Story Arbitrage (StoryArb)

Ghostwriting agency helping B2B executives build audiences on Twitter and LinkedIn

storyarb.com Founded 2023 By Alex Lieberman
MRR $84k
Users 12
Stage Early traction
Category B2B SaaS
Starter Story The Multipreneur: He’s Building A $10M Portfolio of Income Streams
Growth roadmap

6 moves, in order

  1. Pre launch / Idea Validation
    Twitter personal brand

    Posted a single tweet offering ghostwriting services for executives willing to pay $5–10k/year, asking interested people to DM him. No product existed yet — purely a demand test.

    25 DMs received, validating demand before building anything
  2. MVP / Manual Delivery
    Direct outreach manual ops

    Manually matched early clients with two freelance ghostwriters. Set up a Slack channel as the entire operational infrastructure. No formal agency tooling or processes.

    First paying clients onboarded; business validated with zero upfront investment
  3. Month 2–3 / Legitimacy Check
    Organic referral word of mouth

    After 2–3 months of running clients through Slack with freelance writers, assessed whether there was enough traction and signal to justify hiring a CEO and formalizing the business.

    Decided business had enough legitimacy to advertise for a CEO hire
  4. Scaling / CEO Hire
    Executive hiring

    Hired a full-time CEO to run the business day-to-day so Alex could step back to 5–10 hours/week. CEO compensation structured as $100–200k salary plus 10–50% equity with quarterly profit distributions post product-market fit.

    Freed Alex from operations; business now run by dedicated CEO with aligned incentives
  5. Current State / $1M ARR
    Inbound referral executive network

    Grew to 12 clients at $7,000/month each. Service model: monthly interview with client, ghostwriters + content strategist produce 12 pieces of content per week per client. Team is 2 full-time employees and 3 freelance ghostwriters.

    $84,000 MRR / ~$1M ARR; 30–35% profit margins
    MRR $84k Users 12 users
  6. Ongoing / PMF Measurement
    Retention and nps tracking

    Defined product-market fit as: (1) 50%+ of clients would recommend StoryArb to their network where their own reputation is on the line, and (2) average client retention reaches 10 months (vs. industry norm of 3–5 months). Actively tracking both metrics.

    PMF not yet declared; retention improvement is the primary focus before scaling customer acquisition
    MRR $84k Users 12 users
First 100 users

Alex posted a single tweet saying: if you're an executive who believes in the power of building an audience but don't have time or skill to do it yourself and are willing to spend $5–10k/year to have someone help, DM me. That tweet generated 25 DMs — demand validated before the product existed. With those inbound leads, Alex manually connected early clients with two freelance ghostwriters and set up a Slack channel as the delivery mechanism. There was no formal product, no agency infrastructure — just a channel to link client to writer. He explicitly describes this as "building the plane as you're flying it."

Unfair advantage

Alex co-founded Morning Brew, which grew to 200 employees and $75M+ annual revenue before being sold to Axel Springer. He has a massive personal following on Twitter/LinkedIn, deep credibility in the B2B media and executive space, and direct access to the exact ICP (founders and executives) he is selling to. His audience and reputation made the validation tweet unusually effective — a typical founder would not get 25 qualified DMs from a single post.

Scaling channel

twitter_organic_personal_brand

What didn't work

Not explicitly discussed. Alex noted that the industry benchmark for ghostwriting agency churn is 3–5 months average client retention, which he considers a major risk and is actively trying to solve — implying retention is a known failure point for competitors in this space.

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The Multipreneur: He’s Building A $10M Portfolio of Income Streams

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