Investor Update – April 2026

Dear investors and friends, Val Town is the delightful place to build and deploy lightweight apps. Our mission is spreading the joy of programming. April 2026 We worked our butts of trying to grow Teams ($200/mo) with a hands-on, founder-led funnel. We had a lot of good conversations and learned a ton, but the results weren’t where we wanted: we closed 4 Teams plans against a goal of 14. The biggest lesson is that we’re spending too much time manufacturing demand in one off conversations – explaining our offering and brainstorming use-cases with users – and not enough time doing work that compounds: use-cases, templates, and stories that create warmer inbound. May 2026 The good news: there are real broader market tailwinds. The demand for vibe coding internal tools and prototypes is incredible, and they need a great place to deploy. It seems like original mission of "end-user programming" is in sight way sooner than we could've imagined. This is what Val Town is designed for: instantly-deployed endpoints, on the web, collaborative, with built-in SQLite. Our goal for May is to grow MRR 20% – and we're open minded about if this growth comes from 150 Pro vs 15 Teams subscriptions. Our focus is Claude Code + Val Town MCP. Claude Code is a phenomenon. Some of our best new users are already using us this way. I spent all day Sunday rebuilding my passion project, Date Me Directory, with Claude Code + Val Town MCP, and it was a delight. We are going to double-down with lots of content, guides, product-updates, tweets, videos, and emails so that our users, and the broader ecosystem knows that Val Town is a great companion for Claude Code. (And other agents.) Key numbers Team: 5 (+1 starting in June) Hiring: 1 (Infra Engineer) Revenue Growth: 8% (Goal: 20%) Highlights - 8% revenue growth (4 new Teams subscriptions) - Hired our 6th team member - Val layout redesign Lowlights - Missed 20% revenue growth goal Best, Steve