Cody McLain
๐ค SpeakerAppearances Over Time
Podcast Appearances
We've been experiencing 30% growth every single month
So from our level of growth and everything else that we've been able to do, as well as the fact that I haven't had to take any outside capital and been able to retain all my equity.
Yes.
I, what, what, what that growth rate has been, has been kind of leveling off from, uh, it was actually quite, quite quicker.
Uh, I wouldn't say that we were even at a half a million in January.
So, uh, 30% is kind of an average, uh, growth rate.
It wasn't even half a million.
Well, I like to actually refer to it.
It's actually not.
It's not a software product.
It's actually a service.
The biggest barrier to entry was at first figuring out the actual market, trying to figure out exactly what is this that we're actually selling because we honestly didn't even know what we were selling the first few months.
and then trying to figure out how to enter the market and trying to convince other startups to actually work with us i actually like to refer to it as oaas which is a term i coin called outsourcing as a service which is it's already a service but just trying to be in that that whole niche crowd but what i refer to it as is is scalable repeatable processes that need to be outsourced to a human
And in our case, our barrier to entry was actually figuring out how to register a corporation in the Philippines, which is the place that we decided to go to and establish our own office over there.
And so we've been able to establish departments, people, hierarchy structure, et cetera, over there.
And then they were providing services to startups here based in the U.S.
Yes, and our profit margins are actually really, really good compared to what I was making in the hosting industry since there's no physical recurring leasing assets or anything like that.
I like to say 40%.
Yeah, this is a whole new business.
The other business is called supportmonk.com, and so that's still up and live and running.