Why Distribution Is the Moat When AI Makes Building Cheap
The conventional advice for SaaS founders is still "build a great product." Spend your time obsessing over UX, shipping features faster than competitors, and wr

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Tibo Louis-Lucas burned through 700,000 euros on two failed startups, walked away with 250,000 euros in personal debt, and quit his next job to travel the world. Three weeks later he was stuck in Paris with a sick baby and no plan. Today TMAKER does over $1M a month across 5 products with a team of 10, treating SaaS distribution channels as the real moat in an AI era where building is cheap.
In this episode, Tibo breaks down how he shipped 11 products in 4 months on unemployment benefits, the JK Molina equity deal that took Tweet Hunter from $3K to $20K MRR in 3 weeks, why he publicly regrets selling Tweet Hunter and Taplio for $8 million, and the co-maker model he uses now to launch new SaaS products without building them himself.
Tibo Louis-Lucas is the founder of TMAKER, a bootstrapped portfolio of 5 SaaS products doing over $1M a month with a team of 10. His flagship product Outrank crossed $200K MRR on its own. But the road to TMAKER ran through two bankruptcies, 250,000 euros of personal debt, a $8 million exit Tibo publicly regrets, and a complete rethink of how SaaS distribution channels actually work.
Tibo raised 200K euros for his first startup in 2015 and another 500K for his second in 2017. Both went to zero. The second left him with 250K in personal debt. He took a corporate CTO job for stability. Then his first child was born, got severely sick at two months old, and he and his wife quit their jobs to travel the world. Three weeks later, COVID hit. They were stuck in Paris with a sick baby, no income, and no plan.
Most people would have crawled back to a salary. Tibo went the other way. He partnered with co-founder Tom and shipped 11 products in 4 months on unemployment benefits. The kill criteria was revenue, not downloads or feedback. Ten products flopped. The eleventh, Tweet Hunter, hit $1K MRR in its second month. Then Twitter influencer JK Molina asked for 25% of profits in exchange for promoting it. Revenue tripled from around $3K to $20K MRR in three weeks. They forked the same model into Taplio for LinkedIn and sold both to Lempire less than two years in for $2M upfront and an earnout that closed at $8 million.
After the earnout ended, Tibo experienced what he calls a void. He publicly regrets selling. Now he runs TMAKER as a portfolio studio with the opposite playbook. Instead of being the maker, he is the SaaS distribution channel. He partners with co-makers who build the products while he handles audience, SEO, ads, and influencer pipelines that get reused across every product. Outrank is the flagship at $200K MRR. Revid does over $600K a month. The portfolio crossed $1M a month a few weeks before this conversation.
In this episode, Tibo unpacks why SaaS distribution channels matter more than the product itself in the AI era, the exact signals that told him Tweet Hunter was the one after 10 failures, the structure of his JK Molina equity deal, why he regrets the $8M exit, the co-maker model that powers TMAKER, and how he uses SEO as the most durable SaaS distribution channel of all.
TMAKER founder Tibo Louis-Lucas built a 5-product SaaS portfolio doing over $1M a month and $12M ARR with a team of 10 by treating SaaS distribution channels - SEO, influencer equity deals, and a personal audience - as the reusable asset across products. Outrank is the flagship at $200K MRR. Revid does over $600K a month. The same JK Molina equity playbook that took Tweet Hunter from $3K to $20K MRR in three weeks now lives inside Tibo's co-maker model.
🚀 Treat SaaS distribution channels as the reusable asset: Tibo built one SEO playbook, one ads pipeline, and one influencer network and reuses them across all 5 TMAKER products. Each new product launches with traffic from day one.
🎯 Validate with revenue, not downloads or feedback: Tibo shipped 11 products in 4 months and only kept the one that pulled paying customers without prompting. Recurring revenue past month two is the only signal he trusts now.
🤝 Equity deals beat commission for distribution partners: JK Molina got 25% of profits and exit proceeds tied to active work. That tripled Tweet Hunter revenue from $3K to $20K MRR in three weeks and aligned incentives for the long haul.
💰 An earnout can sell you the company twice: Tibo took $2M upfront and earned $8M total against $8M ARR. He calls it selling an $8M business for $8M, and the post-exit void hit harder than the payday felt good.
🛠️ Switch from maker to SaaS distribution channel as you scale: Tibo flipped his role from builder to distribution lead and partners with co-makers who build the products. One distribution operator can power 5 products that 5 solo founders could not.
🧠 Real product-market fit is when demand outruns you: Tweet Hunter PMF showed up as overwhelming DMs, feature requests, and signups he could not keep up with. Comfortable growth is not the signal - chaos is.
⚡ AI makes building cheap, so SaaS distribution channels are the moat: Outrank, Revid, and the rest of TMAKER survive copycats by owning audience, SEO real estate, and partner networks - assets that compound long after the code ships.
The conventional advice for SaaS founders is still "build a great product." Spend your time obsessing over UX, shipping features faster than competitors, and wr
Most founders validate ideas the wrong way. They count signups, downloads, weekly active users, "interested" replies, and waitlist emails.
Founders see an 8-figure exit headline and assume the seller won. Tibo Louis-Lucas sold Tweet Hunter and Taplio for $2M upfront with an earnout that closed at $
The standard SaaS scaling story is "go deep on one product." Build a single thing, push it past $10M ARR, hire the org chart that matches.
How did Tibo Louis-Lucas build TMAKER to $1M monthly revenue with only 10 people?
He runs a portfolio of 5 SaaS products on shared SaaS distribution channels - one SEO playbook, one ads pipeline, one influencer network - paired with co-makers who build the products while he drives growth.
Why did Tibo Louis-Lucas ship 11 products in 4 months instead of focusing on one?
After two VC failures and 250K euros in personal debt, he wanted strong revenue signals fast. Building one product per week let him kill 10 quickly and double down on Tweet Hunter when it hit $1K MRR in month two.
