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I know all of these wonderful gentlemen and their businesses... how are you defining "rich"? In terms of personal fulfillment? At $500K - $1.1M in MRR per month
by LanceJones 10y ago
I know all of these wonderful gentlemen and their businesses... how are you defining "rich"? In terms of personal fulfillment? At $500K - $1.1M in MRR per month, nobody is getting rich here (just yet).
- maxxxxx 10y agoAre you kidding?
- LanceJones 10y agoAre you? Do you know anything about how large their teams are and what their total salaries run per month? The OP also makes the assumption that the CEOs are taking money out of the business (beyond salaries)... which is not how you build an early-stage SaaS business.
- maxxxxx 10y agoIf you have 1 million in revenue per month and you can't make good money from that then you are not running a real business in my view.
- rokhayakebe 10y agoMany readers here have an entirely different standard. To many $5M yearly recurring revenue or a $25M exist is a major failure and cause for embarrassment because you know they did not build a high 8 figure revenue business or have a 9 figure exit.
- beaconstudios 10y agoDepends on the costs - 1.1M MRR for a business with 500K in costs is definitely one that will make its founders rich. Even 1M in costs would make the founder rich by most people's standards.
- deleted 10y ago[deleted]