How Flexiple achieved $1M ARR in 4 years and $2M in 4 months

The bootstrapped growth journey of Flexiple  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

🎉 Hey Failories! It's Nico here.

This week I bring you new interviews with two successful startup founders and three great resources for entrepreneurs.

interviews 📢

💰 $1M ARR in 4 years and $2M in 4 months. Karthik is co-founder at Flexiple and he came to Failory this week to share the success and growth story of his freelance vetted marketplace.

Flexiple is fully bootstrapped and they are currently at $2M in annual revenue. In the past 5 months, they have been growing at ~25%+ MoM. Here's how.

Btw, 2 years ago, in 2019, we published the story of Flexiple from Karthik's partner point of view. At that time, they were at $80k/mo. You can find it here.

🍸 Six figures a year playing golf and drinking cocktails. Some healthy clickbait there, but that's Sean's current lifestyle.

He has a blog called Location Rebel, where he teaches people how to build small businesses. He has been blogging for +10 years and is currently running two other sites about golf and cocktails. Here's Sean's story.

 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

what I'm reading 👀

210 of the biggest startup failures. This is a nice collection of failed startups, ordered by their total funding, and with a short explanation on why they failed (we're currently writing some articles similar to this one, about failed startups in different industries and countries).

The hidden world of pricing. A really detailed guide on pricing "frameworks, tactics, and hidden truths". An interesting stat: pricing has an extremely high 72% correlation to startup failure.

Y Combinator's co-founder matching platform. This is a great move by Y Combinator - everyone at their Startup School has now access to this matching platform. There were many interesting discussions about this on Hacker News.

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That's all! I hope you've enjoyed this week's interviews and resources. I'm finishing my university exams this week, so you can expect a lot of new things on Failory in the following 2-4 weeks.

Let me know if there's anything I can help you with.

--

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Older messages

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Raising $300k to build a marketplace with no clear revenue model

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