Just crossed $8M ARR at Rivo, 100% bootstrapped, solo founder, and profitable. Here's the numbers:
CONTEXT:
We're a retention platform for Shopify Plus working with brands like Comfrt, Ridge, Dr Squatch, True Classic, Chubbies, Thrive Causemetics, Princess Polly, Kitsch, Fenty Beauty, Portland Leather, Tuckernuck, and over 11,000 more.
NUMBERS:
↳ MRR: $667K
↳ Active Subscribers: 2,035
↳ Net MRR Churn down 51% in the last 12 months
LESSONS LEARNED:
- A lot of problems can be solved by simply improving the product
- Solely focusing on your ICP will build a better business.
- It is very hard to scale exceptional high touch support as your customer base grows at a fast pace. We now have an amazing team in place, with tuned processes, and are treating support as an extension of the product itself. (thank you to everyone for their patience as we worked through this growth, many more improvements on the way)
LFG :)