Date: July 2025
Team: 1 person (Product Manager/CEO)
Funding: Bootstrap/volunteer model
Product: Concept and strategy phase
- Schedule interviews with 10 quant developers
- Create interview questions about SDK pain points
- Research competitor user feedback (QuantConnect, etc.)
- Validate market assumptions
- Set up development environment
- Create basic OpenAPI parser prototype
- Generate simple Python SDK for Binance API
- Test basic functionality (auth, rate limiting)
- Write CTO volunteer opportunity description
- Post on open source communities, HackerNews
- Reach out to network for volunteer referrals
- Schedule initial contributor interviews
- Create project manifesto and vision
- Set up GitHub organization and repositories
- Establish communication channels (Discord, forums)
- Create contributor onboarding documentation
- Complete 10 developer interviews
- Basic technical prototype
- CTO candidate pipeline (5-10 candidates)
- Project manifesto and vision statement
- Analyze interview feedback
- Refine product strategy based on learnings
- Technical interviews for CTO
- Community outreach begins
- Hire CTO (offer made)
- Expand prototype to 2nd exchange
- Set up GitHub repository
- First contributor meetings
- CTO starts
- Community infrastructure (Discord, Twitter)
- Open source license selection
- Establish volunteer team structure
- CEO/Product Manager (volunteer)
- CTO (volunteer)
- Lead SDK Engineer (volunteer)
- Quant Platform Developer (volunteer)
- Developer Relations (volunteer)
- Python SDK generator for 3 exchanges
- Basic quant platform with backtesting
- Open source repositories live
- Documentation website
- 500 GitHub stars
- 50 beta users
- 100 Discord members
- 5 blog posts published
- Operational sustainability plan established
- 1 exchange partnership
- First paying customer
- $5K MRR
- Volunteer team model established
Monthly Costs: ~$500-1K
- Infrastructure: $300-500 (cloud, tools, basic services)
- Marketing: $100-200 (domain, basic tools)
- Operations: $100-300 (legal, accounting, misc)
One-time Setup Costs
- Legal setup: $2K (basic incorporation)
- Initial infrastructure: $1K (domains, initial tools)
- Branding/website: $500 (community-driven)
- Conference sponsorships: $2K (when revenue allows)
- Community incentives: $1K (swag, recognition)
Team Model: All team members work voluntarily, driven by passion for open source and shared equity in future success. Revenue sharing model for paid services.
- Working MVP: SDK generator + basic quant platform
- Initial Community: 50+ active beta users
- Team: 5 strong technical hires
- Validation: Clear product-market fit signals
- Revenue: At least 1 paying customer
- Low developer interest in interviews
- Technical complexity higher than expected
- Difficulty hiring quality engineers
- Slow community growth
- Exchange partnership challenges
- Finalize strategy documents
- Create launch plan
- Set up company basics (email, domain, etc.)
- Create developer interview script
- Reach out to 20 potential interviewees
- Start technical environment setup
- Write CTO volunteer opportunity description
- Post on open source communities
- Begin project manifesto creation
- First developer interviews (3-5)
- Continue technical prototype
- Community building research
- More developer interviews
- Technical prototype progress
- Week 1 retrospective and community feedback
- Twitter account with daily insights
- Technical blog on dev.to
- Engage in relevant Reddit communities
- No hype, focus on learning
- Show prototype to select developers
- Gather feedback, iterate quickly
- Start building email list
- First conference talk proposals
- Product Hunt launch
- HackerNews Show HN post
- Open source everything
- Press outreach to tech media
- Binance: Largest volume, must-have
- Coinbase: US market leader
- Kraken: Strong API documentation
- QuantConnect Forum: Where our users are
- r/algotrading: Active Reddit community
- Crypto Twitter: Influencer engagement
- TradingView: Integration potential
- Coingecko: Data partnership
- Messari: Research collaboration
- Developer interviews completed
- Technical prototype progress
- CTO candidates in pipeline
- Pitch deck completion
- GitHub stars
- Discord members
- Beta signups
- Team hires
- Monthly active developers
- SDK downloads
- Revenue (MRR)
- Customer count
- Start simple (1 language, 1 exchange)
- Use existing open source libraries
- Focus on developer experience over features
- Validate early and often
- Pivot quickly based on feedback
- Keep burn rate low initially
- Hire slowly, fire fast
- Culture fit as important as skills
- Remote-first from day 1
Why We'll Succeed:
- Clear pain point (SDK quality for financial APIs)
- Proven model (open source + services)
- Large market ($23.5B algorithmic trading)
- Unique approach (SDK-first with real-world showcase)
Focus for Week 1: Validation above all else. Talk to developers, understand their pain, and build only what they desperately need.
Document Version: 1.0
Created: July 2025 (Day 1)
Author: OpenXAPI Product Management
Next Review: End of Week 1