Fallory – a Wonderful blog for Startpreneurs. Learn from Failures.


👋 Hi Failories! It’s Thursday & there’s new content.

 

The first piece is an interview with Peter Hrbacik, founder of Mangools, a well-known SEO SaaS that was built a few years ago and has been grown to $250,000/month and 8 employees. It’s kind of a special interview, as Peter has failed and committed many mistakes in the past which have taken him to where he is right now.

 

The two other pieces are 400-word articles which explain the reasons why Koinex, an Indian cryptocurrency platform, and Call9, an on-demand doctor service app, were shut down early this year.

 

💰 This newsletter is brought to you by GenM.

Bootstrapping a SaaS to +$250K/month on a Competitive Market

What started as a simple tool to find keywords has turned into a SaaS that makes over $250,000 per month and employs 8 members. This is the story of how an entrepreneur called Peter learned from failures & mistakes and grew a successful business in a highly competitive market.

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Mangools

Quick Read: Why Did Koinex Fail?

Koinex let users trade well-known cryptocurrencies on a peer to peer basis. It was doing it really well and they were able to raise some money on 2 rounds, from 3 investors. However, the Indian laws got harsh against cryptocurrencies and the big amount of obstacles and little profits led to its shut down.

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Koinex

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GenM

Quick Read: Why Did Call9 Fail?

Call9 was a health startup targeted to patients who needed the urge to speak with a doctor right away about their issues. However, the selection of a bad business model where doctors were paid what the patient wanted, and founder’s inability to achieve growth, led to it’s shut down in early-2019.

Read More +
Call9
 

I’ve been working a lot on the project these last few weeks. Some things that have happened:

  • I have lots of new interviews with both failed and successful entrepreneurs.
  • There’s a new website design in progress and a migration from Webflow to WordPress being developed.
  • The equipment for the podcast is being bought and interviews will start to be recorded soon.
  • Organic traffic keeps increasing and it has reached the +1,000 clicks per day.
  • One of Failory’s revenue sources will start to mean more monthly money from now on.

 

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