An email list and a group of good techie developer friends are sometimes all you need to hit the jackpot.
The same is true for Ryan Hoover, the founder, and CEO of Product Hunt, who started an email list of friends to share amazing new products, which subsequently inspired the development of the popular tech-discovery website, Product Hunt.
“I wasn’t an engineer, so I wasn’t going to invest the time or money in building an entire site from the start, but I could build an email list easily. I started one and invited a few dozen investors, founders, and other friends of mine who I thought might like this, and who had an inside track of what kind of tech products were cool.”
In a couple of years since its inception, Product Hunt has evolved into a community of thousands of monthly users. In 2013, it was sold to AngelList for $20 million.