How Opal Reached $10M ARR with 11 Employees
with Kenneth Schlenker — Founder & CEO
Opal became the world's #1 screen time app and reached $10M in ARR with a team of just 11. Kenneth Schlenker on doing more with radically less.
In this episode
- After spending more than a decade as a serial entrepreneur, Kenneth founded Opal in 2020 with the mission to "align technology with human wellbeing" because he believed it was more important than ever for people to track their screen time and understand the role it plays in their lives.
- In 2022, when Apple launched its Screen Time API, Opal seized the first mover advantage and used this opportunity to reinvent screen time tracking, propelling itself to $10M in revenue by 2025 despite keeping its team very lean.
- From early on, Opal was laser focused on D8 ROAS as its primary growth metric, because Kenneth wanted to ensure the company could convince enough subscribers to pay for its product that they could grow reliably through paid ads.
- More recently, Opal has invested in gamification to boost motivaion and retention, as well as word of mouth and incentivized referral programs to help supplement paid user acquisition with organic growth.
- AI is making social networks and games even more addictive, which makes Opal even more important than before. Longer-term, Kenneth plans to expand beyond screen time tracking to other use cases that align technology with human health and happiness, and to also market the product to companies, schools, and insurance companies in addition to individuals.