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Questions and Answers
Match the following people with their roles:
Andrew = Founder of BasedLabs.ai Michael = AI Image & Video Creator
Match the following projects with their functionalities:
Face Swap = To swap faces in images AI Character Generator = To generate AI characters AI Art Generator = To generate AI art Character Voice Generator = To generate character voices
Match the following metrics with their values:
MRR = $10,000 Employees = 0 Founders = 2 Total marketing spend = <$500
Match the following tools with their benefits:
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Match the following time periods with their corresponding events:
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Match the following metrics with their values:
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Study Notes
Business Overview
- Co-founded by Andrew Adams and Michael in December 2023.
- BasedLabs specializes in AI image and video generation tools.
Product Offerings
- The main product is a comprehensive AI Generator.
- Additional free tools include:
- Face Swap
- AI Character Generator
- AI Art Generator
- Character Voice Generator
- Aimed at diverse users, from advanced creators to beginners.
Financial Highlights
- Achieved a Monthly Recurring Revenue (MRR) of $10,000 in less than three months.
- Accumulated approximately 150,000 user signups.
- Marketing expenses were under $500, demonstrating cost-effective customer acquisition.
Goals and Aspirations
- The business looks to expand with the potential for new hires in specific positions.
Lessons Learned
- Rapid growth can be achieved with minimal marketing if the product adds significant value to users.
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Description
Learn how Andrew Adams, Founder of BasedLabs.ai, grew his AI SaaS business to $10,000 monthly recurring revenue in less than 3 months. Get insights into his business strategy, revenue, and financials.
