Summary
Citationsy, founded by Cenk Dominic Özbakir in 2017, is an online referencing generator designed for ease of use, privacy, and speed. It was created as a response to the shutdown of RefMe, a citation tool Özbakir used during his university days. Citationsy offers over eight thousand referencing styles and has grown to over 200,000 users by February 2020, mainly through SEO and word-of-mouth.

Unique Aspect
Citationsy stands out for its simplicity, user-friendly interface, and a vast array of referencing styles, catering to a wide range of formatting requirements.

Approach to kick off
The development of Citationsy was driven by Özbakir's personal need for a user-friendly, efficient citation tool, leading to an intuitive product closely aligned with user requirements.

Scoop

Business Model Viability
Citationsy's model, offering a free version with a premium upgrade, is viable in the educational tools market, especially given its low operational costs.

Future Projections
Plans to increase user base and conversion to paid versions, with a focus on improving SEO and exploring potential partnerships with educational institutions.

Startup Stats

📊 ARR: $6,000

📈 MRR: $500

🚀 Startup Costs: $5

👥 Team Size: 1

🌍 Market: Aimed at students, academics, and professionals in need of citation tools

👨‍💻 Users: Over 200,000

💰 Funding: Self-funded, bootstrapped from its inception

👨‍💼 Founders: Cenk Özbakir