The TinySeed Millionaire Rate is 43%.
Definition: Of @tinyseedfund companies no longer in operation (sold OR shut down), 43% of those founders are now millionaires.💰
This % will obviously change over time. It's still early, and the numbers are still small (~2% of companies have shut down. ~4% have sold).
But this is yet another reminder of how resilient and insanely valuable SaaS companies are.
Personally, I find this number incredible. Much higher than I would have expected, and it brings me nothing but joy knowing the lives that have been changed through entrepreneurship.
(cc @einarvollset)
Is AI actually making your work better or just average?
@robwalling and @ericries dig into Lean Startup 15 years on, his new book Incorruptible, and what it takes to build a company that lasts in episode 834👇
https://t.co/NwyRGCyuUT
@Bencera@marckohlbrugge This is not true. I’ve clicked unsubscribe six or seven times. I’ve had to block the entire domain with a Gmail filter and emails still somehow get through.
i've lost MRR since lowering my price from $99 to $19
Also, churn has gone up to almost 20%
i tried to be PJ Celis and failed
Something gotta change asap
@JustinFerriman Yup, not everything is worth that.
But personally, unless it was a side project (or “step 1 business” as I call them), I wouldn’t start a business that couldn’t charge at least $49 or 99/mo.
@hustlin_heev@celispj That’s great. Glad I’ve been more helpful than otherwise over the years 😉
Feel free to comment on my hair. Everyone else already has 🙄
@hustlin_heev It’s all good. I wasn’t trying to troll you, I actually like having yet another data point in support of my stance.
Glad you ran the experiment, cuz now you know 💪🔥
Welp, The SaaS Playbook just sold its 29,000th copy.📙
A huge thank you if you’ve purchased a copy, gifted or recommended it to a friend, or given it a shout out online.🔥
That is the #1 reason the book continues to sell, and I really, really appreciate it.🙏🏻
Since we’re a bunch of data nerds, here's the breakdown of copies sold by sales channel:
📚 35% - Amazon (paperback + Kindle)
🎧 26% - Audible
✨ 25% - Kickstarter
🖥️ 11% - Direct from https://t.co/I5PVb45HBr
🍏 1% - Apple Books
Top line sales are just under $400,000 USD. With the caveat that some of these platforms make it very difficult to tell how much you’ve sold (I’m looking at you, Audible 👀).
Reminder that:
📉 Amazon takes 30%
😱 Audible takes 75%
🤝 Kickstarter takes 8%
💳 Stripe takes 3% (for my direct sales)
And finally, the breakdown across formats:
🎧 43% - Audiobook 📖 29% - Print (paperback, hardcover) 📱 28% - Ebook (Kindle, PDF, epub)
Thanks again for buying, reading, and recommending. Y’all are the best ❤️
"I wish I could take a business vacation with 200 of my closest #SaaS founder friends," you say. "And I wish there could be a thermal lagoon involved." Wish granted: https://t.co/168hRbUGlQ