Re:The New American Micro-SaaS Dream
by igammarays on Monday July 04, 2022 @08:32PM
(#31983088)
And let me add, I've never heard of a bootstrapped startup taking less than 7 years to reach $1MM ARR, with many years of dirt poor earnings. You're likely to get to a million faster with a FAANG job with stock options if you're good at interviews.
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> I've never heard of a bootstrapped startup taking less than 7 years to reach $1MM ARR
Mine took about 2 years, from 2000-2002. I finally sold it last year so I won’t mention the name, but I’ve been doing the four hour work week since 2001. I sold an eBay-related service during the bottom of the first dot com crash. No one else was willing to charge for access to a web service at that time except maybe Wall Street Journal.
Some bootstrapped examples.
Lemlist is doing $10m, only 3.5 years after launch.
https://blog.lempire.com/from-0-to-150m-valuation-in-3-5-yea...
Plausible got to $1M in 4 years.
https://plausible.io/blog/open-source-saas
Hey (email) did $5m in first year of launching service.
https://www.theverge.com/2020/6/16/21293156/hey-email-servic...
There’s a bunch others.
Hey was created by Basecamp.
Sort of the opposite of a startup.
Aren’t bootstrapped companies in general the opposite of a startup?
Their point is that Hey was a new product by an established company (20+ years in), not a new company at all.
No, every company was a startup regardless of initial funding
Re:The New American Micro-SaaS Dream
by reillychase on Tuesday July 05, 2022 @09:49AM
(#31988159)
Lots do it actually, mine took 3 years to go from $0-$1M ARR