Sub Club by RevenueCat · 2023-08-09
From Consultancy to $10M in ARR — Vince Mayfield, TalkingParents
Vince Mayfield, co-founder and CEO of co-parenting communication app TalkingParents, on growing from a side project of his software consultancy Bit-Wizards to ~$10M ARR: dropping AdSense and the court system as 'customer' to charge parents a subscription for mobile apps, doubling price from $4.99 to $9.99 bundled with recorded phone calls (lost ~a quarter of subscribers vs half expected), adding a $24.99 video tier, survey-led features, first-party instrumentation with Bloomreach, switching startup vendors for scalable ones, and replying to every app review.
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Numbers mentioned
| Who | Metric | Value | Context | When |
|---|---|---|---|---|
| TalkingParents | arr | USD 10M approximate | 39:46 | |
| TalkingParents | users | 1,000 users approximate | Users of the original contractor-built app before Bit-Wizards rebuilt it | 3:29 |
| TalkingParents | cost | USD 1M approximate | Spent revamping the apps and marketing (including flying the co-founder to meet judges) before subscriptions worked, ~2009-2015 | 11:43 |
| TalkingParents | price | USD 4.99/month | First subscription price for the mobile apps; guest felt it was too low | 13:38 |
| TalkingParents | price | USD 9.99/month | Raised price for all subscribers, bundled with Accountable Calling | 17:44 |
| TalkingParents | price | USD 24.99/month | Top tier with video calling, launched end of 2022 | 21:02 |
| TalkingParents | churn | 50%/one-time projection | Share of subscribers the team planned to lose when doubling price from $4.99 to $9.99 | 18:12 |
| TalkingParents | churn | 25%/one-time estimate | Share of subscribers actually lost after the $4.99 to $9.99 increase; some later came back | 18:45 |
| TalkingParents | share | 60% estimate | Share of users ordered onto TalkingParents by a court (40% not) | 19:18 |
| TalkingParents | cost | +-50% approximate | Transcription cost after switching from a startup vendor (per-channel pricing) to AssemblyAI (dual-channel pricing) | 32:50 |
| Speechify | price | USD 120/year approximate | 25:07 | |
| benchmarkMinimum annual contract for best-in-class customer engagement, CDP and MMP tools | cost | USD 30K–50K/year approximate | Enterprise plans required just to start integrating tools like Iterable or Braze | 38:38 |