MRR journey
Transistor.fm Revenue: The $4.5M Number the Founders Never Confirmed (2026)
Third-party trackers peg Transistor.fm at roughly $4.5M ARR. The founders only ever confirmed the milestones: $1,400 in month one to "millions in ARR." The real story is the 50/50, no-VC structure two people chose on purpose.
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