GTM Sauce

B2B · custom software consultancy

How Bit-Wizards grows

1 tactic from 1 interview.

About Bit-Wizards

What it is
Custom software development firm founded by Vince Mayfield and Louis Erickson; rebuilt and co-founded TalkingParents
Business model
professional services billed hourly or by project

As described in the interviews, not independently verified.

Bit-Wizards's tactic

TalkingParents · B2C · co-parenting communication app

Use your consulting firm's income to pay for building your own app
Took ~6 years and ~$1M before subscriptions worked; lean times along the way

Bit-Wizards, a custom software consultancy, co-founded TalkingParents and used professional services to support the app while rebuilding it. From 2009 to 2015 they rebuilt the web app and 'dabbled'; when services revenue got lean, Vince told his co-founder he couldn't keep paying him a salary, forcing monetization to become a priority.

Mixedfinancing
Sub Club by RevenueCat · 2023-08-09

Topics

Bootstrapping vs raising money1

Interviews