KachingAppz, a fully bootstrapped and remote Shopify app developer, reached $1 million in monthly recurring revenue after 3.5 years without raising any venture capital.
The company operates 5 apps serving 80,000 active users with 300+ daily support tickets, maintaining high customer satisfaction with over 400 five-star reviews monthly.
Here's how their team size changed as they scaled:
- $0K MRR: 2 people
- $10K MRR: 2 people
- $50K MRR: 2 people
- $100K MRR: 3 people
- $500K MRR: 11 people
- $1M MRR: 25 people
They're now at 40 people. Their goal for the next 2-3 years is $5M MRR with a team under 100 people. Still no office. Just in the last 30 days, 7 people joined:
- 2 product managers
- 2 customer support reps
- 1 developer
- 1 designer
- 1 affiliate manager