How did Tweet Hunter go from $3K to $20K MRR in three weeks?
Twitter influencer JK Molina got a tiered equity deal up to 25% of profits and exit proceeds in exchange for promoting Tweet Hunter to his audience and email list. The launch tripled revenue and product-led growth carried it from there.
Why does Tibo Louis-Lucas regret selling Tweet Hunter and Taplio for $8 million?
The earnout ended at $8M against $8M ARR, so financially he sold an $8M ARR business for $8M. After the earnout he hit a void he describes as post-exit depression - recognition without purpose pulled him back into building.
What is the co-maker model Tibo uses inside TMAKER?
Instead of being the builder, Tibo is the SaaS distribution channel. He brings audience, SEO, ads, and influencer relationships, and partners with a developer co-maker who builds the product. Equity is shared and tied to active contribution.
Why does Tibo Louis-Lucas say SaaS distribution channels matter more than product in the AI era?
AI makes building cheap, so the founders who win compete on distribution. Outrank still ranks for keywords years after launch, and his reusable distribution stack lets every new TMAKER product start with traffic on day one.
What signal told Tibo that Tweet Hunter had product-market fit?
Demand became hard to serve. Signups, DMs, and feature requests overwhelmed support. People kept paying through second and third months without him posting, which he calls the strongest organic SaaS distribution channel signal a product can get.
How does Tibo Louis-Lucas use SEO as a SaaS distribution channel?
He ramps SEO aggressively from day one because it captures the highest-intent leads - people searching for a solution they already need. Outrank exists specifically to make SEO work as a distribution channel for AI-era SaaS.
Why does Tibo Louis-Lucas say outrank wins for AI search visibility too?
LLMs answer by running searches on the same engines humans use and citing the top-ranked content. Strong SEO content is therefore the same SaaS distribution channel that gets a brand mentioned by ChatGPT, Perplexity, and Gemini.
Omer Khan [00:00:03]:
Welcome to the SaaS podcast. I'm your host, Omer Khan. AI has changed the playbook for building and growing SaaS. Every week I talk to founders who are writing the new one. He burned through €700,000 on two failed startups, walked away with $250,000 in personal debt, and then quit his job to travel the world.
Omer Khan [00:00:22]:
Three weeks later, he was stuck in Paris with a sick baby and. And no plan. My guest today is Thibault Louis-Lucas, who built TMAKER into a million dollar a month business with a team of just 10 people and zero outside funding.
Omer Khan [00:00:36]:
In this episode, Thibault breaks down how he built 11 products in four months while he was on unemployment benefits, how he took one of his products from 3k to 20k in MRR in just two weeks, the model he uses to launch new products without actually building them, and how he publicly regrets selling one of his products for $8 million.
Omer Khan [00:00:57]:
So I hope you enjoy it. All right, Thibault, welcome to the show.
Tibo Louis-Lucas [00:01:03]:
Hey. So happy to be here.
Omer Khan [00:01:05]:
So tell us about TMAKER. What does the business do and who are you building for?
Tibo Louis-Lucas [00:01:13]:
TMAKER is kind of a holding company for me. I have five projects live right now. I'm basically trying to build SaaS product for five founders, small business owners, like everything that would help those people to just grow and be more successful.
Omer Khan [00:01:30]:
Great. And give us a sense of the size of the business. Where are you in terms of revenue, size of team, that sort of stuff.
Tibo Louis-Lucas [00:01:37]:
The crazy thing in like, I can't even realize it, but it's like a few weeks ago we crossed a million per month, which is insane to me. It's like the further that I've ever been, so I'm just so happy about the growth.
Omer Khan [00:01:55]:
So you basically hit like the 12 million ARR.
Tibo Louis-Lucas [00:01:58]:
Yeah, exactly.
Omer Khan [00:01:59]:
So you've got a really interesting story along the way. I mean, you started out, there was a lot of failed starts, failed attempts at building businesses. And we were going to talk about that. You eventually ended up building Tweet Hunter and Taplio, which you ended up selling for several millions of dollars.
Omer Khan [00:02:22]:
And then now you're building TMAKER and this holding company. But let's start with, I think the first two startups you worked on, they both failed or ran out of money. You raised funding for both of them, and then after the second one, the business was left with a debt of what, $250,000 or something.
Omer Khan [00:02:50]:
So maybe just tell me a little bit about that start. What happened? Why do you think things went wrong?
Tibo Louis-Lucas [00:02:58]:
I think I did the dumbest and the most classical mistake that a founder can do, which is you are desperate to build your own thing. You really want to do startups and you do it. And you do it because it's ego driven. You absolutely want to be successful. You want to be the CEO.
Tibo Louis-Lucas [00:03:21]:
You enjoy so much putting CEO on your LinkedIn. You know those guys. And so you start, you build a product, you hire a lot of interns and what happens is that you think that to be successful you absolutely need to raise money. He want to be the next textbook and you raise money.
Tibo Louis-Lucas [00:03:43]:
I think my very first round was something like 200K. And you think that you've made it, this is being successful. And he's so happy because during family dinner you can say that you are managing a team of 10 people, you've raised a lot of money and it's amazing. But the thing is, I didn't even validate the id.
Tibo Louis-Lucas [00:04:08]:
There was no recurring revenue stream. I learned that much later. But having revenue is the very basic of any startups. It's not like you can go from VC rounds to VC rounds, just a very small amount of startups are doing it that way. People need to realize that.
Omer Khan [00:04:32]:
So do you think it was too easy to raise funding for those startups?
Tibo Louis-Lucas [00:04:37]:
Yeah, it was somewhat easy and it made you think that you succeed. But the problem with that is that it makes you confident about your IDE and it makes you less willing to pivot to another thing that might be more profitable.
Tibo Louis-Lucas [00:04:54]:
And what I realized much later is that you need to pivot so much until you find product market fits. You need to do that so much that you need to remove any friction that would slow down in doing the pivots.
