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While $50,000 a month is nice revenue, a growth rate of 9% month over month does seem quite low. Was the majority of the $50,000 front-loaded? I'd really be cur
by nodesocket 12y ago
While $50,000 a month is nice revenue, a growth rate of 9% month over month does seem quite low. Was the majority of the $50,000 front-loaded? I'd really be curious to hear what market they are in? Seems hard to believe given their pedigree (YC), monthly revenue 50K, and lean team (8 people), they can't find a VC to bite.
If they are charging monthly, what about blasting all paying customers with an upgrade to yearly promotion (20% off). That would bring in a lump sum of cash upfront which should provide additional runway.
- kenferry 12y agoI was surprised that 9% month over month growth rate is a bad number, given numbers in http://www.paulgraham.com/growth.html http://www.paulgraham.com/growth.html. I suppose the difference is "during YC" vs "leading up to a Series A"? What are good numbers?
- dchuk 12y agoWell pg is talking about weekly growth, not monthly: "A good growth rate during YC is 5-7% a week. If you can hit 10% a week you're doing exceptionally well. If you can only manage 1%, it's a sign you haven't yet figured out what you're doing."
- kenferry 12y agoOop, yep, thanks!
- applecore 12y agoFounders should aim for 15%+ monthly growth in MRR if they want to raise a Series A within a reasonable time after raising seed capital.