[starrhorne]

Is that $25k in revenue? Profit? Or total transactions from which you take a %?

Just curious. I really like your lean approach.

[mikaelcho]

That 25k number was total transactions from which we take a 15 percent commission.

[rubiquity]

So you've made $3,750 in three months?

[biot]

And don't miss this paragraph from the article:

  "We’ve now approved over $700k worth of projects in the last
   five months and our rate of accepted projects has been growing
   at an average of almost 30 percent monthly."

Booked commission revenue is over $100K for those five months. Given that growth is ramping up, they're likely booking over $30K in commissions per month now. Actual commission revenue is undoubtedly less due to abandoned projects, non-payments, refunds, and so on. However that's a healthy business and huge kudos to them for a great MVP example.

[joelgascoigne]

$3,750 in 3 months is not bad at all. It is super difficult to get something off the ground. Once you're in motion, it can grow pretty fast.

[rubiquity]

I wasn't scoffing at the number, I was clarifying the honesty of the number.

[namwen]

If you read further you'll see that as of now they've handled over 700k in transactions.