Tibo Louis-Lucas [00:05:08]:
And that means VC of course, but also the team being just a 1 or 2% team, it's so easier to just pivot and go to a new idea if you think like if you have spotted something that makes you think that it's going to be the right way now.
Omer Khan [00:05:25]:
So you had the experience with those two startups, you ended up getting a full time job and then did you lose that job during COVID Not really.
Tibo Louis-Lucas [00:05:39]:
This is the worst story ever. It was an awesome job, like CTO job in a very big scaling startup. And that was the time where I got my first kid, by the way. The job was to get some stability for the first kid and she got sick, like super sick. Almost died at two months old.
Tibo Louis-Lucas [00:06:04]:
And so we had like this, I don't know, like these moments where we decided to Quit our job, both my wife and me, to travel the world. And that was in February 2020. February 2020, we both quit our job to start traveling the world. And just like something like two or three Covid became a real thing.
Tibo Louis-Lucas [00:06:29]:
And we got stuck in Paris. Nothing to do, no plan, the kids crying, not sleeping so much. So it was kind of the worst time.
Omer Khan [00:06:43]:
Wow. And then I think most people would have said, okay, let me find another job and get that stability again. But you decided you were going to build startups.
Tibo Louis-Lucas [00:06:58]:
Yeah, it was. So during this year and a half as an employee, I just couldn't help it. I had to go back to startuping. I had so many ideas that I wanted to work on, and having a boss is something that is awful for me.
Tibo Louis-Lucas [00:07:18]:
I'm really not the kind of guy, I think I'm getting more and more unemployable. So, yeah, I just wanted so much to build the game.
Omer Khan [00:07:26]:
Yeah. And then. So you and your co founder, is it Tom?
Tibo Louis-Lucas [00:07:33]:
Yeah.
Omer Khan [00:07:34]:
The two of you decided that you were going to build products. Like one product every week. You ended up building 10 or 11. Most of them didn't go anywhere, but one of them turned out to be Tweed Hunter, which obviously did very well.
Omer Khan [00:07:56]:
So walk me through, what was the plan that you guys had when you set out to build these different products?
Tibo Louis-Lucas [00:08:05]:
So the absolute one thing that we wanted to avoid was working again two years on a product, and in the end, after two years, realizing that it would not go anywhere. So the goal was to spend our time on something where we would see strong signals that there is very high potential.
Tibo Louis-Lucas [00:08:29]:
And so we decided to pick a niche, pick a positioning, and on this niche, on this positioning, build one product per week until something stick. And by sticking, I mean we were looking only at revenue to see if people were interested enough to put their credit cards and pay for it.
Tibo Louis-Lucas [00:08:55]:
The mistake that we did before was looking at average weekly active users or just downloads of our app as a signal for success. But in the end, you need revenue if you want to make a living out of that. So we decided like the.
Tibo Louis-Lucas [00:09:12]:
We saw that the creator economy was booming, so we decided to target founders and creators, build for them, help them being more successful by helping with their acquisition and build product after products. On this positioning.
Omer Khan [00:09:33]:
Give me an example of when you said picking a niche and then picking positioning. Just give me an example of that.
Tibo Louis-Lucas [00:09:42]:
Like one very interesting thing is we built this app which was a search engine for communities like Slack servers, Discord servers, telegram groups, things like that. Like things where you can post about your products when you launch something. So let's say you are into fitness, you are building a fitness app.
Tibo Louis-Lucas [00:10:06]:
This search engine would be able to find every community that it would be relevant to talk about your fitness app. It was kind of like we had a nice start, we got people paying to access this search engine, but the thing is you basically only launch once.
Tibo Louis-Lucas [00:10:25]:
And so people just paid once, were using it a bit, they were doing the launch and then just skip. And so we had a very strong threshold for product market fits. And so even if this product generated some revenue, we just moved on to the next one because it was just not enough.
Omer Khan [00:10:48]:
Now this was before the days of AI vibe coding. So I'm curious how much were you able to build of a product in one week to get people to give you money for it?
Tibo Louis-Lucas [00:11:02]:
So I realized by that, just by being quite a good developer and by using many, many resources out there, by doing some spaghetti code, reusing the components from one product to another, reusing my databases, I was not bothering recreating project, I was recycling everything.
Tibo Louis-Lucas [00:11:21]:
I had something like one backend for every single one of my of my product and then I was just plugging front end and reusing my function. So I was just optimizing for fast shipping. But most of the time still by doing that, it's hard to build something in just one or two weeks.
Tibo Louis-Lucas [00:11:40]:
So most of the time we were just building the landing page, adding a form for request access to the tool, and people were just requesting access. We were just counting the email addresses that we were collecting and if it was quite high, we were moving on and creating the product itself.
Tibo Louis-Lucas [00:11:59]:
So product after product, we were improving this process of creating the product and validating it step after step so we can just move on to the next one quicker.
Omer Khan [00:12:13]:
What was the signal that told you this is the time to move on? Next idea.
Tibo Louis-Lucas [00:12:18]:
One of the strongest signals is how recurring the usage is. If you start having some people paying for a second month after the first month, it's one of the best things. If you see something, if you tweet and get new subscription and revenue, it's a nice start.
Tibo Louis-Lucas [00:12:42]:
But if you don't tweet, don't post on Reddit, like do nothing during the day and still get some new signups and subscription, this is another very strong signal.
Tibo Louis-Lucas [00:12:52]:
It means that someone is just going back to an old email or he thought about it and then coming back to the tool, or he talked about your product to a friend and he signed up all of Those, they are awesome signals.
Omer Khan [00:13:09]:
Yeah. So eventually you came to building Tweet Hunter. What was different this time that told you this product is there's something special about this.
Tibo Louis-Lucas [00:13:24]:
So first of all, I built Tweet Hunter for myself in the first place. I was realizing that product of your after product, Twitter was the tool that was bringing us the most user for every single one of the products. So I wanted to grow my Twitter audience.
