22nd February 2025
We are at 10K users now and making $3,495 ARR.
New goal is to get to 500K users and look to get acquired. Currently interviewing some 'growth hackers' to help market the product. Met some really interesting people.
One dude for example, runs Instagram accounts for fun with his homies. Got 170K followers and 50k follower accounts on Instagram starting from 0 within 1-2 years. I think I will bring him on and give him some equity.
Finally got approval from Stripe and now major problem is 34% churn rate. Need to fix that ASAP.
Talked to another guy running similar site with 120k signups and 3-5k MRR and he says he's making SaaS like margin so 60%-90%. I am giving away a lot of free compute so I think in the future this type of margin is definitely possible.
Here is the current stats after two weeks of integrating stripe.
Yeah I don't know how i feel about these numbers. I think I am actually ok with the volume, but the churn rate was very surprising.
Anyways, I focused now on this goal of scaling it up. Should be fun. Hopefully I can do this relatively quickly.
Also just thinking of going all out on product development for like 1 month and LAUNCH BIGLY whilst the homies pump out Instagram and TikTok content.