Tint aims to reach $7.5M in cash revenue in 2017
Tim Sae Koo · 833: SaaS: Almost Broke, Pivots 2013, Now $5m+ in ARR in Social Hashtag Tracking Space · Nov 4, 2017 · at 8:49
Tim Sae Koo outlines Tint's 2017 revenue growth targets for the bootstrapped SaaS company.
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“The goal is to get to right around seven and a half million in revenue. So last year we got around six. So we're trying to grow that just a little step up.”
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More from Tim Sae Koo
Non-monetized consumer apps in 2013 needed 10M users to raise
“The simple rule of thumb was that if you wanted to raise more money because you didn't have a revenue model, you needed to at least hit around ten million users at that time to even make some sort of impact or dent to give yourself enough eyeballs to monetize …”
Tim Sae Koo decided not to raise further outside funding
“That's why I've made the cognizant decision and conscious decision to not raise outside funding.”
Tint generated $6M cash revenue and $5M ARR in 2016
“The cash basis would be about six million. The AR would be right around five million.”
Tint currently generates $5.5M in annual recurring revenue
“So right now, the AR side would be right around like five and a half ish. So that gives you some so I'm saying like five and a half AR five, 5.5 million AR in the right now.”