Re:How much money are you earning from your software products?
by jonathanwallace on Sunday November 03, 2013 @02:47PM
(#6664684)
Watch out for patents in the US. I worked on a similar MVP for a client a few years ago and he did some patent research and did not move forward because of what he found.
Re:How much money are you earning from your software products?
by jamesmcbennett on Monday November 04, 2013 @06:05PM
(#6671836)
Good work dude!
The number isn't enough to support us in the US yet, but it excites us regardless because of its implications. Between the revenue and usage (weekly photo totals are consistently up and to the right) we believe we're on a reliable path to financial sustainability with this one:
Assuming ARPU stays at $50, we're earning 6 figures per founder (ignoring costs, just revenue) at just 333 customers, and we'll reach 7-figure earnings at 1,666 customers.
Those numbers are completely doable! God bless the economics of monthly recurring revenue, and DHH for spelling it out so clearly in his Startup School '08 presi (on YouTube). I can say without irony that that video has deeply influenced the course of my life.