Page 19 - The 7 Day Startup: You Don’t Learn Until You Launch - PDFDrive.com

my first paying customer that day.

In the first week, I signed up 10 customers. This resulted in $476 of recurring
monthly revenue, which was the exact amount I’d worked up to during the
previous twelve months with Informly.

This may not sound like much, but my excitement was through the roof! This
was the one and people were voting with their wallets. WordPress issues are an
annoying problem that people are prepared to pay for. It was a monthly recurring
service in a big market that I knew could scale into something significant.

Within twenty-three days I was covering costs and within a month my San
Francisco-based co-founder Alex had joined me. Thoughts of moving to get a
job were a distant memory.

Each month we grew by around 15% because people started proactively
spreading the word. After 13 months we had 475 customers and were making
over $33,000 in monthly recurring revenue (MRR). Just as important for me, I
had blown past my $100,000 annual wage.

After one year, WP Curve was far ahead of where my agency was after seven.
We had twice as many customers, twice the revenue, more staff, a stronger team,
lower costs, a simpler business model, happier customers, and four times more
profit.

Most importantly, it was a real business. A high growth startup in a big market
with a lot of potential. We are still growing at 15%+ per month. After fourteen
years, I’d finally realized my dream of being an entrepreneur running a high
growth startup.

It only took 7 Days.