🚀 Scaling an AI Writing SaaS to $90k MRR in 8 Months

The failure story of Pactero, which aimed to simplify managing ISAs.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

🎉 Hey Failories! It's Nico here.

Three new interviews today (2 successful startups, 1 failed one) and many interesting links for founders.

interviews & news 📢

🚀 Scaling an AI writing SaaS to $90k MRR in 8 months. And raising a $2.9M seed round from Craft Ventures and Sequoia.

That's the story of CopyAI, which you may have heard of if you're active on Twitter, as building in public is one of their main acquisition strategies.

Chris and Paul are the founders of this tool, which generates content using a technology called GPT-3. Here's their 8-month journey.

💀 Spending thousands while failing to build a meal-planning app. Lola spent 2 years building and marketing this app, but she wasn't able to get any paid users. Eventually, she decided to shut it down to focus on other projects. Here's her failure story.

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🎨 Building and growing a productized service startup. The story of Kimp, which happens to be Failory's sponsor this month, is a good one.

Senthu, its founder, went from being a serial entrepreneur to using the revenues of his other projects to bootstrap this service-based business and scale it to a remote company with dozens of employees. Here's their story.

📧 You still have time to join Failory's monthly newsletter. To do so, you just need to refer three people to the list (find more details at the bottom of the email).

I've been busy with university exams, which are finishing tomorrow and I haven't been able to write the monthly email yet. Apologies for that!

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what I'm reading 👀

Many AMAs on Indie Hackers. Particularly this one, by Anne-Laure Le Cunff, founder of Ness Labs, a neuroscience-based community making over $100k/year.

Cory Zue's April report and analysis of his first $100k made being an indie hacker (he's running three businesses at the same time!).

Matt Giovanisci's most recent experiment related to digital products, email marketing and funnels (btw, MoneyLab articles are a must!).

A case study on how Grow & Convert grew one of their B2B client's blog with "pain point SEO", paid content promotion and website structure optimization.

Lastly, an interesting Twitter thread on how to make TikTok content for brands (in this case, an app).

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That's all for this week. I hope you enjoyed it.

Let me know if you have any questions!

Cheers,

Nico

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