Re:Three Months to Scale NewsBlur
by amix on Sunday March 17, 2013 @09:28PM
(#5391877)
With currently only 3400 paying users it's only 80K pr. year of revenues (and the profits are probably much lower). It's still far from a good business and this kind of money does not have any kind of guarantees.
[ Parent
| on HN ]
> "Since the announcement, NewsBlur has welcomed 5,000 new premium subscribers and 60,000 new users (from 50,000 users originally)".
That's at least $200,000/yr with high margins.
That math doesn't seem to work out. 5000 subscribers * 24 (dollars/year)/subscriber = $120,000/year.
5,000 new subscribers...
3400 is only the number of new paying users in the last 24 hours.
The amount of annual income from this product will now end with "million".
Oh, wow. I had not realized that number was the DAILY signups...
revenue, not income - he's going to have high server costs now and if he wants to keep this scaling up, i suspect he'll need to bring on another person soon. at the very least, a customer service rep.
still should easily net him a nice recurring six figure salary.
Currently adding over 4k paid users per day.
He reaches $1 million at just over 40k paid users.
Factor in the userbase he's already been building for 4 years, the hundreds of thousands of Google Readers currently leaving, the millions that will need to find a replacement before July, and the last-minute movers on July 1st.
I don't think server costs and a couple of employees will put him below a 7 figure income.