Tibo Louis-Lucas [00:13:40]:
And to do that, I was thinking that you need to see good tweets to write good tweets. And so I built just some backend stuff to scrap tweets and just order them. See the one that fit my positioning and my audience. And. And I realized that it was very useful and I was using it every single day.
Tibo Louis-Lucas [00:14:02]:
I was coming up with my tweets by using tweet and share every single day. So that in the first place is an awesome signal for me. And that became the same for my co founder. And then we talked about it and we got a constant flow of new user and new subscription, something like we've never seen before.
Tibo Louis-Lucas [00:14:24]:
It started to. It started to get overwhelming. And I think that this is the true product market fit. It's when you get so much demands that it's getting hard to serve. It's getting hard to go through all the DMs, all the feature requests, all the, like, everything.
Omer Khan [00:14:44]:
And I think you hit like the first, like, thousand K in MRR, like in a couple of weeks with Tweet Hunter, right?
Tibo Louis-Lucas [00:14:53]:
Yeah, something like three weeks. And it was crazy to us. I know it seems like a small number, but the growth was faster and smooth. Like it was a really smooth curve going up, not stopping.
Omer Khan [00:15:07]:
Yeah. I think you described somewhere these products, they go through a life cycle or different stages. And then. So you got this traction with Tweed Hunter, and then did it get to a point where it sort of started, growth stagnated? What was going on with it? What did that trajectory look like?
Tibo Louis-Lucas [00:15:27]:
Not really. Or at least not for a very long time. We got incredibly lucky. I think we got at the perfect time, at the perfect spot, really. We quickly hit 3k in revenue. That was pretty much the time where we found this crazy deal with JK Molina.
Tibo Louis-Lucas [00:15:49]:
He was growing Twitter influencer, promoting the exact method that was applied in Tweet Hunter. And gk, with his Twitter launch, he made the product go from 3k in monthly revenue to 20k in just 2.
Omer Khan [00:16:08]:
Or 3 weeks by just promoting it to his audience.
Tibo Louis-Lucas [00:16:11]:
Yeah, he had a big Twitter following and a nice email Newsletter just by doing that and just because of the crazy growth and the crazy launch. We anticipated a degrowth, like a stagnation after this launch. And it didn't really happen because the users themselves are quite active on Twitter. They talked about the product quite a lot.
Tibo Louis-Lucas [00:16:35]:
And from that day, the product led growth kicked in and it never stops until very much, much later.
Omer Khan [00:16:46]:
So what was in it for JK to promote the product?
Tibo Louis-Lucas [00:16:50]:
We had this weird deal where he got up to 25% of the product. It was not really equity, it was something looking like a profit share, but also exit share. So he would get 25% of the monthly profit of the product, which by the way got quite high because we were fully bootstrapped, profit driven.
Tibo Louis-Lucas [00:17:16]:
And so the profit was getting higher and higher every month. And he would also get 25% off an acquisition if it happens. And it happened.
Omer Khan [00:17:27]:
So partnering with JK got you to, I think you said 20k MRR and then just product led growth, word of mouth, those were the main drivers.
Tibo Louis-Lucas [00:17:39]:
He was still working month after month doing campaigns, promotion campaigns. So yeah, he was really embracing his role of first ambassador, co founder. He participated a lot in the description of the product. But I think Tom and I did also a very good job on the product itself.
Tibo Louis-Lucas [00:18:05]:
There was something looking like a beginning of a startup app ecosystem. But Tweet Hunter was really a step up compared to the competition. It got much better very fast.
Omer Khan [00:18:21]:
I'm curious for a founder who's listening to this, thinking, wait a minute, you gave away 25% of profits forever and any exit revenue to somebody who wasn't a founder and effectively just promoting your product, what would you say to them if it feels like that's too high.
Tibo Louis-Lucas [00:18:45]:
A price to pay if you see that as an influencer deal, I think, yeah, it seems dumb and crazy. We saw it a little bit differently. The contract was actually saying that GK got at the co founder level, so he was considered as a co founder and he had to work like that.
Tibo Louis-Lucas [00:19:09]:
If he was not fulfilling his co founder commitments, he could just lose it all, all the shares. That never happened. He was highly motivated and he worked until the day that we got acquired. But it could have happened. So we were protected like that.
Tibo Louis-Lucas [00:19:29]:
It was not like he was just pushing at launch and then forget about it.
Omer Khan [00:19:34]:
Right. Okay. Now I think TweedHunter got to around 100k in MRR. When you decided that you were also going to have this second product, Taplio, which kind of did the same thing, but for LinkedIn, what was the thinking around that.
Omer Khan [00:19:56]:
And why did you build it as a completely separate product rather than adding it into Tweet Hunter and expanding that existing traction that you already had?
Tibo Louis-Lucas [00:20:07]:
So there was actually two reasons for that, two very different reasons. But converging going into the same direction, which is, first of all, we got GK on Tweet Hunter. So if we add LinkedIn into Tweet Hunter, it would mean that he would not be very relevant for Tweet Hunter, but he would still get 25% of the LinkedIn revenue.
Tibo Louis-Lucas [00:20:34]:
So we were highly incentivized to fork the product, build a LinkedIn one. And we actually did that and looked for a LinkedIn influencer to replicate this exact strategy. And it worked very, very well.
Tibo Louis-Lucas [00:20:52]:
The second thing is the social media space at the time was very big companies like Later.com, buffer, things like that that were doing pretty much every social media around there. Twitter was different because it was focusing on one social media only. And we wanted to keep that in mind. We wanted to keep that mindset.
Tibo Louis-Lucas [00:21:16]:
If you want to be successful by creating content on social media, you need to focus on one interflow space. And that's what tweetinter and Taplio will do for you.
