Hubstaff's Side Project to $22M ARR
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Sam Parr shares the growth story of Hubstaff, an employee tracking software company.
"Hubstaff is a software company that does tracking to see if you're using these devices. The guy started it in 2019 as a side project. If you Google 'hubstaff revenue,' you'll see that when he started it, he was like, 'I just hit $10,000 in MRR, I just hit $50,000 in MRR.' Then on Indie Hackers, he's like, 'I just hit $200,000 in MRR.'
The pandemic hits and it explodes to where now it's doing $22 million in recurring revenue. Who knows what that's worth, but for sure 9 figures. It started as a side project and he's completely exploded his business."
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.