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Upvoty

by Mike SlaatsLaunched 2019-02via Failory
See all SaaS companies using product led growth
MRR$20k/mo
Growthproduct led growth
Time to PMF3 months
Pricingsubscription
Built in3 months
The Spark

Mike Slaats was running a $1M ARR SaaS company when he faced a familiar problem: as the user base grew, so did customer feedback—but there was no good way to organize it. They resorted to spreadsheets, which quickly became unmanageable. When he researched existing user feedback tools, he spotted a gap. More importantly, he realized he wasn't passionate about his current product or market anymore. "If you're not passionate enough about solving your customer's problems, it's not going to work in the long run," he would later reflect. He decided to pivot entirely.

Building the First Version

Mike validated the idea Dropbox-style: a landing page with an explainer video and signup form. Within 2 months, over 300 people signed up—mostly from communities like Indie Hackers, Product Hunt, Makerlog, and BetaList. He also leaned on his existing audience on YouTube and Instagram, participated heavily in Facebook groups, and went all-in on content marketing with eBooks and interviews. In just 3 months, Mike and his team built a "very slim and basic version" of Upvoty, but it had enough to validate whether customers would actually pay. They launched the beta in August 2018.

Finding the First Customers

Within 2 months of the public launch in February 2019, paying customers started arriving. That was the real validation. Mike immediately shifted focus to listening: he used Upvoty itself to track customer feedback and pain points, then built features based on what he heard. By 2021, the company had grown to over 500 paying customers with a fully remote team of 8.

What Worked (and What Didn't)

Content marketing, eBooks, podcast sponsorships, and YouTube promotion all contributed, but the real secret was the product itself. Mike added a "Powered by Upvoty" link and mention in every customer's feedback portal. This turned each customer into a distribution channel—when they shared their feedback boards with their own users, those users saw Upvoty's branding. If they needed feedback software, they'd click through and sign up. This product-led referral loop became the most effective marketing strategy, delivering a steady stream of qualified leads without paid ads.

Where They Are Now

Upvoty hit $20,000 MRR by 2021 and was growing by over $1,000 per month. Mike's goal for the following year was $50,000 MRR, planned through expanded sales and advertising. He had learned several core lessons: passion for the problem is non-negotiable, and "dream big, start small"—dominate with a narrow audience first, then expand. He remained committed to his YouTube channel (still chasing that silver play button) while delegating almost everything else to his outsourced team of developers, marketers, and support staff.

Why It Worked
  • Mike validated product-market fit before heavy development by collecting 300+ sign-ups on a landing page, then iterating based on real customer usage—this reduced risk and saved wasted engineering.
  • The 'Powered by Upvoty' viral loop embedded in the product itself turned every customer into an unpaid marketer, creating compounding referrals that made paid acquisition unnecessary for years.
  • Focusing obsessively on a narrow target audience (early-stage founders and product managers who value learning content) allowed Upvoty to dominate a specific segment before trying to expand, avoiding diluted messaging.
  • Content marketing (blog, eBooks, interviews, podcast appearances) positioned Mike as a trusted expert and driven SEO rankings, creating inbound demand rather than relying on outbound cold sales.
  • Maintaining founder passion by pivoting away from a previous $1M product he no longer cared about meant he brought energy and conviction to Upvoty, which likely translated to product quality and customer empathy.
How to Replicate
  • 1.Validate before you build: create a landing page with a video and signup form, target communities where your audience hangs out (Indie Hackers, Product Hunt, BetaList), and aim for 300+ signups before committing to 3+ months of development.
  • 2.Embed a referral mechanism directly into your product (like 'Powered by [Company]' branding) so every customer interaction becomes a potential marketing moment and new leads see your name naturally.
  • 3.Publish content your target audience craves (blog posts, eBooks, interviews) aligned with their pain points, not just your product features; this builds authority and drives organic search traffic over time.
  • 4.Choose a narrow initial target audience (early-stage founders or product managers in your case) and obsess over solving their problem exceptionally well before you try to address a broader market.
  • 5.Outsource non-core work (development, marketing execution, support) from day one if you're not technical, allowing you to focus on strategy, customer conversations, and high-leverage activities like content and interviews.

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