Pinboard's numbers* were just realeased, and that made me curious. How many of us currently run a single-person company? By company, I mean something that generates (or is intending to generate) revenues. Side projects count.
Three thing I'm most curious about - growth in user base, revenues & profitability over the years.
If you can share numbers, that would be fantastic.
*https://news.ycombinator.com/item?id=12059965
It started a side project on here: https://news.ycombinator.com/item?id=8107222 and then grew over the last 2 years.
2014: ~$50k 2015: ~$200k 2016: ~$400k
Also traffic also doubled every year, so revenue is tied pretty closely too that!
This also includes about $7k/m from my remote jobs site which is also tied to Nomad List: http://remoteok.io.
It's now a cost of living and city database with 1,000+ cities, and monetized with a 10,000+ people membership community of digital nomads, remote workers and general travelers. They pay $75/year to be a member (not everyone is recurring, I just started with that)
I haven't had a lot of costs as most of it I do myself. Although it's been very hard work, especially in the beginning before I automated everything. I do have to charge 21% sales tax, and Dutch tax is relatively high but I've just opened a Ltd. so it'll be less now.
The hardest part? I think early on capturing a new market quickly, keeping it while lots of competitors (including funded ones) keep coming in again and again and try to copy everything you did but do it better. And then hopefully don't get traction, haha. Also dealing with the hate you get when you charge for an online service requires you to grow a thick skin.
It's mostly been an extremely fun experience though and I'm really happy and proud of what I made ^_^
P.S. I've been lurking on HN since 2010, that made me learn to code seriously and build stuff. I'd read patio11's posts and was super inspired. So I'm really thankful that HN existed and helped me get here.