Tibo Louis-Lucas [00:21:26]:
And we were able to go into so much depth, like so much feature integration, so much dedicated feature, that it was a no brainer how better Tweet Hunter was compared to those big generalistic social media.
Omer Khan [00:21:42]:
Did you use the same playbook to grow Taplio? Did you find an equivalent to JK and partner, or what was the way that you got the traction there?
Tibo Louis-Lucas [00:21:54]:
Yeah, we did exactly the same thing. It was a happy accident on Twitter, but for LinkedIn and Taplio, we decided that we wanted to go that way and we were hunting the LinkedIn influencer until we found the AL experiment.
Tibo Louis-Lucas [00:22:14]:
We didn't even know if this partnership was successful because Taplio and Twitter got acquired very, very fast after the creation of Taplio. And so the partnership was terminated and we grew it on our own.
Omer Khan [00:22:32]:
What do you mean the partnership was terminated?
Tibo Louis-Lucas [00:22:34]:
When we got acquired, Both the partnership on Twitter with GK and the partnership on Taplio with Alex added up directly.
Omer Khan [00:22:48]:
Okay, okay. Because they got their 25% or whatever.
Tibo Louis-Lucas [00:22:52]:
Yeah, they got their 25% of the upfront payments. And then we had like a big payout, a big earn out, like a performance based earnout for two years. And we worked with a team, the Lempire team, on achieving those goals. That was very hard.
Omer Khan [00:23:12]:
Now, I think the number I saw was that did you sell for around 8 million. Was that the number?
Tibo Louis-Lucas [00:23:18]:
So we sold for 1.5 million upfront. No, sorry, 2 million upfront. And then it could go up to 10 million. So from 2, it could go up to 10 based on achieving 6 milestones. And out of the 6 milestones, we achieved only 5. And so the deal ended up being 8 millions.
Omer Khan [00:23:41]:
Got it. Okay. You've said publicly that you regret selling and that one of the downsides was that you experience post exit depression. Tell me about that. What happened? Why did it not turn out to be what most founders listen to this would be saying, Whoa, 8 million. Awesome.
Tibo Louis-Lucas [00:24:13]:
Yeah, it's a very tough question because first of all, you cannot complain when you get so much money. So it's hard to say. So the very first point is, from a financial standpoint only, it was not a great decision. We got acquired.
Tibo Louis-Lucas [00:24:34]:
We were doing like 1.5 million in annual revenue, and at the very end of the earnout, we were doing 8 million in annual revenue. So we grew like crazy. We grew five times during those 18 months. And so we basically ended up selling an 8 million company for 8 million.
Omer Khan [00:25:02]:
But do you think the growth was because of the acquisition? You got additional help to grow or you feel like you would have grown like that anyway?
Tibo Louis-Lucas [00:25:11]:
It's very hard to say. If you ask the Lempire team, they would say that they held the loss. If you ask me, I have a different story, but I really think this is not their fault, by the way. But we structured the deal by. It was very important to us to stay very independent during the announce.
Tibo Louis-Lucas [00:25:32]:
We didn't want to have a boss to report to. And it was written on the acquisition contract that we would remain in control of every decision related to Tweetensure and Tap IO. We were keeping every big decision about the product. And because of that, the team remained very separate. Like, we were working very differently from different place.
Tibo Louis-Lucas [00:26:01]:
We didn't even have a common slack, but we had separate slacks. So it was very hard for Lempire to help us with our acquisition. And so I really think that what we did with them, we could have done on our own.
Tibo Louis-Lucas [00:26:19]:
The only thing that would have been very different is that I think we spent much more in acquisition and marketing because it was not our money anymore. Like, we took very big risk which paid off. I'm not sure we would have taken the same risk without Lempire.
Omer Khan [00:26:36]:
And how did it affect you personally and emotional and mental health?
Tibo Louis-Lucas [00:26:41]:
So that's a good question. I wouldn't say depression, but when you get acquired. And then at the end of the earnouts, you really have nothing to do. You have this big void, like this big emptiness. You have created something that has a lot of value and you got paid for that.
Tibo Louis-Lucas [00:27:06]:
And you get recognized for a successful founder. And I think this is the main thing. You get recognized for being successful. And so I talked about that with many founders and they all feel the same.
Tibo Louis-Lucas [00:27:21]:
It's very hard to go back to building and to show your work publicly because every single thing that you show to the world, you take the risk of going from being the successful founder to being this loser who breed the very shitty product. And the truth is that no one cares.
Tibo Louis-Lucas [00:27:44]:
No one is really looking at you and judging you. But you feel that way. It's. I guess it's the human thing.
Omer Khan [00:27:53]:
And I think people listening might be saying, well, you have all of this money, okay, you have a void, but you can go and go to the beach every day or something. Right. And for me, I can tell you personally, I moved to Florida, I live very close to the beach. It gets boring very quickly.
Omer Khan [00:28:16]:
You need some, you need purpose in your life. You need to be doing something.
Tibo Louis-Lucas [00:28:21]:
No, no, I agree completely. The fun things, it can hook you for a few weeks and then you need to find something. And when you are a true builder, I really think that you cannot stop building.
Omer Khan [00:28:35]:
And so that's exactly what you did. You started building again, right?
Tibo Louis-Lucas [00:28:39]:
Yep. In my case, I actually started building before completely leaving Lempire because I was not building this myself, but I myself acquired a very small tool called TypeFrame, which eventually became Revid, which is a video creation and editing tool with AI, which basically became my most successful product ever.
Tibo Louis-Lucas [00:29:09]:
Doing more than 600,000 per month right now, which I find insane compared to how much I paid for it.
Omer Khan [00:29:18]:
And did you use the same playbook again? Did you find an influencer and partner up?
Tibo Louis-Lucas [00:29:24]:
Something like this. But in this case I wanted to play the influencer so I shifted my positioning and this is what I'm doing right now with Keymaker in every single one of my products. Instead of being the maker, I'm now the distribution guy. What I'm doing right now is I have five active projects.
