๐ Agile development is criticized as a scam for financial gain.
๐ฐ The speaker shares their experience with different models of building SAS companies.
๐จโ๐ป The waterfall development method is discussed as an alternative to Agile.
๐ผ Agile development allows for flexibility in software development by working on an hourly rate.
๐ธ However, Agile development can lead to overspending as initial features are often forgotten.
๐ฐ In contrast, waterfall development involves a fixed payment for a specific piece of software.
๐ Waterfall development is a better approach than agile development as it avoids software bloat and leads to more stable products.
๐ฐ By following the waterfall development model and reducing features, the cost of development can be significantly decreased.
๐ Contrary to the belief that full-time development teams reduce bugs, waterfall development has proven to produce more reliable software.
๐ฏ Instead of agile development, focus on waterfall development to build the cheapest version of your product.
๐ฐ Create a scaled-down version of your product that can be sold as a standalone service for a lower cost.
๐ Market and sell the minimal viable product (MVP) until it generates a consistent monthly revenue of at least $10,000.
๐ฐ The video discusses the concept of Agile Development and how it can be misleading in terms of cost-effectiveness.
๐ฅ Using a specific example of a SAS like Wistia, the video explains how opting for such services can be more cost-effective compared to hosting videos on one's own website.
โ๏ธ The key point emphasized is that a successful SAS needs to offer users more value or savings than what they pay for it on a monthly basis.
๐ฐ Building a SAS can be more cost-effective for customers than building it themselves.
๐ก The MVP of a SAS should provide value to users and save or make them money.
๐ To guarantee success, focus on building a profitable product that customers actually want to pay for.
๐ก Building valuable software is crucial for the success of software companies.
๐ฐ Profitability is a key consideration in software development to avoid excessive costs.
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