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A message to my team in our All-Hands at the start of 24Q2:
<aside> 💬 In Dec 2022, we had net cashflow (burn) of -$133,779.24 with $923,896.49 in the bank. That’s 6 months runway: 6 months until we went bankrupt.
In April 2023, we’d reduced that to net -$81,537.58 with $563,183.17 in the bank. But again, 6 months runway, 6 months to live.
In June 2023, we’d flipped that that to be net +$2,631.75 — we became cashflow positive! Big deal. Shockingly rare :) We had small positive cashflow, until the end of October 2023, when we started growing v profitably and v quickly.
In Dec 2023, our bank balance went up +$105,391.03 — unlike almost all other startups (who burn more money than they make), we become strongly profitable.
In March 2024, our bank balance went up +$505,769.95 — truly extremely rare in startup land. We are not reliant on external benefactors (investors). We ourselves are in charge of our fate.
I remember right at the start, launching the product in June 2021, when we had 0 customers and $0 MRR. One year later, in June 2022, we’d grown to $11,707 MRR but were struggling.
We made many changes and 15 months later, in Sept 2023, we had $125,737 MRR.
As of April 22nd 2024, we’re now on $1,257,656 MRR with very strong financial foundations, serving 3,664 active fellas.
Let’s keep our heads-down & keep building. We have a long way to go and a lot more to do. All our work is ahead of us.
1 million fellas by the end of 2026 💪
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