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Interesting.I've always been keen to see what startups solving simple solutions are earning. It seems perfectly possible for a single developer to solve a simple solution and make a decent living from what I see.... How do you validate the data provided?
@anesu_fitzgerald_muzenda Most of the startups featured on the site publish on their blog revenue or growth reports on a monthly basis. On the "INCOME REPORTS" table, just below the charts, you could see the link to their reports for each month.
Recently I implemented an admin Metrics Form to allow founders to manage their own figures every month. I've seen many of them started to use it to add Septembers' numbers.
Thanks for your feedback!
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No "stealth" numbers here - love this site and it's very valuable if you are doing financial models for or working in a start up. One question, how do you validate the numbers?
@love2golf Hey Margaret! As mentioned in a previous comment, most of the startups publish monthly reports with nice details about their revenues and expenses. Obviously we cannot guarantee they're 100% correct but I don't believe any founder will spend their time in making up those numbers month by month.
On another hand, the rest of the startups that are not publishing reports are however on Baremetrics' Open Startups, which I believe is totally validated.
I guess it might be other mechanisms to validate these numbers. Any suggestions?
Awesome, but, where's this info coming from? Setting a new VC vetting standards by getting startups to volunteer accurate info, publicly, or sourcing otherwise for other purposes? Hope this takes hold, if it's the former! @rafapaez_
@elizabethhunker Thanks Elizabeth! I've already answered (twice) your first question - please read the other comments ;). I don't have plans to set a new VC myself :D but you made me think...
Hi everyone!
I'm Rafa, the maker of Transparent Startups.
I'm always looking for Startup inspiration and I love learning from entrepreneurs that managed to build a growing and profitable tech startup, especially from those that started them as a side project. I truly believe in business transparency and I usually spend a lot of my spare time researching about it.
There are a lot of bloggers that openly publish monthly income reports and a few aggregators of them but I couldn't find a similar place for actual Tech Startups with SaaS products. For that reason, I built Transparent Startups: to collect these businesses and founders that are embracing Transparency by sharing everything with the world, including their revenue numbers and growth journeys so others can learn and be inspired.
I'd love to hear your thoughts!
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I'm very proud to be a part of one of these startups. This is a great way to highlight them and encourage others to follow their example!
Your hockey stick projections can now be based in the revenue reality of today's firms! Fantastic information for both investors and startup entrepreneurs.
@jamie_mci Thanks Jamie. I strongly believe that being transparent is good for everyone: customers, employees, founders, investors, etc. Glad to hear more people share the same values.
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Very good curation idea. Entrepreneurs would love to see ideas working, as a motivation and as a way to validate their own ideas. Well done!!
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