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FormulaBot

5 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Feb 11, 2024 by David Bressler · said 7 times in 1 episodes since 2024 · across every show →

Mentions by year

brought up most by David Bressler (7)

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2024 7 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about FormulaBot, oldest first

Feb 11, 2024 positive
Assertion Not checkable as stated
FormulaBot hit 750,000 users, 5,000 paid subscribers, and $26,000 MRR
“The application has been around for about a year and a half, and during that time, there's now roughly about 750,000 users. And of those seven, 550 K, there's about 5000 people that pay for unlimited access to tool. And during that time, it's reached about 26,…”
David Bressler Feb 11, 2024 ▶ 1:56 I Built a $1M AI App [No Code]
Feb 11, 2024 positive
Disclosure
Bressler did free spreadsheet work on calls to get user feedback
“Even if they're not a paying customer, I'm going to Take this, but guess what? I'm going to do it with you on a phone call and I'll do your work for you. But every time I do it, they have to hop on a call with me and they have to ask questions about what they …”
David Bressler Feb 11, 2024 ▶ 11:08 I Built a $1M AI App [No Code]
Feb 11, 2024
Disclosure
FormulaBot shifted from 100% Bubble no-code to just 5-10% no-code
“At that time, the whole app was in bubble. It was a hundred percent no code. Probably up until maybe four or five months ago, it went from a hundred percent no code to now it's about, I would say, like five or 10%.”
David Bressler Feb 11, 2024 ▶ 5:18 I Built a $1M AI App [No Code]
Feb 11, 2024 neutral
Assertion Not checkable as stated
FormulaBot sees 5% churn, with 10% of churned users leaving for ChatGPT
“I have about five percent churn. 10% of the reason as to why people churn is because of ChatGPT.”
David Bressler Feb 11, 2024 ▶ 14:12 I Built a $1M AI App [No Code]
Feb 11, 2024
Assertion Not checkable as stated
FormulaBot racked up $5,000 in OpenAI API costs in a few days
“I blew through like 5000 dollars in open AI API costs in days.”
David Bressler Feb 11, 2024 ▶ 7:57 I Built a $1M AI App [No Code]
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