There is something I'd call Subscription Fatigue. People and businesses are asked to pay subscription fees left and right.
If I convert my bank statements only each quarter in a spike or once or twice a year, why should I pay for each month or the entire year? Of course I don't know the real usage patterns of this application, but that's one scenario I'd think of.
The perceptive utility of software declines when it is subscription-based in current times. A one-time fee for software is reasonable to a purchaser, renting/leasing software is no longer economical for the size of most phone apps...too little for too much.
> My friends tell me the job is basically managing AI agents and reading Pull Requests. That sounds like hell, and I’ll try to avoid it for as long as possible.
It really is not that bad when you are in a company with a good culture. Leadership is gonna be AI piled everywhere, but imho that's how you learn where to use (and not to use) the technology.
I interact with plenty of companies - not a statistically relevant amount, but dozens. I'd put this at about 50% right now. I certainly deal with a not insignificant number of meat proxy CEOs, which is highly annoying for the people worrying about the details. But it's not impossible to work with. I just accept the overhead and hope it gets better.
> When a user cancels a subscription Stripe asks them for a reason. At the moment I don’t really do anything with the cancellation reason, actually this is the first time I’ve ever looked at the data.
This comes across as very unserious. If you’re truly trying to build a business then this seems like one of the best signals/datapoints you can get…
Ironically, doesn't the "Get a job" paragraph have the solution? If you believe that is what the future of jobs at a company looks like, perhaps try to market your tool to agents?
You could add an API which is perfect for agents to use. Something that survives the pull request review process.
Hang in there. I've yet so see an even modestly successful business that didn't have this or some other bleak problem at one point in time. I'm sure they exist, I just haven't seen one yet :D
My gut says this one can be turned around. Even if 90% of people just happily prefer ChatGPT for this (which I'd doubt), the remaining 10% is still a lot to fund a small venture very well. Just gotta find them effectively.
Even the "giving up" route can be pretty juicy, there's companies that pay decent money for a "distressed asset". And there's also investment firms (like mine) that go for a minority stake and help turn things around.
Seeing this with all my founder friends. Combination of Google AI summaries just sending much less traffic and AI tools being able to do small tasks by themself, rending a ton of SaaS less used.
AI kills SaaS dead - because most will use AI to do what this does directly (presumably convert bank statements), and the rest will use AI to write a non-AI tool that does it likely just as well.
I did this…
I have a specific system-generated PDF bank statement and it didn’t take too long to write a parsing program, which would have taken much longer before.
If it’s cheaper than having AI generate it directly, how about creating an MCP so AI can use this tool, and then trying connecting something like x402? It’s not exactly a subscription economy, but I think it could become a tool for AI
I have a feeling search traffic is down and lots of people are diverting to using AI, or to one of the sloppy competitors. Conveying bank statements doesn’t seem like there’s much of a moat around the workflow.
Taking my homepage as an example, when I allowed AI bots, I got about 1,200 visitors a day. But when I blocked them, that number dropped to around 140. It seems like over 70% of internet traffic these days is dominated by AI bots.
You can stand out by being authentic. Your face on the video, etc. Even writing it yourself genuinely instead of using an LLM. ex the article felt authentic.
But how you get authentic and engaging for bank statement converter? People search for it to solve particular problem in the first place, not to hear your life story.
And regarding face on video, I just got stuned with video of 106 years old giving life advices and all people but one in comment section didn't notice it is well generated.
-> But how you get authentic and engaging for bank statement converter? People search for it to solve particular problem in the first place, not to hear your life story.
No, the problem is too much (sloppy) content dilutes good conent. Searching for good content became impossible, so instead people go straight to AI to ask.
This is alright, but your main page is just trash. You mention you have 0 pages every 24 hours in the "Registered" free tier. You can't even check that but have time to write a post about how your business is dying? Like I understand you like content marketing but at least have your product ready for the potential customers that you might get via content marketing jfc
There is something I'd call Subscription Fatigue. People and businesses are asked to pay subscription fees left and right.
If I convert my bank statements only each quarter in a spike or once or twice a year, why should I pay for each month or the entire year? Of course I don't know the real usage patterns of this application, but that's one scenario I'd think of.
The perceptive utility of software declines when it is subscription-based in current times. A one-time fee for software is reasonable to a purchaser, renting/leasing software is no longer economical for the size of most phone apps...too little for too much.
*Edit: Apparently I forgot how to spell.
hell yes.
I hit this wall about 2-3 years ago at least...