Tibo Louis-Lucas [00:29:52]:
I am the distribution guy for every single one of my products and I partner with a co-maker who is building the products.
Omer Khan [00:30:03]:
I'm curious why you made that shift. Because if you're a builder, I would have thought you would have said, I'm going to keep doing the building and I'm going to partner with people who can get distribution across different niches or whatever. Why did you do it the other way around?
Tibo Louis-Lucas [00:30:22]:
Yeah, that's a good point for a few reasons. First of all is I think when you are building the thing, it's harder to work on multiple things. There is, there is a lower limit when you are the distribution guy.
Tibo Louis-Lucas [00:30:38]:
You can build an ads pipeline, you can build an SEO playbook, you can build an influencer network and every single product can benefit from those systems. I find it easier to build a system that's going to be reused for every single one of our products.
Tibo Louis-Lucas [00:31:02]:
And the second thing is with AI making building so easy, I wanted to go into the distribution space because I think this is where it's all going to play. Like the success of products is going to be based mostly on distribution. I'm not saying that.
Tibo Louis-Lucas [00:31:22]:
So I'm still building for some of the products, but I'm highly committed on building great products. And that means that the product decision themselves, they are shared between my developer, co-maker and me.
Omer Khan [00:31:44]:
So two of your most successful products you talked about, revit. The other one is I think outrank. Both of those have some level of kind of wrapping some LLM in terms of what they do.
Omer Khan [00:32:01]:
And the distribution thing makes complete sense because now with Vibe coding, presumably you see a lot of copycat products, a lot more than you would have seen a couple of years ago. So describe to me how, how you build that moat with distribution. What are some of the specific things that you're doing?
Tibo Louis-Lucas [00:32:25]:
The one thing that I try to do is ramp up SEO very fast and very aggressively. I really find SEO to be one of the most interesting acquisition channel because you are capturing people who have most of like in pretty much all the cases is the highest intent that you can get from a lead.
Tibo Louis-Lucas [00:32:54]:
You basically capture someone who is looking for a solution to a problem that you are sure that he is. And SEO when you like sometimes like I sold tweets into something like three years ago and it's still ranking for tools that I built during my time at Twistentour.
Tibo Louis-Lucas [00:33:14]:
And so when you build something and it captures search traffic, it can last for a very long time. So it's sustainable and it lasts. And that's the amazing thing that pretty much every founder would want to have.
Omer Khan [00:33:29]:
Yeah, and it sounds like you have outrank, which is solving exactly that problem. Right. It helps you figure out how to do SEO and generate content and stuff. And are you also moving into that space of like geo and helping people get discovered in ChatGPT and perplexity and those places.
Tibo Louis-Lucas [00:33:52]:
It's crazy because I see so many tools positioning themselves as the best tool for being mentioned by AI. The thing is, outrank, which is an SEO tool, is in my opinion, the best tool that you can use for that.
Tibo Louis-Lucas [00:34:08]:
Because what an AI is going to do is that it's going to perform a search on the same search engine that you are using, you and me, and it's going to take the top tool there, it's going to look for best product to do this.
Tibo Louis-Lucas [00:34:24]:
And if the blog post mention your product first, it's going to pick this as the true answer. So you need to have an amazing SEO to be mentioned by LLMs.
Tibo Louis-Lucas [00:34:37]:
And so that's why I think outrank grew so much in the last year, is that it's like people are interested in this and outrank is the best tool for that.
Omer Khan [00:34:49]:
So when people say SEO is dead, not only is that false, it's almost like doing good. SEO is more about content getting discovered. Whether it's on Google or Google's AI answers or LLMs, the fundamentals still apply.
Tibo Louis-Lucas [00:35:07]:
Yeah. So when an LLM replies, there's just two ways he gets information. It can be from its training data set, which basically is the web, and search queries, which is about SEO.
Tibo Louis-Lucas [00:35:22]:
So in any case, you need to be on the web, you need to increase your web presence, which is publishing blog posts, getting mentioned in other blog posts, and rank on Google, which is exactly what Outrank does all across the board.
Omer Khan [00:35:37]:
How do you stay focused when you've got a holding company and you're involved in so many different products? The conventional wisdom would be like, one product. Right. And go deep into that. Why did you choose this path and how do you do it in a way that makes you be as effective as possible?
Tibo Louis-Lucas [00:36:03]:
There is some focusedness in not being focused, which sounds a bit weird, I guess. So I'm not focused in the sense of working on one product. I have five different windows with five different agents doing some work for me. At the same time, I'm switching context every two minutes.
Tibo Louis-Lucas [00:36:32]:
So most of my days I'm completely burned out at the end of the day, so it's hard to follow.
Tibo Louis-Lucas [00:36:41]:
But I still have focus in the way that every single one of our products is talking to pretty much the same people, going through the same acquisition channel and trying to solve the same core needs, which is I'm focusing on small business owners and I'm trying to help them make money, trying to help them being more successful.
Tibo Louis-Lucas [00:37:05]:
That's it. And so I think the underlying thing that I'm relying on is human technology and how they run their businesses. And understanding this correctly is helping me on every single one of my products. And for me, that's being focused.
Omer Khan [00:37:24]:
Yeah, I can see this pattern. I don't know if it was intentional or not that you seem to be building one thing on top of another. Everything from what you described with those 10 or 11 products when you were like, I'm using the same backend.
Omer Khan [00:37:38]:
I'm just trying to do things through to having systems and playbooks on how you can repeat the SEO playbook.
Omer Khan [00:37:45]:
It seems to me like maybe from the outside it looks like all of this stuff going on, but really, I think the way I'm sensing your brain works is you're looking for repeatable systems that make you do the same thing for the same type of customer repeatedly. And do it well.
