Thread by @_rchase_

1/ "Hardcore Year" (rchase.com)

MRR in May:
▓▓▓▓▓▓▓▓▓▓▓▓▓░░░ $6,835 of $8,333 goal (82%)

Totals
@hostifi_net $6,293
@ghostifi_net $266
@locklinnetworks $125
@captifi_net $147
@patreon $4

214 days left to reach $8,333 MRR

Details in thread 👇

https://twitter.com/_rchase_/status/1123318550175809537

2/ 💵 $5,992.64 profit

Gross rev was $8,532 - expenses of $2,539.36

Here is a look at those expenses this month:
@Vultr $1,831.82
@Stripe $374.54
@GoogleAds $120
@DigitalOcean $100
@Intercom $49
@ScreenConnect $24
@QuickBooks $20
@WIP $20

cc: @startupcosts @ChartMogul

3/ ☁️ @hostifi_net

May 2019 #openstartup update
💵Gross $8,010
💰MRR $6,293 (+18%)
📈Uniques 4,259
😀Paid subscribers 285
🖥️Servers 338
👤Free plan users 1k
📧Mailing list 1,521

@ubnt devices total 13.6k

New
🎉Updated 247 #UniFi servers v.21 to v.23

4/ 👻 @ghostifi_net

May 2019 #openstartup update
💵Gross $197
💰MRR $266
📈Uniques 1,222
👤Paid subscribers 20
🖥️Servers 20
🧙‍♂️"Invisibility Mode" users 8
📧Mailing list 20

New
🌏 I've been using GhostiFi daily this month while traveling and using public wifi

5/ 👤 @captifi_net

May 2019 #openstartup update

💵Gross $49
💰MRR $49
📈Uniques 484
👤Paid subscribers 3
🖥️Servers 4
📧Mailing list 57
🎲Demo subscribers 57

New
📧 A customer is collecting emails for guest wifi at a restaurant and sending automated surveys after the visit

6/ 📘 @mspstory_com

May 2019 #openstartup update

Launched it this month!

✍️Interviews 1
📈Uniques 1,289
👤Slack members 21
📧Mailing list 32

Wrote my own interview here as the first one: mspstory.com/story/from-msp…

2 new interviews are coming soon!

7/ ⭐Highlights this month

I was quoted in @Baremetrics "The Startup Funding & Financing Guide" by @coreyhainesco

baremetrics.com/blog/startup-f…

8/ ⭐Wrote 2 blog posts

One of my blog posts, "Why I'm completely rewriting my $5,735 MRR SaaS" was #15 on @ycombinator Hacker News - 14.5k views:

medium.com/hostifi/hostif…

9/ ⭐New development workflow

I created a cloud-based dev environment and git workflow for my sites and wrote about that:

medium.com/@reillychase/m…

10/ ⭐Migrated self-hosted email to @Google @gsuite

I wish I had done this a long time ago! This migration has helped my emails to stop ending up in other peoples spam boxes and took some load of my servers. Plus @gmail is awesome.

11/ ⭐Switched @hostifi_net from @HubSpot live chat to @intercom

The primary motivation for this change is that I will be using @intercom to automate onboarding - automatically follow up with customers who haven't added any devices. + KB articles and more.

12/ ⭐I was on @TechVillagePod

I talked about experiences in IT, certifications, switching IT specializations mid-career, and startup life with @porterdeleon, @malhoit, and @Mierdin.

Thanks for the intro @vcixnv!

(Not published yet!)

13/ 🌱I'm refocusing.

This month marked 1 year since I 🚀 launched @hostifi_net.

Since then I launched 2 other SaaS businesses, an IT community, and made plans for more startups.

But I've decided to stop starting things for now.

It's time to focus on optimizing what I have.

14/ 🌱

After reading @levelsio's makebook.io, following @Shpigford's joshpigford.com/projects, @AndreyAzimov's multi-startup hardcore year andreyazimov.com, and @yongfook yongfook.com/12-startups-in…, I had decided multiple startups was the best way to not fail.

15/ 🌱

Multi-startup approach reduces risk (multiple income streams, multiple markets), and because startup failure rates are high, multi-startup approach gives you better odds of one working out.

16/ 🌱

I still think multi-startup is the best way to start.

But something has been nagging on my mind lately. Businesses don't become great by getting launched and then put on the backburner for a few years...

17/ 🌱

@tylertringas launched @storemapper and put it on the backburner for a year and a half while he focused the majority of his time on a solar startup.

But it didn't become a $480k/year business until after he focused on it.

tylertringas.com/storemapper-bo…

18/ 🌱

@Shpigford launched 4 startups in the few years leading up to @Baremetrics launch, but no new startups on the list for the 3 years following.

19/ 🌱

@levelsio quit his own 12 startups in 12 months challenge after startup #7 to work on @NomadList and remoteok.io. Those two wouldn't be generating $1M/year if he hadn't narrowed his focus(?). He's still launching too though so maybe a bad example lol

20/ 🌱

@yongfook, like @levelsio, is also a 12 startups in 12 months dropout. After launching 6 startups in 6 months, he decided to focus on creating a communication platform for remote teams, talkshow.team, instead of continuing to launch

21/ 🌱

@AndreyAzimov refocused on sheet2site.com, launching a 2.0 version, after 10 startups, and now it's his primary focus.

medium.com/@AndreyAzimov/…

22/ 🔥 @hostifi_net 2.0 is coming next instead of <SaaS #4>

I'm making @hostifi_net onboarding, KB articles, new features, and growth my primary focus now.