The Tie generates monthly revenue well above its cash burn
Ben Latz · Wingman Hits $6k MRR, 24 Y.O Uses to Track Option Trades · Aug 27, 2020 · at 14:42
Ben Latz discusses the financial performance and profitability of cryptocurrency intelligence platform The Tie with Nathan Latka.
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“I mean, we are well above our cash burn per month.”
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“If a coin gets listed on Coinbase, you know, it's probably going to go up to 20 or 30%.”
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“Currently it's driving about 50% of breaking news in crypto comes from our tool.”
Latz would sell Wingman for $500,000 to take risk off the table
“If today, right now, if I was able to take all the risk off the table, you know, looking at something like 500,000, which I know is a high multiple to me, that would be like a reasonable number or where I say, okay.”
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Wingman generates roughly $6,000 in MRR with $49 per month pricing
“So the introductory price was 25 a month and just out of respect to people who sort of latched on early, you know, I'm happy to carry them forward. But yeah, right now it's just a 49 dollar tier or four 90 for the year. And yeah, so it's currently about 6000 M…”
The Tie leverages Twitter's firehose to calculate real-time crypto sentiment
“We're an official Twitter partner. So we leverage their fire hose and calculate real time investor sentiment on, you know, hundreds of cryptocurrencies. And we feed that we sell APIs to hedge funds and other market participants.”