After five failed products, this founder quit his job and hit $7.5k/mo
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Re: After five failed products, this founder quit his job and hit $7.5k/mo
#2> Bootstrapping a B2C tool is hard because LTV is lower...
Can anyone speak more to the LTV (loan-to-value [0]?) metric: Does a founder want a lower or higher LTV? It seems lower is better unless the goal is to be more leveraged.
Re: After five failed products, this founder quit his job and hit $7.5k/mo
#3> Bootstrapping a B2C tool is hard because LTV is lower... Can anyone speak more to the LTV (loan-to-value [0]?) metric: Does a founder want a lower or higher LTV? It seems lower is better unless the goal is to be more leveraged. [0] https://www.investopedia.com/terms/l/loantovalue.asp
In this case they mean LifeTime Value of a customer. I.e. How much revenue do you expect per user.
Re: After five failed products, this founder quit his job and hit $7.5k/mo
#4> Bootstrapping a B2C tool is hard because LTV is lower... Can anyone speak more to the LTV (loan-to-value [0]?) metric: Does a founder want a lower or higher LTV? It seems lower is better unless the goal is to be more leveraged. [0] https://www.investopedia.com/terms/l/loantovalue.asp
In this case they mean LifeTime Value of a customer. I.e. How much revenue do you expect per user.
Thank you
Re: After five failed products, this founder quit his job and hit $7.5k/mo
#5A Reddit spam tool makes $90K per year ($60K ARR, $30K one-time payments), split 50% with “a larger partner.” The founder’s prior salary was $84K, so with the revenue split and cost of operations, the business is not yet recouping its costs.
This is pretty low-grade content marketing. If his spam tool was good (to whatever degree spam tools can be good) he’d be making a lot more money.
Re: After five failed products, this founder quit his job and hit $7.5k/mo
#6A Reddit spam tool makes $90K per year ($60K ARR, $30K one-time payments), split 50% with “a larger partner.” The founder’s prior salary was $84K, so with the revenue split and cost of operations, the business is not yet recouping its costs. This is pretty low-grade content marketing. If his spam tool was good (to whatever degree spam tools can be good) he’d be making a lot more money.
Headline could very easily be "After five failed products, sixth is going okay."
Re: After five failed products, this founder quit his job and hit $7.5k/mo
#7People praising reddit spam bots these days.
Sign of the times I suppose.
Re: After five failed products, this founder quit his job and hit $7.5k/mo
#8I guess he’s proud of ruining a human-to-human platform? Alright?