How This Solo Founder Bootstrapped A Transcription Platform To $1.2M/Year
This is a follow up story for Scribie. If you're interested in reading how they got started, published about 4 years ago, check it out here.
Hello again! Remind us who you are and what business you started.
Hello, I’m Rajiv. I’m the founder of Scribie, an audio/video transcription service. We convert recorded phone calls, meetings, podcasts, sermons, lectures, etc. to text with high accuracy using a mix of AI and humans. We have been in business since 2008. We have transcribed more than 7 million minutes of audio and paid more than $3 million to our transcribers.
I started Scribie as a solo founder in 2008 and bootstrapped it to a $1M revenue by 2020. Our next milestone is $5M revenue and to achieve that we have reorganized our management team and added two more co-founders. We are on a high growth trajectory and the next few years are going to be quite exciting for us.
Tell us about what you’ve been up to. Has the business been growing?
We made a breakthrough in late 2021: we achieved product-market fit on the transcriber side of our platform. As a result, our average turnaround times has gone down from 50 hours to around 6 hours. What’s notable is that we achieved this without any compromise on our quality standards and at the same price point as...
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
