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I'm in the process of bootstrapping a SaaS. I'll say it's absolutely possible, or more precisely, it has equal chance as the programmer going it alone has. The simple reason being that the product is only a tiny piece of the puzzle.

I find the opposite question equally as valid. Why is it assumed that a programmer can bootstrap a successful SaaS alone?

To build an application, you need someone who can identify an opportunity (product market fit.... and that's harder than most would assume). Of course even if you have something customers want, you still often need to help them want it... so you need a marketing/sales guy.

Implementation is the last piece of the puzzle. I think these are completely different skill sets, and a successful company 90% of the time needs 2 or more people to pull it off.

The product is still the most important piece that you can't do with out. You might be able to get by without a marketer/sales guy, but without a product you're selling vaporware. All the other jobs can be done (poorly) by the programmer, but the reverse isn't true.

Just look at all those scams on kickstarter, the one thing they're missing is a viable product that an engineer can tell them is impossible.

Only extremely lucky people will get Steve Woz. Not every one is lucky.

What's your product ? . Please post updates. Your story would be a nice use case to watch.

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