> My friends tell me the job is basically managing AI agents and reading Pull Requests. That sounds like hell, and I’ll try to avoid it for as long as possible.
It really is not that bad when you are in a company with a good culture. Leadership is gonna be AI piled everywhere, but imho that's how you learn where to use (and not to use) the technology.
Places that can't have code leave the work site still do not use AI.
Some do, DOD is pushing grok
Wonder how that happened...
Someone bought a very expensive golf club membership?!
> Leadership is gonna be AI piled everywhere
I have doubts
I interact with plenty of companies - not a statistically relevant amount, but dozens. I'd put this at about 50% right now. I certainly deal with a not insignificant number of meat proxy CEOs, which is highly annoying for the people worrying about the details. But it's not impossible to work with. I just accept the overhead and hope it gets better.
I liked the article, although I have no idea what it even means to convert your bank statements. Is this a Chinese thing?
I assume it means converting PDFs transaction statements provided by banks into spreadsheets which accounting software can import.
> When a user cancels a subscription Stripe asks them for a reason. At the moment I don’t really do anything with the cancellation reason, actually this is the first time I’ve ever looked at the data.
This comes across as very unserious. If you’re truly trying to build a business then this seems like one of the best signals/datapoints you can get…
Ironically, doesn't the "Get a job" paragraph have the solution? If you believe that is what the future of jobs at a company looks like, perhaps try to market your tool to agents?
You could add an API which is perfect for agents to use. Something that survives the pull request review process.
A lot of these super-simple utility apps will die off with AI.
Two years ago I paid a little app to extract the member list of a WhatsApp community I manage. Now I just ask Codex to do it.
It sucks for the founders no doubt. But it’s better for the consumer not to have a million paid utility apps for solving small nuisances.
Hang in there. I've yet so see an even modestly successful business that didn't have this or some other bleak problem at one point in time. I'm sure they exist, I just haven't seen one yet :D
My gut says this one can be turned around. Even if 90% of people just happily prefer ChatGPT for this (which I'd doubt), the remaining 10% is still a lot to fund a small venture very well. Just gotta find them effectively.
Even the "giving up" route can be pretty juicy, there's companies that pay decent money for a "distressed asset". And there's also investment firms (like mine) that go for a minority stake and help turn things around.
Seeing this with all my founder friends. Combination of Google AI summaries just sending much less traffic and AI tools being able to do small tasks by themself, rending a ton of SaaS less used.
I like this writing style, dry and direct. Refreshing after reading ai output all the time.
AI kills SaaS dead - because most will use AI to do what this does directly (presumably convert bank statements), and the rest will use AI to write a non-AI tool that does it likely just as well.
I did this… I have a specific system-generated PDF bank statement and it didn’t take too long to write a parsing program, which would have taken much longer before.
If it’s cheaper than having AI generate it directly, how about creating an MCP so AI can use this tool, and then trying connecting something like x402? It’s not exactly a subscription economy, but I think it could become a tool for AI
I have a feeling search traffic is down and lots of people are diverting to using AI, or to one of the sloppy competitors. Conveying bank statements doesn’t seem like there’s much of a moat around the workflow.
All I see is a company with a lot of users and good revenue. This looks like a great moat to build a business off of!
This was a really honest and nice read. I also appreciated the last paragraph.
Personally I work at a FAANG adjacent big tech company and dream of quitting every fucking second
Taking my homepage as an example, when I allowed AI bots, I got about 1,200 visitors a day. But when I blocked them, that number dropped to around 140. It seems like over 70% of internet traffic these days is dominated by AI bots.
Content marketing is dying because content slop is massively generated now.
You can stand out by being authentic. Your face on the video, etc. Even writing it yourself genuinely instead of using an LLM. ex the article felt authentic.
But how you get authentic and engaging for bank statement converter? People search for it to solve particular problem in the first place, not to hear your life story.
And regarding face on video, I just got stuned with video of 106 years old giving life advices and all people but one in comment section didn't notice it is well generated.
-> But how you get authentic and engaging for bank statement converter? People search for it to solve particular problem in the first place, not to hear your life story.
That's the hard part :)
I disagree, I think if you slop out your content it will be disregarded. It seems to be pretty easy to identify now with tools like Pangram.
No, the problem is too much (sloppy) content dilutes good conent. Searching for good content became impossible, so instead people go straight to AI to ask.
This is alright, but your main page is just trash. You mention you have 0 pages every 24 hours in the "Registered" free tier. You can't even check that but have time to write a post about how your business is dying? Like I understand you like content marketing but at least have your product ready for the potential customers that you might get via content marketing jfc
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