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

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

#111

Post by algo_trader » Tue, Nov 10, 2020, 12:56 PM UTC

corry wrote: post #48

segmondy wrote: post #37

$1k MRR is nothing to brag about. Seriously, we need to start aiming much higher. If this was "My 1hr a day side project hitting $1kMRR in 12months", then it's impressive. But I often see these non side projects and I just want to voice that it's absolutely not impressive. If you started a business mowing lawn, cutting hair, you better be way past $1K revenue in 6 months. If you're fully committed to building a start…

I had the same initial reaction. A SaaS product taking that long to get to $10K ARR is not exciting from an ambition perspective - maybe from a side-project POV, though, it would be. While the traditional VC yardsticks* are both way too reductionist AND now well out-dated, they at least provide a rough sense of how good of an opportunity you have. * I've heard these are the perquisites for VC SaaS funding rounds (not…

> $10k MRR for Seed, $100k MRR for Series A, $500K - $1M MRR for Series B.

If u are at $10K/month, you are probably at break-even or ramen profitable or whatever.

A $500K seed, $3M valuation, in a central tech hub - that seems kind of low to me ?

> they are likely much higher now

Surely the bar has gone DOWN ? With many more options? Maybe your growth rate can really change the valuation?

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

#112

Post by spell-slinger » Tue, Nov 10, 2020, 1:30 PM UTC

bkovacev wrote: post #32

In a sea of startups/products, where everything feels as if it is already created - how does one come up with a product idea? I feel that every problem I try to tackle is not a real problem. It’s a vitamin and not an ibuprofen. The real problems already have a solution - which means that I’d need to spend a few years and a few hundred thousand dollars to just get a chance to maybe make a profitable product.

> I feel that every problem I try to tackle is not a real problem. It’s a vitamin and not an ibuprofen.

Maybe you should push forward with the problems you want to tackle. Vitamins sell. A lot.

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

#113

Post by thursday0987 » Tue, Nov 10, 2020, 7:31 PM UTC

shard wrote: post #104

thursday0987 wrote: post #77

my investment property, a residential duplex in the midwest, has a better MRR than most of these. total cost? a month of my time looking at houses and negotiating, which i enjoyed, and about 45k downpayment. plus i get all the tax writeoffs that property ownership brings. most of these "startups" seem like more work than they are worth.

You bring up a few good points with your post. First is that expenses are crucial in helping to determine how the company is doing. You might have mortgage and maintenance expenses that put you in the red, despite your greater than $1k MRR. Same with the startups in the list. Second, the growth potential: your real estate business has a fairly well understood long term revenue growth profile, assuming it is located i…

oh, no. i actually net 1150 in profit each month, including all expenses, capex, and savings for emergencies.