$2,000 a month in subscriptions, $400 in costs, up 10% in 6 months, 8% monthly churn, 18 months old, 10 hours a week from you.
- Yearly profit: $19,200
- Health score: 71 out of 100, so grade B: the Angry Birds of iOS apps.
- Multiple: 2.9x to 4.6x a year of profit
- Price range: $57k to $89k
- Biggest lever: Get churn under 2% a month. Buyers pay most for customers who stay.
Every grade, and who you're like
- A+ (score 85+): Instagram. 13 people, and Facebook paid $1B for it in 2012.
- A (score 72 to 84): WhatsApp. 55 people, and Facebook paid $19B for it in 2014.
- B (score 58 to 71): Angry Birds. One hit that kept paying for years. Sega bought Rovio for €706M in 2023.
- C (score 44 to 57): Flappy Bird. Made about $50k a day from ads, then its one-person team pulled it in 2014.
- D (score 30 to 43): Vine. It had a huge audience and no money to show for it. Twitter shut it down in 2017.
- F (score 0 to 29): Quibi. Raised about $1.75B and shut down in 2020, months after launch.