Overview
Founded by Jamie Hanratty, Steve Whitfield, and Lisa Angel, Metro Retro is a unique online whiteboard tool tailored for agile software teams. Launched in 2019, it offers engaging and interactive features like the confetti cannon, catering to retrospective meetings. The platform achieved over 800,000 sign-ups without advertising spend, driven by word-of-mouth during the pandemic.
Unique Aspect
Metro Retro stands out for its fun and user-friendly features, making meetings enjoyable and boosting team engagement.
Approach to kick off
The team focused on user experience, creating a version that was free to use initially, gaining user feedback and traction before moving to a paid model.
Scoop
Business Model ViabilityThe freemium model transitioning into a paid version based on user feedback and engagement is a viable and scalable business model.
Future Projections
Metro Retro aims to solidify its position as a top collaboration tool for software teams, with potential expansion into other markets and roles.
Startup Stats
📊 ARR: $208,800
📈 MRR: $17,400
🚀 Startup Costs: $1,200
👥 Team Size: 3
🌍 Market: Expected to grow to $4,421.76 million by 2027
👨💻 Users: 800000
💰 Funding: Bootstrapped
👨💼 Founders: Jamie Hanratty
Related summaries: