Snapshot · Modern Wisdom
In Baghdad, Arizona — a modern copper-mining company town owned by Freeport-McMoRan — the average wage was approximately $90,000, with rent at only $350 for a 3-bedroom home.
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At 1:07:23 · chapter starts 1:06:15
Peter traces the history of company towns, explaining how workers were historically paid in scrip — proprietary currency redeemable only at company stores — which effectively made leaving impossible. If a miner's husband died, the widow had days to either put her children in the mines or leave everything behind, because the company owned all the housing. Peter then reveals this system hasn't entirely disappeared: Baghdad, Arizona, a copper-mining community owned by Freeport-McMoRan, still functions as a company town. Average wages are around $90,000; rent is $350 for a 3-bedroom house; there's a pool, daycare, and no crime — because committing a crime means immediate eviction. The trade-off is total dependency: retire, and you're out. Chris draws parallels to medieval serfdom and notes that the psychological cost of losing not just your home but your entire social world upon retirement makes the arrangement more complex than it first appears.
Baghdad, Arizona is a fully functioning modern company town where copper giant Freeport-McMoRan owns all the real estate. Average wages hit $90K, rent is $350 for a 3-bedroom. But if you get fired or retire, you're out. The trade-off between security and autonomy has never been so stark.
Bhanu grew SiteGPT to $13,000 monthly recurring revenue entirely through organic channels, spending nothing on paid marketing.
More than 1 million people have visited SiteGPT's website since launch in March 2023, all through organic channels.
Approximately 90% of SiteGPT's Google search traffic comes from the free tools Bhanu built, not the main product pages.
Bhanu sold his first SaaS product, Feather, for $250,000 so he could focus fully on the faster-growing SiteGPT.
SiteGPT has generated approximately $500,000 in total revenue since its launch in March 2023.
The average customer lifetime value for SiteGPT is approximately $1,700 to $1,800, which Bhanu considers unusually high.
SiteGPT receives around 50,000 visitors per month, of which about 200 convert to leads and 60 start free trials.
SiteGPT hit $10,000 MRR within its very first month of launch, driven largely by early traction in the AI chatbot space.
Despite strong download numbers, PropGPT could not push past $1,000–$2,000 MRR due to poor product retention.
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