Practical Founders Podcast

#159: Co-Parenting App Reaches $10M ARR Through Pure Bootstrap Growth - Vince Mayfield

5 snips
Aug 29, 2025
Vince Mayfield, cofounder and CEO of TalkingParents, discusses the journey of creating a co-parenting app designed to enhance communication between divorced parents. He shares insights on achieving over $10 million in annual recurring revenue through bootstrap funding. The conversation highlights the app's role in reducing conflicts and improving accountability. Vince emphasizes the importance of customer feedback in refining pricing strategies and evolving the company as it grows. He also reflects on the need for adaptability and lifelong learning in the startup world.
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ANECDOTE

How TalkingParents Started

  • Stephen Nixon brought an early, scrappy MVP from his house and proved demand by getting ~1,000 users.
  • Vince and Lewis rewrote it, invested ~$1M from BitWizards, and formed TalkingParents together.
ANECDOTE

Equity Split And Funding Mechanism

  • The founders structured equity as 33% each and TalkingParents repaid BitWizards for initial development.
  • BitWizards acted as discounted outsourced dev and funded early rebuild costs.
ADVICE

Monetize Early With Subscriptions

  • Switch to a subscription model instead of relying on ad revenue when unit economics fail.
  • Build mobile apps and charge customers for clear value to make recurring revenue scale.
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