Tibo Louis-Lucas [00:38:05]:
Yeah, definitely. I think one of the hardest things is finding product market fits, which, by the way, is happening at the very beginning. So that's why many, many founders get stuck below the 1k per month revenue threshold, because it's hard to go about that without true product market fits. Which is sad, by the way.
Tibo Louis-Lucas [00:38:29]:
But if you unlock this 1k per month, it means that you have real value. You are shipping something that people find valuable in. If you go about that, it's really about systems that you can copy and paste from one app to another. And which is exactly what I'm doing.
Omer Khan [00:38:46]:
Most founders have been taught the lean startup type approach. Go and talk to 100 customers, validate your idea, then go and build something. Your approach is ship first, figure it out later. Almost. Right? So somebody who's listening to that, just explain a little bit. Like, how are you making sense?
Omer Khan [00:39:11]:
Because on the face of it, it just sounds like just throwing spaghetti at the wall. But I think behind that, you've done this enough times that you have a. You have a more intentional system behind what you're doing. Right?
Tibo Louis-Lucas [00:39:25]:
Yeah. I think the one core thing is when people are interested in something, they chase you, not the other way around. What usually happens when you have an idea is that you are trying to convince the guy that this is a good idea.
Tibo Louis-Lucas [00:39:45]:
He has objections, but you try to find answers to those objections and you try to convince. And then he forgets about testing your tool and you come back two days later and you follow up. Like you say, hey, did you find time to try my tool? Things like that.
Tibo Louis-Lucas [00:40:04]:
But when you get into something that is going to solve a real core issue for those guys, they are going to be the one chasing you, going into your DMs and asking, hey, this thing that you tell me about, is this ready? When can I try it? I really want that.
Tibo Louis-Lucas [00:40:23]:
And I think my job is basically to spot that, to find those ideas where those people just get their eyes bubbling up and desperately wants the tool that you promise. That's it.
Omer Khan [00:40:38]:
And the way you're doing that is by saying, will people pay for this before I spend serious time trying to, or wasting a year or two years trying to figure out if this is the right thing.
Tibo Louis-Lucas [00:40:52]:
Yeah, the way I do that is I tweet a lot. I see what resonates with people. I do MVPs. I try to put those MVPs into the hand of real people.
Tibo Louis-Lucas [00:41:02]:
And I see if they just try it once and that's it, or they get really interested and they tweet, start talking to me over dms and they ask for new things, stuff like that. I'm just like. I think.
Tibo Louis-Lucas [00:41:15]:
I think my job right now is like processing a lot of human conversations and trying to spot outliers, spots, the product that generates more attention compared to the baseline.
Omer Khan [00:41:29]:
I think sometimes it's difficult for founders who are going through that process to know that, because you don't realize what that traction looks like until you get the traction.
Tibo Louis-Lucas [00:41:42]:
Yeah, because they build only one product. And that was my mistake in the early days. I spent two years on one product. So it's very hard to know if the attention that you are getting is very average or very high or very low. How can I know? I get only one reference.
Omer Khan [00:42:02]:
And now, especially with vibe coding, you kind of don't really have that much of an excuse to not be able to put something workable fairly quickly in front of a customer and see if they'll pay for it.
Tibo Louis-Lucas [00:42:17]:
Definitely the issue might be that we will be creating a huge generation of unfocused people because of that. Because it's so easy to switch from one context to another and build basically one app per day. But we see it's going to be fun.
Omer Khan [00:42:34]:
Yeah, I always worry about. Also I wonder when I use it or sign up for some random product, I always wonder, is there anybody actually working on this, or was this some project that somebody built like a year ago and they forgot about it and they moved on to something else?
Tibo Louis-Lucas [00:42:48]:
Yeah, that's a very good point. That's the Google effect, by the way. Google killed so many products that at one point, some people were scared about using Google product because they might just get killed Someday.
Omer Khan [00:43:01]:
Yeah, yeah, Very true. All right, we should wrap up, so let's get on to the lightning round. I've got five quick fire questions for you. Ready?
Tibo Louis-Lucas [00:43:10]:
Okay, go.
Omer Khan [00:43:11]:
What's the common piece of startup advice that you disagree with?
Tibo Louis-Lucas [00:43:16]:
I think we've talked about that, but that would be the be focused. I'm definitely not a focused guy and I think it's a mistake to be focused on one single product for a long time. People need to build more. People need to ship more to get more reference of what's a good product.
Omer Khan [00:43:35]:
What's a great book that you've read recently?
Tibo Louis-Lucas [00:43:38]:
My absolute recommendation would be the Mountain because it's the book where it shifts your mindset from. I need to convince people that my idea is good to. I'm going to discover if my idea is good by asking the right questions.
Omer Khan [00:43:59]:
What's a lesson that you have had to learn the hard way?
Tibo Louis-Lucas [00:44:02]:
I think ego is your worst enemy. Doing things because it's going to make you look more important. The status game, basically trying to be important as a person. It makes you take the bad decisions.
Omer Khan [00:44:18]:
What is a tool or habit that saves you the most time?
Tibo Louis-Lucas [00:44:22]:
I would say build for me in the first place, like building the tools where I would be the user. It makes me save so much time because I'm providing the feedback. I know that at least hundreds of thousands of people are pretty much like me. So I'm not building for no one. I'm a random guy.
Tibo Louis-Lucas [00:44:47]:
So if I'm using the tool and I find it cool, many other people are going to find it cool too.
Omer Khan [00:44:53]:
And finding outside of your work, what do you enjoy doing?
Tibo Louis-Lucas [00:44:56]:
So I'm trying to learn how to fly a plane right now to get my private pilot license. I'm almost finished. I still have like seven hours to go to get my 45 mandatory flying hours, so I'm excited.
Omer Khan [00:45:17]:
You're almost there. That's cool. Atiba, thank you so much for joining me. It's been a real pleasure. If people want to check out TMAKER, I think they could go to TMAKER IO.
Tibo Louis-Lucas [00:45:26]:
Exactly. Yeah.
