$1.5 Million in ARR
by Nick FogleWe hit another huge milestone this morning - $125,000 MRR / $1,500,000 ARR. We use the Baremetrics goal tracker and it always feels amazing when that progress bar hits 100%. We only have two major revenue goals left, so I think we're going to need to set some new goals!
Exactly 5 months after crossing the $1M mark, we've managed to add another $500,000 to ARR. Our main video service continues to post strong growth and revenue from our wavve.link offering has started contributing to revenue as well.
We've been pretty obsessed with customer retention for a while now, and after years of testing and optimizing our churn-fighting approach, it's really starting to pay off. There's no way we'd be where we are today if we hadn't taken steps to decrease churn by as much as we have.
Wavve's growth continues to exceed my expectations. Sometimes it's hard to believe that our little bootstrapped software business has grown into something so large.
Next stop, $2 Million ARR.
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Congratulations
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Thanks!
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Will investigate, but for me it says your revenue is $126k in the post 30 days. Not sure what @Natalie_H saw?
I made some fixes to the revenue script earlier this week. Well, at least hopefully I fixed things instead of breaking them :)
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This comment was deleted 5 years ago.
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This comment was deleted 5 years ago.
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Thanks!
Technically zero employees, but we have a few contractors who help with things like customer support, marketing, and occasionally product development. I know many companies prefer the traditional w2 employee-employer relationship, but we've found the 1099 relationship is better and more flexible to fit our needs.
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