Summary
Ora, founded by Nikolay Mihaylov and his co-founders, is a project management system that started as an internal solution for managing work at Codemotion. It evolved into a full-fledged product offering a user-friendly interface and a host of features for efficient project management. The software has a diverse user base and generates an average monthly revenue of $21K.

Unique Aspect
Ora's key strength lies in its origins as an internal tool, ensuring it's built around actual user needs and practicality, with a focus on simplicity and comprehensive project management features.

Approach to kick off
The development of Ora began as a solution to the founders' own need for a more sophisticated project management system, eventually growing into a marketable product through organic interest and validation.

Scoop

Business Model Viability
Given the widespread need for efficient project management tools, Ora's business model shows significant viability and potential for growth.

Future Projections
Continued expansion and enhancement of features, with a focus on adapting to evolving user needs and expanding its market presence.

Startup Stats

📊 ARR: $252,000

📈 MRR: $21,000

🚀 Startup Costs: $50,000

👥 Team Size: 5

🌍 Market: Not specifically mentioned, targets a range from individual task management to large companies managing huge projects

👨‍💻 Users: Varies, including individuals for personal tasks and large companies for extensive project management

💰 Funding: Bootstrapped

👨‍💼 Founders: Nikolay Mihaylov