From $20k to $76k MRR in 4 months
Unveiling jaw-dropping MRR growth stories! From TagParrot's $211 to $4,669 in 5 months to aiCarousels' weekend idea to $4,006 MRR—plus Pallyy's solo journey from $20k to $75,769 MRR in just 4 months!
📗 Story of the Week
After 6 months of adding startups to our database, it's time to take a look at some of the most impressive MRR growth stories.
To start, TagParrot is a SEO indexing tool that reported an MRR of $211 in May this year. Fast forward 5 months and they have achieved a remarkable $4,669 MRR. That's an extremely impressive growth rate, especially considering that it usually takes outperformers an average of 5 months to hit $1,000 MRR.
Similarly, aiCarousels was able to reach $500 in MRR just a month after the idea was born on a weekend. A further 5 months down the line and they have reached $4,006 in MRR.
Another inspiring success story is Pallyy, a social media scheduling tool that reported an MRR of $20,000 in July this year. Astoundingly, just 4 months later they have grown to $75,769 MRR. Impressive, especially considering the founder was working alone the entire time. What these three businesses have in common is that they operate in large, rapidly-growing markets.
As our database continues to expand, we will be able to make these comparisons much more often. I'll be back with more updates on the progress of other businesses next week.
💰 Recent Acquisitions
Captime.app, the fitness tech company known for its CrossFit timers, recently found a new home with an acquisition price of $17,000. Despite pulling in a solid $700 in monthly recurring revenue (MRR), the relatively modest acquisition figure can be attributed to factors like the company's early-stage status, the competitive market, and potential growth challenges.
I believe the low price comes from scalability problems, given that the business launched in 2020 and, three years later, is still making $700 MRR. From my experience, if the business were only 6 months old and making $700 MRR, the founder would likely have secured double the selling price. This underscores the importance of rapid growth in the startup landscape. The valuation likely reflects the balance between current performance and the potential for future expansion.
📈 New Revenue Statistics
Captime.app: Launched in April 2020 with a monthly recurring revenue of USD 700, Captime app is a CrossFit timer that offers all workout timers for CrossFit and high-intensity interval training workouts.
Typeframes: Founded in May 2023 with USD 1,015 in monthly recurring revenue, Typeframes is a video and editor tool that enables users to create eye-catching product videos.
Shipfast: Founded in September 2023, Shipfast is a boilerplate that helps users turn their idea into production in 5 minutes with a one-time revenue of USD 50,578.
aiCarousels: Launched in March 2023 with a monthly recurring revenue of USD 4,006, aiCarousels is a social media content and visuals tool allowing users to craft visually engaging carousels for social media.
Supergrow: Founded in April 2023 with a monthly recurring revenue of USD 500, Supergrow is a social media tool that helps users generate content ideas, make eye-catching carousels, and more.
TagParrot: Established in January 2023 with USD 4,669 in monthly recurring revenue, TagParrot is an SEO software that helps users get their pages indexed quickly.
Centori: Launched in February 2019 with a monthly recurring revenue of USD 16,431, Centori provides SEO assistance to help users improve their rank and grow their business.
Pallyy: Founded in May 2021 with a monthly recurring revenue of USD 75,769, Pallyy is a social media management platform that allows users to manage and schedule social media posts.
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