We got a little bootstrapped project, got to 10K MRR (took us a couple of years, more than 1000 paying users). We had nice growth until break even (we are very frugal and have other sources of living income, such as day jobs for the devs / past exits of the founder so burn rate is just about $10K), but now it's kind of plateauing. And we don't know why.
10K MRR is not enough to allow hiring more developers, but it's also not negligible.
The biggest issue is that we don't want to raise money, (and not sure with these stats we'll get any good deal out of any investor).
An even bigger issue is that we can't afford help, even a support person will move us back to losses.
The CEO is the angel funder, and we are trying to take it to the next level. Any suggestions? when do you turn your back to a nice lifestyle SaaS that makes more than $10K MRR?
How do we take it to the next level?
10K MRR is not enough to allow hiring more developers, but it's also not negligible.
The biggest issue is that we don't want to raise money, (and not sure with these stats we'll get any good deal out of any investor).
An even bigger issue is that we can't afford help, even a support person will move us back to losses.
The CEO is the angel funder, and we are trying to take it to the next level. Any suggestions? when do you turn your back to a nice lifestyle SaaS that makes more than $10K MRR?
How do we take it to the next level?