Snapshot · The Diary Of A CEO with Steven Bartlett
Despite AI job-loss predictions, US unemployment sat at 4.5% overall and 8.8% among youth — slightly below historical averages — suggesting no AI-driven labour apocalypse yet.
Where this was said
At 8:44 · chapter starts 5:00
The AI job apocalypse narrative is fundraising theatre. Catastrophising makes a technology sound seminal enough to justify insane valuations, and the employment data simply doesn't back it up — US unemployment sits near historical averages and new coder job listings are up 11% year-on-year.
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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