7 Tech Company Success Stories [2024]

Updated: November 19th, 2023
Start A Tech Company

Tech businesses are about the most exciting and potentially lucrative businesses you can start.

The global tech market size is expected to grow from $8,384B in 2021 to $9,326B in 2022.

But don't mistake the excitement for easy street: getting the tech startup off the ground requires a lot of work. There are many important factors, including how much capital you need, your business plan, and equipment needed to get started.

Here are some real life success stories of starting a tech company:

1. Apps:Lab ($72K/year)

a team member as a dedicated product manager to handle their project and ensure successful delivery. Our current revenue stands at $3,500 per month, with 85% generated from software development services and the remaining 15% from our flagship on-demand food delivery app, LetaFood. Despite the challenges in the current market, we are focused on expanding our in-house projects and product development to drive future growth and change the narrative of technology adoption in Kenya and Africa.

How much they make: $72K/year
How much did it cost to start: $1.2M
Current team size: 5

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How I Started A $3.7K/Month Software Company In Kenya

Apps: Lab KE is a software development company generating $3,500 per month, specializing in problem-solving using technology and data for businesses and communities.

About
Marvin started Apps:Lab almost 7 years ago
Revenue
Marvin grew the business to $6K/month
Costs
It cost Marvin $1200000 to start the business
Read by 9,156 founders

2. Seedia ($600K/year)

Piotr Hołubowicz came up with the idea for SEEDiA when he was sitting on a park bench with friends and their phones died. He wanted to create a bench that could charge mobile devices using renewable energy, leading to the development of their solar and off-grid benches and other smart city solutions. With a record year in 2020 and plans for new products in 2021, SEEDiA is continuing to innovate and improve urban spaces.

How much they make: $600K/year
How much did it cost to start: $2K
Current team size: 21

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How We Started A $25K/Month Company Developing Smart City Solar Products

SEEDiA is a smart city technology company that develops solar-powered benches, trash cans, info kiosks, solar bus shelters, and smart hand sanitizers, and has sold 112% more products in 2020 than the previous year, while also introducing three new products in 2021.

About
Piotr started Seedia over 7 years ago
Revenue
Piotr grew the business to $50K/month
Costs
It cost Piotr $2000 to start the business
Read by 4,045 founders

So... can you actually make money with a tech company?

Of course. There are millions to be made in this industry.

But how?

  1. Research real, profitable businesses and see exactly how much money they make.
  2. Study exactly what works, and what doesn’t.
  3. Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

3. FreeMcServer ($12K/year)

Back in 2018, Nuno had just finished school, and seeing the success of large minecraft servers online, whose founders are able to pay bills with it, he decided to build one platform himself. He was an avid minecraft player and needed a way to host the game 24/7 without the electricity bill going through the roof. That is when he started this personal project, both as a way to earn passive income, and to add to his CV.

How much they make: $12K/year
Current team size: 1

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I Built A Minecraft Hosting Service That Makes Me $1,000 In Profit Per Month

FreeMcServer.net, a free high-performance Minecraft server hosting service launched in 2018, has more than 970,000 registered users and generates monthly profits of around $1,000 USD, with over 95% of revenue coming from advertisements on the website and a primary user base from lower-income countries.

About
Nuno started FreeMcServer almost 6 years ago
Revenue
Nuno grew the business to $1K/month
Read by 4,912 founders

4. YourAverageTechBro ($30K/year)

Dohyun Kim, the founder of YourAverageTechBro, stumbled upon creating social media content during the pandemic. After realizing the potential of short-form videos on TikTok, he leaned into his competitive advantage as a software engineer and began creating content that resonated with his audience. Currently earning an average of $3,000 per month, Dohyun plans to expand his revenue streams through original content and product sales in the future.

How much they make: $30K/year
How much did it cost to start: $0
Current team size: 1

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How I Grew A Niche TikTok Account To 155K Followers

Dohyun Kim shares his journey starting as a software engineer on YouTube and pivoting into short-form content on TikTok and Instagram with 155,000 followers and 11,000 subscribers, currently averaging $3000/month across ad money, sponsored content, and course sales.

About
Dohyun started YourAverageTechBro over 3 years ago
Revenue
Dohyun grew the business to $2.5K/month
Read by 2,928 founders

So... can you actually make money with a tech company?

Of course. There are millions to be made in this industry.

But how?

  1. Research real, profitable businesses and see exactly how much money they make.
  2. Study exactly what works, and what doesn’t.
  3. Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now