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Startups that have hit more than $1K MRR in about 12-24 months

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Re: Startups that have hit more than $1K MRR in about 12-24 months

#21

Post by upen946 »

an_opabinia wrote: post #9
upen946 wrote: post #2

Open Startups data with revenue, launch date & social media follower count. Probably can find some pattern? Or some suggested ideas to replicate success? Or find a niche?

Without external audits, there's no reason to believe any of the startups on this list are giving real numbers. In addition, third parties like analytics SDKs or payment processors, which in principle have the capability to easily audit usage and financial data, seem to never do this business. Then there are non-primary-data-source firms like SensorTower and AppAnnie. They are always reactive to (not predictive of) "…

99% of this list is verified and trusted. These are not self published revenues on the blogs. This data is coming verified via stripe, paddle, baremetrics etc.

So, I would say this data is real.

But only point to note is the figures are without expenses deducted. Not profits. But only revenues.

Re: Startups that have hit more than $1K MRR in about 12-24 months

#22

Post by upen946 »

Edmond wrote: post #20
sho wrote: post #6

Wow. There's a lot of projects here that must have taken a lot of work - and look really good - but the MRR is just dismal. There's one there that's pretty close to a side project of mine - not even a grand. Somewhat offputting. Does this mean that many of these projects could stand to put a lot more effort into sales? Would that make a reliable difference? Or is it really just this hard? Or a bit of both? I feel lik…

Or it could just be that so many of them are fishing in the same pond? A lot of them seem like run of the mill productivity software, it is a crowded market with big incumbents. The ones with unique offerings may just be too marginal to garner a large enough customer base, business customers ultimately want full feature suite products.

I think the reverse is true in current days.

Run of the mill doesn't work anymore I guess. Most products now needs some unique features or build something for a niche.

Re: Startups that have hit more than $1K MRR in about 12-24 months

#24

Post by bryanrasmussen »

sho wrote: post #6

Wow. There's a lot of projects here that must have taken a lot of work - and look really good - but the MRR is just dismal. There's one there that's pretty close to a side project of mine - not even a grand. Somewhat offputting. Does this mean that many of these projects could stand to put a lot more effort into sales? Would that make a reliable difference? Or is it really just this hard? Or a bit of both? I feel lik…

>There's one there that's pretty close to a side project of mine - not even a grand.

I mean quite a few are significantly more than a grand, and there are a few that if I got that much for my side project I think it totally makes sense to go for it.

Re: Startups that have hit more than $1K MRR in about 12-24 months

#25

Post by upen946 »

tiborsaas wrote: post #23

How is the MRR amount obtained? Are these all open startups?

Yes. This is all real data. No false data. All data taken from various sources like their stripe, paddle, baremtrics data.

Only thing to note is - this is before expenditure deduction.

Its revenue. Not profit. But with most of these typically sass and lean startups, I would say 80%-90% would be profits, may be.

Re: Startups that have hit more than $1K MRR in about 12-24 months

#26

Post by upen946 »

muratsu wrote: post #18
an_opabinia wrote: post #9

Earlier quoted context omitted.

Without external audits, there's no reason to believe any of the startups on this list are giving real numbers. In addition, third parties like analytics SDKs or payment processors, which in principle have the capability to easily audit usage and financial data, seem to never do this business. Then there are non-primary-data-source firms like SensorTower and AppAnnie. They are always reactive to (not predictive of) "…

If you think how games are similar to music and movies, you can see a similar pattern on Steam. Money can to an extend guarantee top quality production but you still need "entertainment/wow" factor from the movie/game/music.

Right, money can bring in the top quality. But media/gaming still needs that wow factor.

Re: Startups that have hit more than $1K MRR in about 12-24 months

#27

Post by throw03172019 »

sho wrote: post #6

Wow. There's a lot of projects here that must have taken a lot of work - and look really good - but the MRR is just dismal. There's one there that's pretty close to a side project of mine - not even a grand. Somewhat offputting. Does this mean that many of these projects could stand to put a lot more effort into sales? Would that make a reliable difference? Or is it really just this hard? Or a bit of both? I feel lik…

Depends on what the price point is. I don’t think it makes sense to do sales for a product under $49-99/mo. Huge time sync. Better off marketing self service and scale from there.

Re: Startups that have hit more than $1K MRR in about 12-24 months

#29

Post by upen946 »

bryanrasmussen wrote: post #24
sho wrote: post #6

Wow. There's a lot of projects here that must have taken a lot of work - and look really good - but the MRR is just dismal. There's one there that's pretty close to a side project of mine - not even a grand. Somewhat offputting. Does this mean that many of these projects could stand to put a lot more effort into sales? Would that make a reliable difference? Or is it really just this hard? Or a bit of both? I feel lik…

>There's one there that's pretty close to a side project of mine - not even a grand. I mean quite a few are significantly more than a grand, and there are a few that if I got that much for my side project I think it totally makes sense to go for it.

In my view, if someone is indie hacking first time and still makes about $400-$500MRR in 12 months, its still a success.
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