Is it possible to become a one-person unicorn?
(e.g., to build the company that is worth $1B)
Let's do the figures.
1) Let's count for simplicity that project valuation equals to 10 Annual Revenues. That means that the annual income should be $100M, and monthly income is ~$8M
2) $8M means 400'000 clients paying $20/month.
3) 400'000 paying customers means 20'000'000 total users. (since average conversion is about 2%).
4) There are 5.5 billion internet users worldwide. So 20M users are 0.35% of the total audience.
So, probably, it is achievable to find a specific niche product for these particular 0.35% of the users that is possible to build solo. AI-powered solutions fits even better to this concept.
Let's do the figures.
1) Let's count for simplicity that project valuation equals to 10 Annual Revenues. That means that the annual income should be $100M, and monthly income is ~$8M
2) $8M means 400'000 clients paying $20/month.
3) 400'000 paying customers means 20'000'000 total users. (since average conversion is about 2%).
4) There are 5.5 billion internet users worldwide. So 20M users are 0.35% of the total audience.
So, probably, it is achievable to find a specific niche product for these particular 0.35% of the users that is possible to build solo. AI-powered solutions fits even better to this concept.