Founder of
@theformulabot
. Startup idea junky, sharing ones I donโt have time for. My car is in the T-Pain โIโm in love with a stripperโ music video
Yesterday, my app went viral.
This post generated 2.5M views ๐คฏ
As expected...
Signups increased significantly. ๐
Not as expected...
Churn also increased significantly from users that hadn't used the app in months, but were reminded of it from this post.
Now that my college basketball career is over, I'm excited to share with you what I'll be doing next...
Partnering withย
@theformulabot
- the AI-powered data analyst that helps you work faster & smarter with data. It can convert your text to data analysis, visualizations & more.
This will be my last
#buildinpublic
post.
Too many competitors (12+) blatantly copying my site, messaging, pricing, marketing tactics, etc.
Most of the founders follow me on Twitter.
It pushes me to do better every day.
Hereโs my last MRR a update.
Hopefully inspires someone
@damengchen
Few tips:
- only run in markets where you get most of your subscribers
- A/B test landing pages
- constantly work towards getting your quality score to 10 to reduce CPCs
- start with exact and phrase match searches only
- run search on the Google search only, donโt open up to
I didn't get into YC.
I'm 35 with a wife, two kids in school and I live 2,800 miles from San Francisco.
I didn't get it because I didn't apply.
Priorities change when raising a family. I'm simply not in a position to move away from my family for three months. I've put them
I know
@blakeaburge
is known for simplifying Excel.
I also wanted to simplify Excel, so I built - an AI tool where users input a problem and it provides you with the Excel formula.
Give it a try and let me know what you think!
I resigned from my comfy, well-paying senior leadership position to focus on my startup -
@theformulabot
.
Yesterday was my last day.
Coincidentally and unplanned, today marks the one year anniversary of officially launching my startup.
The past year has been incredibly
There's apparently a lot of people looking for AI clothing remover apps.
There's also apparently no competition for this category, with a keyword difficult ranging from 0 to 3.
I saw this and immediately purchased .
AMA
My startup was listed for sale a year ago.
My weekend project of an AI SaaS Excel formula generator made $50K in revenue in just five months.
I wanted to sell it because I thought it would fail and go to zero. Selling for a few hundred thousand dollars would have done wonders
When my MVP launched, it was a simple one-feature product priced at just $2.99/month, with an LTV of $27.
Since then, Iโve shipped new features weekly, increasing its value to customers.
This has enabled me to raise the price multiple times.
Just this week, after introducing
Last week, seven VCs contacted me.
It came out of nowhere. A VC hadnโt contacted me in months and up until then, it had only been a few.
I couldnโt figure out what happened. I thought it was a strange coincidence.
Then, I was informed that
@theformulabot
was considered one of
I lost several years of my life working a full time job and building a startup at the same time.
I quickly got those years back in just a few months after I left my job to solely focus on my startup.
If youโre double dipping right now, especially if youโre raising a family, I
a bootstrapped startup with $30k mrr only qualifies for $1k in aws credits
a venture backed startup thatโs pre-revenue qualifies for $100k in aws credits
plz tell me why
Glad I wasnโt the only one curious to know Arya Starkโs (Masie Williams) age after that episode of
#GoT
.
In case you were wondering, sheโs 18 in the show and 22 in real life.
Here's a growth hack that no one will tell you about because it's kind of ****ed up.
Optimize your business towards getting more visitors from the US.
Why? Your unit economics are going to be better in the US compared to every other country.
My signup to subscribe rate is
@IjeomaCynthiaa
Start with Excel. โStatisticsโ is a bit broad, but certain aspects should be prioritized after Excel. Add in DataStudio as a data viz.
Today, itโs expected from a data analyst to also learn automation, putting emphasis on Excel and Python.
Great roadmap!
You might have wondered "how did I get here?".
Last night, I discovered that the site theresanaiforthat dot com creates a new webpage every time there's a new keyword submitted in the site's internal search.
For example, if I input "formula bot is the best," then a new webpage
There's apparently a lot of people looking for AI clothing remover apps.
There's also apparently no competition for this category, with a keyword difficult ranging from 0 to 3.
I saw this and immediately purchased .
AMA
business in the front
party in the back
sharing a room with the kids
the life of a solopreneur dad that is locked into a 3% mortgage interest rate and doesnโt want to buy another house because the housing market is crazy
This is my monthly Stripe/banking system rant:
Iโll never understand how someone โdidnโt initiate a purchaseโ when itโs required to input your card information and input info into SEVEN fields.
Working on migrating my marketing site from
@bubble
to
@framer
. The application will remain in bubble.
Main reason?
Site speed performance. Site speed has becoming an increasingly important factor in SEO ranking.
The same exact page loads 75% faster on framer. ๐คฏ
@jappleby
@Airbnb
lol, ok jackโฆ I understand how marketing works bro. not sure why youโre so bothered by my commentary about how it sucks that โrich get richerโ.
@oliver__b1
Sorry boss, I started following you because I enjoyed your content. Now, every post is just you complaining about your team.
It sure would suck being someone on your team that follows you here.
You used to be someone I admired, but not anymore.
Best of luck in your businesses.
For the first time, Iโve lost the top Google search position for non-brand queries (not containing โformula botโ).
The search is โexcel Formula generatorโ.
Moving from the 1st to 2nd position has resulted in 50% less clicks.
The competitor is going all in on user generated
Early in this journey of building a SaaS startup, I took a phone call with a VC.
