I Turned My Side Project into A $26K/Month SaaS Tool

March 21st, 2023

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David Bressler

Founder, Excelformulabot

$23K

revenue/mo

Founders

Employees

Excelformulabot

formulabot.com

from Orlando, FL, USA

started July 2022

$23,000

revenue/mo

Founders

Employees

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Hello! Who are you and what business did you start?

My name is David Bressler and I am the founder of Excelformulabot, which translates text instructions into Excel formulas within seconds with the help of AI. The website, as well as the Excel & Google Sheets add-ons, tailors towards a wide range of consumers of occupations ranging from finance to accounting to marketing. There are one billion Excel users in the world, so it’s a pretty broad audience!

While the website is free to use, users are limited to five formula requests per month. That’s enough for 97% of the users, but the remaining 3% are heavy Excel users that received unlimited formula requests, which costs $6.99/month. Since launching in September 2022, Excelformulabot monthly recurring revenue has exceeded $14K.