We're sunsetting PodQuest on 2025-07-28. Thank you for your support!
Export Podcast Subscriptions
cover of episode He built a $1M/MRR dinner club app in 2 weeks with 0 employees

He built a $1M/MRR dinner club app in 2 weeks with 0 employees

2024/12/9
logo of podcast My First Million

My First Million

AI Deep Dive AI Insights AI Chapters Transcript
People
S
Sam Parr
以《My First Million》播客主持人和企业家身份而闻名,专注于发现和分享高利润商业模式。
S
Shaan Puri
成功主持《My First Million》播客,分享创业策略和资源。
Topics
Sam Parr: Time Left是一个将陌生人聚集在一起共进晚餐的应用,旨在解决普遍存在的孤独问题。其盈利模式是每月收取约20美元的会员费。该应用的成功在于其迎合了人们普遍存在的社交需求,并巧妙地利用了晚餐这一人们熟悉的社交场景。Time Left的创始人Maxime Barbier在10个月内不仅成功发展了他的业务,还进行了身体上的蜕变。他的创业经历与其他成功人士相似,都曾从事夜店推广工作。他曾创办了一家只报道好消息的媒体公司,但由于糟糕的收购协议,最终以失败告终。在2020年疫情期间,他进行了为期700天的独自旅行,并接受了与100个陌生人见面喝咖啡的挑战。通过与100个陌生人会面,他意识到人们普遍缺乏梦想和目标。他创建了Time Left应用的第一个版本,旨在帮助人们创建和分享愿望清单,但并未成功。他创建了Time Left应用的第二个版本,试图通过共同的梦想连接人们,但仍然没有取得成功。在Time Left应用的第三个版本中,他尝试连接人们进行线下活动,但由于安全问题和照片带来的负面影响而失败。最终,他决定创建一个无需技术团队、可在两周内上线并能产生收入的应用,并成功实现了Time Left的规模化发展。他通过简化流程,无需亲自到餐厅,成功实现了Time Left的规模化发展。Time Left的成功得益于其迎合了人们普遍存在的孤独感,并通过广告和口碑传播迅速扩张。Time Left的成功关键在于其注重用户体验,并以用户满意度为核心指标。Time Left的成功与人们日益增长的孤独感和对科技的依赖性有关。 Shaan Puri: Time Left晚餐俱乐部在10个月内实现了1000万美元的年度经常性收入(ARR),是一个多年生一夜爆红的成功案例。Time Left的收入增长曲线先平缓,后迅速上升,在10个月内ARR超过1000万美元。Time Left用了7个月达到100万美元ARR,又用了7个月达到1000万美元ARR。

Deep Dive

Key Insights

How did Maxime Barbier build the Time Left dinner club app?

Maxime Barbier launched the Time Left dinner club app in three weeks using a Typeform for sign-ups, a WhatsApp account for coordination, and a Stripe account for payments. He manually matched participants for the first three months before transitioning to low-code solutions.

What is the Time Left dinner club app about?

The Time Left dinner club app organizes dinners where strangers meet weekly in various cities, matched by a personality algorithm. Participants pay a monthly fee and split the dinner bill at the restaurant.

Why did Maxime Barbier create the Time Left app?

Maxime Barbier created the Time Left app to address the loneliness epidemic and help people reconnect through shared activities. The app evolved from a bucket list creation tool to a platform for organizing dinners with strangers.

How much revenue does the Time Left app generate?

The Time Left app generates over $1 million per month, with an annual run rate of $10 million. It took seven months to reach $1 million in revenue and another seven months to grow to $10 million.

What challenges did Maxime Barbier face before the success of Time Left?

Before the success of Time Left, Barbier faced multiple failed iterations of the app, including a bucket list creation tool and a dating app for shared dreams. He also struggled with scaling and user safety concerns, particularly with women feeling unsafe in one-on-one meetups.

How does the Time Left app scale its operations?

The Time Left app scales by using booking platforms like OpenTable to reserve restaurants and organizing dinners in hundreds of cities without requiring Barbier or his team to visit each location in person.

What is the significance of the name 'Time Left'?

The name 'Time Left' reflects Barbier's realization that he had approximately 600 months left in his life, inspired by the 'Your Life in Weeks' concept from Wait But Why. It emphasizes the urgency to live life to the fullest.

How does the Time Left app address user safety concerns?

The Time Left app addresses safety concerns by organizing dinners in groups rather than one-on-one meetups, ensuring that participants feel more comfortable and secure during the events.

What is the primary revenue model for the Time Left app?

The primary revenue model for the Time Left app is a monthly subscription fee, which allows users to participate in weekly dinners organized by the app. Participants also pay for their meals separately at the restaurant.

Why is the Time Left app gaining popularity?

The Time Left app is gaining popularity because it taps into the growing loneliness epidemic and provides a solution for people to connect in real life. It also aligns with current trends of declining marriage rates and post-COVID social isolation.

Chapters
This chapter explores the incredible success story of TimeLift, a dinner club app that reached $10 million ARR in just 10 months. It delves into the founder's background, previous ventures, and the iterative process of developing the app, highlighting the challenges and pivots faced along the way.
  • TimeLift reached $10 million ARR in 10 months
  • Founder Maxime Barbier's background as a nightlife promoter and media company owner
  • Several iterations of the app before finding success with the dinner club model
  • Focus on solving the loneliness epidemic

Shownotes Transcript

Get our Business Monetization Playbook: https://clickhubspot.com/monetization)

Episode 657: Sam Parr ( https://x.com/theSamParr) ) and Shaan Puri ( https://x.com/ShaanVP) ) talk about the $10M ARR dinner club app, the history of Black Friday, and ChatGPT prompts that work like cheat codes.  

Show Notes: 

(0:00) $10M ARR dinner club

(26:19) The science of Black Friday and Cyber Monday

(32:47) Reverse Black Friday positions

(36:21) 7-day MFM Money Fast

(40:57) Simple ChatGPT prompt hacks that work

(45:55) Picking a rocket ship

(50:53) Warren Buffett's $150B problem

(58:17) The Elon Musk Learning Method

Links:

• Timleft - https://timeleft.com/

• Bucket list - https://dailymax.fr/fr/bucket-list-fr/

• Your Life in Weeks - https://waitbutwhy.com/2014/05/life-weeks.html

• Warren Buffett letter - https://www.berkshirehathaway.com/news/nov2524.pdf

• Elon Musk Learning Method - https://www.youtube.com/watch?v=splkLcpBws8

Check Out Shaan's Stuff:

Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd)

Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/)

• Ideation Bootcamp - https://www.ideationbootcamp.co/)

• Copy That - https://copythat.com)

• Hampton Wealth Survey - https://joinhampton.com/wealth)

• Sam’s List - http://samslist.co/)

My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano