The Ledger
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Competitor Proof ran Facebook ads featuring FOMO's customers and product
“Some of the other things they've done are like made advertised promotional videos with our customers in it, and then put tens of thousands on Facebook ads to promoting these videos. And if you watch the video, it's talking about proof, but in the video is our …”
Competitor Proof copied FOMO's entire terms of service word for word
“Proof, like copy pasted our entire terms of service word for word.”
NotifyApp was generating $15,000 in monthly revenue at acquisition
“No, it was actually around 15 K.”
FOMO peaked at $154k monthly revenue and generates just under $100k MRR
“It's just below a hundred. Our best month we did one 54. That was with the lifetime deal. Our best recurring only revenue month was like one 11.”
FOMO revenue stayed flat while cutting team from 12 full-time staff
“Yes, so the revenue at FOMO is, has been flat for a while, but our team was 12 people full-time at this time last year.”
Fork Equity generates roughly $1.6M per year in portfolio top-line revenue
“That's right. Around one point, yeah, around 1.6 a year.”
Fork Equity's course generates $7k to $8k monthly with near-zero effort
“Now this course has become its own portfolio project that makes seven, eight K a month. And we don't do anything, you know, like someone says, can you give me the spreadsheet template? That's our support. There's no bugs. There's no sales.”
FOMO.com was acquired for $105,000 using 10% debt from private connections
“We actually used debt to buy the FOMO.com domain. So we had the cash in the bank at the time, but I wanted to hire some new employees. I hired a marketer, hired a sales, this debt person, and I didn't want to blow it all on this.com. That was definitely just f…”