Kokakar: Billbooks' development was funded internally by his digital agency
Sagar Kokakar · BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped · Aug 10, 2020 · at 3:19
Sagar Kokakar, founder of Billbooks, describes how he funded the early development of the invoicing tool between 2008 and 2011.
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“I had a digital agency which was internally funding this product.”
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More from Sagar Kokakar
Kokakar: Billbooks converts 1% to 3% of free trials to paid
“It really depends, but like a typical it's an average SAS based. So it's one anywhere between one and three percent.”
Kokakar: Billbooks does not intend to raise outside funding
“I, yeah, we do not intend to raise money for bill books going forward. Hopefully I mean, never say never, but we've got a very firm kind of goal structure the product development structure that we have in place. And we kind of, we know that where we want to go…”
Kokakar: 50.9% of Americans will probably freelance by 2027
“Like for instance freelancing by 20, 27 about more majority, 50.9% of the Americans would probably venture into freelancing.”
Kokakar: Billbooks plans run $7.95–$29.95/mo, ARPU is $15–$20
“So our plans start from about seven 95 and they go on to about 29 95. It's still below the market price at the moment and an average customer would spend anywhere between 15 and 20 dollars.”