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Their wiki says they have ARR over 100m. Pretty impressive for a product that's 9 months old. 20x multiple is high sure, but hardly seems like friends giving fr

by bko 10mo ago

Their wiki says they have ARR over 100m. Pretty impressive for a product that's 9 months old. 20x multiple is high sure, but hardly seems like friends giving friends money for ... reasons

femiagbabiaka 10mo ago
My observation is that 100m ARR in this AI economy is impressive but not particularly rare. There's a lot of hype sales and WoM sales going on.
lokar 10mo ago
It’s not so hard to get ARR if you don’t care about margin.
- bko 10mo ago
  Cool, sounds like you discovered a life hack. Build something that can get $100m ARR while losing money, sell it, become billionaire. Build something that can get 1k users. No in fact, build something that can get 100 users! No offense, but you sounds like someone who has never actually had to build a business or product. It's hard to build something people use, even if its free. This isn't moviepass concept where they're literally selling $10 for $5, but even that's hard to sell! There are plenty of companies that try and fail to get tracking with moviepass economics.
  - 9cb14c1ec0 10mo ago
    If you are having problems attracting users, even when free, consider that maybe your product doesn't offer much value to them. I say this as someone who has bootstrapped a 7 figure software business.
    - bko 10mo ago
      Correct, it's very hard to provide value, which is my point. As someone who bootstrapped a 7 figure business, would you say getting to 9 figures ARR is easy as long as you don't care about margins?
      - 9cb14c1ec0 10mo ago
        Well, it helps I don't care about getting to 9 figures. As long as I make enough to live a comfortable lifestyle, I'm not going to sacrifice my family or my sanity to become some kind of unstable unicorn.
  - giancarlostoro 10mo ago
    > Build something that can get 1k users. No in fact, build something that can get 100 users! Sam Altman has entered the chat
judahmeek 10mo ago
The first R in ARR stands for "Recurring". A 9 month old company has no evidence to support a claim of any ARR.
- amunozo 10mo ago
  This is so obvious yet it totally got over me (and not only me, it seems).

by bko 10mo ago

Their wiki says they have ARR over 100m. Pretty impressive for a product that's 9 months old. 20x multiple is high sure, but hardly seems like friends giving friends money for ... reasons

femiagbabiaka 10mo ago

My observation is that 100m ARR in this AI economy is impressive but not particularly rare. There's a lot of hype sales and WoM sales going on.

lokar 10mo ago

It’s not so hard to get ARR if you don’t care about margin.

bko 10mo ago
Cool, sounds like you discovered a life hack. Build something that can get $100m ARR while losing money, sell it, become billionaire. Build something that can get 1k users. No in fact, build something that can get 100 users! No offense, but you sounds like someone who has never actually had to build a business or product. It's hard to build something people use, even if its free. This isn't moviepass concept where they're literally selling $10 for $5, but even that's hard to sell! There are plenty of companies that try and fail to get tracking with moviepass economics.
- 9cb14c1ec0 10mo ago
  If you are having problems attracting users, even when free, consider that maybe your product doesn't offer much value to them. I say this as someone who has bootstrapped a 7 figure software business.
  - bko 10mo ago
    Correct, it's very hard to provide value, which is my point. As someone who bootstrapped a 7 figure business, would you say getting to 9 figures ARR is easy as long as you don't care about margins?
    - 9cb14c1ec0 10mo ago
      Well, it helps I don't care about getting to 9 figures. As long as I make enough to live a comfortable lifestyle, I'm not going to sacrifice my family or my sanity to become some kind of unstable unicorn.
- giancarlostoro 10mo ago
  > Build something that can get 1k users. No in fact, build something that can get 100 users! Sam Altman has entered the chat

judahmeek 10mo ago

The first R in ARR stands for "Recurring". A 9 month old company has no evidence to support a claim of any ARR.

amunozo 10mo ago
This is so obvious yet it totally got over me (and not only me, it seems).