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Bradley Jacobs

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How Mylance Reached 800 Customers at $50 a Month Helping Consultants Build Better Businesses (Interview with CEO Bradley Jacobs)

Bradley Jacobs (CEO of Mylance) spoke to Nathan Latka on November 2, 2022.

Mylance figures from the interview

Estimated LTV (2022)
About $1,000
Paying Customers (2022)
800
ARPU (2022)
$50 per month
Angel Raise (2021)
A few $100K
Valuation (Cap) (2021)
$10M
“It was bookkeeping. It was taxes. It was health insurance. It was lack of a community. It was where my next lead came from. It was having a website. It was invoicing, proposals, contracts. I mean, I could go on. There's there's a lot that I was missing, and people need that support.”
“We don't wanna take a cut of your invoice. We don't wanna take a cut of your project. That's for you. You know, pay us a platform fee, and you can build your business on top of us.”
“A lot of content for us. There's a huge educational component to how do I find my first client? How do I price my services? How do I hone my niche? What kind of a contract template do I need? And everything in between. And so I've been publishing content almost every day now on LinkedIn for the last few years, have built up a little bit of a following there. SEO has been pretty good for us. But the really the biggest thing has been word-of-mouth. I think anytime you, you create a good product that people like, they organically tell their friends about it. So we have a referral program, but even before that, we grew a lot from word-of-mouth.”

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Bio

After 4.5 years launching and scaling businesses at Uber, I built my independent consulting business up to $25k / month in 25 hours per week. I then founded Mylance to help you work for yourself, whether full-time consulting or alongside a full-time job.

Company

Mylance

San Francisco, United States · Founded 2020

Revenue
$1.6M
Funding
$400K
Team size
16
Customers
800

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