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301: Podscan, One Month In (MRR, Expenses, Marketing Tactics)
The Bootstrapped Founder
Early Business Metrics and Challenges
Within the first month of the business venture, Potscan attracted over 400 users, with 10 paying subscribers generating $300 in monthly recurring revenue. The platform also has hundreds of users on a trial, with only 50% actively using it. Despite some revenue, the venture is not profitable yet due to high costs involved in machine learning and AI systems for transcribing podcasts.
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