At that time, I didnโt know what I wanted.
After talking for a bit, she apologized and told me she wouldnโt invest due to the fact that I had a full-time job and two kids.
At that time, it angered
Since OpenAI's DevDay two weeks ago, we've been heads down implementing their latest API - the Code Interpreter Assistant.
I'm confident we're one of the first to ship a product on the new API and definitely one of the first to build it in
@bubble
.
More intuitive results โ
This is ****ing pathetic.
ClickUp, a project management tool, is showing search ads for โexcel formula generatorโ and โformula botโ.
They donโt even offer this as a feature.
Their strategy is to show ads for keywords with high search volume and minimal competition / low cost
Today I launched a feature thatโs been in development for months.
Thousands of dollars spent on development and design.
Not one customer asked for it.
Not one survey was conducted.
When it launched, users immediately used it, justifying my decision to build it.
It was risky
The new
@theformulabot
app has officially launched! ๐จ
Enhanced features, a modernized UX, and quicker turnaround times from data upload to receiving insights.
Although the demo was accelerated to 3x speed, creating this intricate chart in real-time took me just 45 seconds - a
A marketplace for non-technical entrepreneurs with an idea for a SaaS startup to meet developers that are willing to work only for equity if they believe in the idea.
Entrepreneurs pitching developers instead of VCs should be more of a thing.
Does this already exist?
Who wants
I'm excited to share that I'm launching Clothing Remover AI - ! ๐
Upload a photo and it will remove all clothes detected!
SEO tools predict 10M monthly searches for this category by 2025. ๐
It's free with unlimited requests!
I keyword-stuffed it with
There's apparently a lot of people looking for AI clothing remover apps.
There's also apparently no competition for this category, with a keyword difficult ranging from 0 to 3.
I saw this and immediately purchased .
AMA
Two things amaze me about this chart from
@GoogleTrends
.
1) The gradual shift over time in people searching for โnocodeโ instead of learning HTML, thanks to software like
@webflow
&
@bubble
2) Thereโs still 2x more people wanting to learn HTML instead of nocode (rough estimate)
Iโm facing a catch-22 dilemma.
Weโre building out an enterprise-level subscription with robust features.
Enterprise customers love the product weโre building for them, but they require us to be SOC-2 certified (a security and privacy audit).
That certification / audit costs
Last week, my little AI startup went viral.
A single X post generated 2.7M views and was reposted by Barstool Sports' Dave Portnoy, among other big sports personalities.
It resulted in a +200% and 150% increase in website traffic and signups in the following days.
How?
Jack
my four year old:
can we buy a house that has a pool?
me:
that means Iโll have to work more, is that what you want?
four year old:
yay, more time to swim in our pool with mommy.
๐
First month of
@excelformulabot
is in the books.
55K active accounts, 25K new accounts created, 606 paid subscribers, $10.7K in revenue generated, 30 nights of minimal sleep.
Only 0.000073% of the 750M Excel users have an account. Path to .01%!
#SaaS
#buildinpublic
#excel
When you're building an MVP, don't get hung up on the design.
Focus on the value proposition.
When there's product-market fit, hire a designer.
People will still purchase with a great product and poor design. But more people will purchase when both are great.
Before & after:
โ ๏ธ INFLUENCER MARKETING WARNING โ ๏ธ
This week, I started exploring paid ads.
I reached out to an influencer to promote the site but his price was higher than expected, so I told him I wasnโt interested at the moment.
He threatened to freely promote a competitor.
And he didโฆ
Today I learned a valuable lesson in SaaS.
I sent an email to paid subscribers with the subject line โBeta now available for paid subscribersโ.
Seems like some people were reminded that they had a subscriptionโฆ
@nevmed
@awilkinson
Why would people search for Joe Rogan on Google if itโs only on Spotify? I never listened to him before, but I do now on Spotify. Definitely not a good indicator of viewership.
It was only six months ago that my website only had an input box, output box and a button.
No paywall, no subscriptions, no logins, no API limits.
If you have an idea, just build it and share it with the world.
Focus on PMF before worrying about what payment processor to use.
There's apparently a lot of people looking for AI clothing remover apps.
There's also apparently no competition for this category, with a keyword difficult ranging from 0 to 3.
I saw this and immediately purchased .
AMA
So thankful to be celebrating 1 year of Formula Bot! What an amazing journey it has been...and it's just the start! Thank you to all of our users and people who have supported us along the way. We couldn't have made it to this point without you.
I recently added a "Chat with the founder" button to my site.
It's for all users, not just paying customers.
I did it to better understand user feedback and customer needs, but there's been some unintended benefits as well:
- Seeing how users navigate the UX when they share
This month, I launched an influencer marketing program on my site, where anyone can promote the brand and I pay them directly.
Demand was so high I had to turn people down.
I launched it bc I saw that awareness was becoming stagnant.
That quickly changed, reaching new highs.
I used rank 1st organically for โexcel formula generatorโ.
Then competitors came in and now I rank in the 4th position. (Bubbleโs load time is not great for SEO).
In the last two months, Iโve spent $6K on that exact search term, optimizing it to $2/signup.
But why continue to
Lets play a gameโฆ
How fast did you ship? ๐ ๐จ
I launched my AI MVP without knowing how to make the userโs input JSON-friendly, so I simply advised users with a message: "Please avoid quotes and backslashes."