Omer Khan [00:45:27]:
And you can link off to all the products that we've talked about there and some more. And if folks want to get in touch with you, where do you hang out?
Tibo Louis-Lucas [00:45:34]:
Well, on TMAKER IO, there is my LinkedIn, my X accounts. I think my X account is where I'm the most active. And so if you want to DM me, that's the best place to go.
Omer Khan [00:45:48]:
Awesome. Thanks, man. It's been a pleasure and I wish you and the team the best of success.
Tibo Louis-Lucas [00:45:52]:
Have a wonderful day. Bye.
Omer Khan [00:45:54]:
Thank you. Cheers.

Sylvestre Dupont, Parseur
Sylvestre Dupont is the co-founder and CEO of Parseur, a platform that automates data extraction from emails, PDFs, and spreadsheets. The idea started with a side project in 2015. Sylvestre wanted to build a travel map that auto-updated from booking confirmations. He and his co-founder Sylvain, a senior Python developer he'd known for 25 years, saw a bigger opportunity: a general-purpose document parsing tool. They put up a landing page, ran Google Ads, and collected 50 email signups. That felt like enough validation. So they spent the next year heads-down coding. Full features, payment system ready, zero marketing. In December 2016, they launched on Product Hunt and Hacker News. Nothing happened. They emailed the 50 people from a year earlier. Two signed up and quit immediately. So they started from scratch on the marketing side. They began answering questions on Quora, genuinely helping people with document automation problems. That's where their first real customers came from. They also dropped the price from $49 to $9 a month just to get anyone to try it. What set them apart was simplicity. Competitors required users to write complex extraction rules by hand. Parseur let you visually highlight what you wanted. Setup took 10 minutes instead of two hours. That bootstrapped SaaS advantage - simple, self-serve, no sales call required - became the foundation of everything. Growth came slowly through SEO and a Zapier integration that converted at 20 to 30 percent. For the first five years, it was just the two of them. No employees, no investors, no board. Then AI changed the game. ChatGPT could do basic document parsing. VC-funded competitors like UiPath and ABBYY were spending hundreds of millions on AI. Sylvestre had to rebuild his entire product around machine learning - funding the transition from customer revenue, not investors. His bootstrapped SaaS strategy for survival: don't try to out-feature the giants. Be the tool that any business can set up in minutes without talking to sales. Simplicity as a moat, not technology. Today, Parseur generates seven-figure ARR with close to 1,000 paying customers in over 70 countries. A bootstrapped SaaS, still six people, still 100% founder-owned - and still growing.

Adam Fard, UX Pilot
Adam Fard is the founder of UX Pilot, an AI platform that helps product design teams create and ship great user experiences faster. In 2023, Adam was running a successful UX agency when ChatGPT and LLMs started taking off. He began experimenting with ways to apply AI to his team's design processes and built a Figma plugin that helped users work through UX frameworks and activities. Then during a user interview, someone asked a simple question: "I have all these ideas on my canvas, but can I turn them into something visual? Can I create a wireframe?" That question stuck with him. He started looking around to see if any tools could actually generate wireframes from text input. He found a few products claiming to do it. But when he tested them, he realized they were faking it. They were just swapping existing templates and personalizing the copy. None of them could truly generate a layout from scratch. There was a technical reason for that. Creating wireframes with AI was genuinely hard. So Adam started working on it himself. He explored fine-tuning LLMs, hired AI researchers, and tested component-based approaches. He spent four or five months iterating. Slowly, things started working. The outputs became stable enough to use. He added Figma integration so designers could bring wireframes into their existing workflow. Within six or seven months of that original user question, UX Pilot hit $10K MRR. But growth created a new problem. Adam hired too slowly. At $30K MRR, he kept questioning whether this was the ceiling. He added one engineer, waited, added another, waited again. Looking back, he says he should have hired five people at once instead of dragging out the process. Adam built a bootstrapped SaaS that now generates over $5 million in ARR with a team of 30 and over 15,000 paying subscribers. He proved that a bootstrapped SaaS can compete with well-funded competitors by focusing narrowly on one hard problem - AI wireframe generation for professional design teams - and shipping a code-first product that enterprise teams actually wanted.

James Ashford, GoProposal
James Ashford is the founder of GoProposal, a proposal and pricing platform for accountants which he bootstrapped and sold for an 8-figure sum. James didn't have a tech background. He wasn't an accountant. And he'd never built software before. But he noticed something broken: accountants couldn't price their services. They'd guess fees based on what the last client paid. Proposals took days. Deals fell through because people got busy. So he built a simple solution. A digital menu that let any staff member price and close deals in 15 minutes. The first version? A WordPress plugin that cost £4,000 to build. Before writing a single line of code, James did something unusual. He calculated how much money he needed to never work again (£5 million), identified the companies that might acquire his business (Sage, Intuit, Xero), and printed their logos on his wall. This wasn't optimism - it was his bootstrapped SaaS exit strategy from day one. To crack the accounting industry as an outsider, he traded 10% of his software company for 10% of an accounting firm. Instant credibility. Then he wrote a book in two weeks, made it an Amazon bestseller, and used it to build a waitlist of hundreds before launch. His marketing philosophy was simple: market like a celebrity chef. Gordon Ramsay shows you how to cook his recipes for free. You still go to his restaurant. James gave away everything - the methodology, the frameworks, the exact playbook. People still bought the software because they wanted it done faster. The bootstrapped SaaS approach forced creativity. When he realized a single conference cost £25,000, he hired a full-time videographer instead. Twelve months later, the pandemic hit. Competitors who relied on events were stuck. GoProposal dominated online. By the time he sold, GoProposal had over 1,100 customers, a 78 NPS score, and playbooks for every single process in the business. Three potential acquirers approached him within months of each other. The exit price? 8 figures. The multiple? One he still doesn't publicly share because it was "crazy."