# Last chance to invest! And a 2021 Year in Review | Mylance

- Canonical URL: https://wefunder.com/feed/151804
- Entity ID: wefunder:feed_item:151804
- Published at: 2022-01-06 19:52:58 UTC
- Updated at: 2025-07-17 04:03:46 UTC

## Author
Bradley Jacobs

## Subject
Mylance

## Content
Our Wefunder is officially closing in 7 days, and this is your absolute last time to invest in us at this valuation. We have been growing incredibly fast lately, and will target a raise in ~6 months at 2-3x the valuation cap of this SAFE.A quick update on where things stand:Tax SubscriptionsThis product has been growing incredibly fast over the past 8 weeks. We’re now over $6,400 in monthly recurring revenue, averaging $222 per month per customer subscription, and 106% MoM growth!Our projections have this business line bringing in $100k in monthly revenue by Dec 2022 (455 customers)!Mylance AcceleratorWe’ve reconfigured the Bootcamp and launched a cheaper, more accessible version. We launched this Dec 1, 2021 and so far have 14 sign-ups bringing in $5,250 in revenue, with no ads.We will be experimenting with additional marketing tests, focusing mostly on customer referrals, content, and a small ad budget.The Mylance Accelerator helps new consultants up-level their business, use the HQ, and then convert over to the Tax subscription.HQ Product Market FitWe’ve had a cumulative 241 unique HQs started, with 174 having completed the onboardingFor the last 3 months, we’ve averaged 50.6 average users, representing about 29% of those who have created an HQ. IF we could sustain this number over time, that would be incredibly promising: it means if we grow the top of funnel with HQs, the number of active and returning users would also increase and ~30% of our customers are loyal and sticky.What we're focused on in 2022We’re doubling down on customer referrals. Customers love our products, so they can be our biggest growth engine. I have no doubt we could get to 10,000 customers from referrals alone.We need to help folks with their HQ. Even if it’s manual at first, we need to help new consultants hone their niche. People aren’t good at it, and it’s a requirement to be a good consultant.Tax product is a winner. We knew this, but it’s good to see it come to fruition. We will focus on the fastest and cheapest way to acquire and service our customers. Quickbooks is becoming a big line item, so we will replace that with our own, much simpler, system to improve margins in H2 2022.We’re focusing on helping consultants get leads. Our community is the best place this is already happening: we have dozens of projects come in every month from our community. We will productize this by building an internal marketplace where Mylance consultants go post and find projects.What would a “good” 2022 look like?End the year with $115,000 in monthly revenue ($1.38M annualized!)$600k in cumulative revenueCommunity of >1,000 talented consultantsRemove Quickbooks as a cost line-item30-35% cohort retention for the HQ product250+ paying HQ subscribersAgain, this is your last chance to invest at this valuation, so make it count!