And what is MRR? The original link doesn't seem to define it.
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
#12And what is MRR? The original link doesn't seem to define it.
Monthly Recurring Revenue - aka subscriptions.
Re: Startups that have hit more than $1K MRR in about 12-24 months
#13And what is MRR? The original link doesn't seem to define it.
Monthly recurring revenue
Re: Startups that have hit more than $1K MRR in about 12-24 months
#14And what is MRR? The original link doesn't seem to define it.
Oops... MRR - Monthly Recurring Revenue (before expenses typically)
Re: Startups that have hit more than $1K MRR in about 12-24 months
#15And what is MRR? The original link doesn't seem to define it.
I think it is Monthly Recurring Revenue.
Re: Startups that have hit more than $1K MRR in about 12-24 months
#16Wow. 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…
People always say "A bad product still survives with good marketing but a good product can't survive with bad marketing" May be correct that a good salesperson could make a diff. Would love to hear the product that came close to your side project. Interested to know.
Sure! Sheet2api is sort of thinking along the same lines (but different enough, don’t worry, founder...)
Not even close to launch but think data transformation & automation, but for BAU, not analytics. So yeah automatic APIs is part of it.
Re: Startups that have hit more than $1K MRR in about 12-24 months
#17Earlier quoted context omitted.
People always say "A bad product still survives with good marketing but a good product can't survive with bad marketing" May be correct that a good salesperson could make a diff. Would love to hear the product that came close to your side project. Interested to know.
Sure! Sheet2api is sort of thinking along the same lines (but different enough, don’t worry, founder...) Not even close to launch but think data transformation & automation, but for BAU, not analytics. So yeah automatic APIs is part of it.
Interesting. I built https://siteoly.com - Build websites from Google sheets and it got good traction with happy paying customers.
In fact I used Siteoly to build this page.
Would be happy to help if you need. You may reach me on Twitter too at https://twitter.com/upen946
Re: Startups that have hit more than $1K MRR in about 12-24 months
#18Open 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) "…
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.
Re: Startups that have hit more than $1K MRR in about 12-24 months
#19Wow. 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…
Is it not also possible that there simply aren't many people who want to pay for things, but will happily use it for free?
There are different models. For example tools like social media automation or website builder, in a free plan they display the actual product url. So sometimes, free plan also bring in users and some of them can turn into paid customers.
Re: Startups that have hit more than $1K MRR in about 12-24 months
#20Wow. 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.