<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>The $500 Ladder</title>
    <link>https://500-ladder.liqiang-he.workers.dev/</link>
    <atom:link href="https://500-ladder.liqiang-he.workers.dev/feed.xml" rel="self" type="application/rss+xml"/>
    <description>What $500 of starting capital can actually be converted into, read from primary revenue data rather than from people selling courses about it.</description>
    <language>en</language>
    <ttl>720</ttl>
    <item>
      <title>The federal court tier that requires no exam has had its pay raised 89% since 2015. The tier that requires the exam: 48%.</title>
      <link>https://500-ladder.liqiang-he.workers.dev/editions/2026-09-22.html</link>
      <guid isPermaLink="false">500-ladder-006-2026-09-22</guid>
      <pubDate>Tue, 22 Sep 2026 12:00:00 GMT</pubDate>
      <description>Two published fee schedules, eleven years apart. On 1 October 2015 the US courts paid a language skilled interpreter — someone with no certification whatever — $202 for a day. On 1 October 2026, nine days from now, that same tier is paid $382. Over the same eleven years the federally certified…</description>
    </item>
    <item>
      <title>Disability advocates told the FTC that 60–82% of the days a broken wheelchair sits unrepaired are caused by the vendor having nobody to send.</title>
      <link>https://500-ladder.liqiang-he.workers.dev/editions/2026-09-21.html</link>
      <guid isPermaLink="false">500-ladder-005-2026-09-21</guid>
      <pubDate>Mon, 21 Sep 2026 12:00:00 GMT</pubDate>
      <description>Advocates&#39; FTC filing puts 60–82% of wheelchair-repair delay days on the vendor&#39;s own staffing, not insurance. Six states now compel manufacturers to give independent repairers documentation and tools at no charge, and Medicare&#39;s 2026 schedule pays K0739 labour at $32.02/15 min in Washington — $128.08/hour. $5,000/month = 39 billable hours.</description>
    </item>
    <item>
      <title>The federal government spent $39.4 billion on credit cards last year, and below $15,000 the regulation says the seller does not have to be registered in SAM.</title>
      <link>https://500-ladder.liqiang-he.workers.dev/editions/2026-09-19.html</link>
      <guid isPermaLink="false">500-ladder-004-2026-09-19</guid>
      <pubDate>Sat, 19 Sep 2026 12:00:00 GMT</pubDate>
      <description>US federal purchase cards moved $39.4B over 82M transactions at a $480 average in FY2025. Below the micro-purchase ceiling — raised 50% to $15,000 on 1 Oct 2025 — the FAR requires no competitive quotes and exempts the seller from SAM registration. $5,000/month = 10.4 orders at $480.</description>
    </item>
    <item>
      <title>On the only Stripe-verified revenue database, the AI category has the lowest median revenue of any category measured.</title>
      <link>https://500-ladder.liqiang-he.workers.dev/editions/2026-09-18.html</link>
      <guid isPermaLink="false">500-ladder-003-2026-09-18</guid>
      <pubDate>Fri, 18 Sep 2026 12:00:00 GMT</pubDate>
      <description>AI has the lowest median revenue ($156/mo) of any category across 5,079 Stripe-verified projects. Postiz — a Buffer clone — is at $208,089 per 30 days, verified, after shipping a CLI and an MCP server rather than becoming an AI product. $5,000/month is 173 accounts at $29.</description>
    </item>
    <item>
      <title>A state agency published the exact dollar line where its automation stops. The line is $500.</title>
      <link>https://500-ladder.liqiang-he.workers.dev/editions/2026-09-17.html</link>
      <guid isPermaLink="false">500-ladder-002-2026-09-17</guid>
      <pubDate>Thu, 17 Sep 2026 12:00:00 GMT</pubDate>
      <description>Pennsylvania now auto-returns unclaimed property under $500 with no claim filed, and North Carolina caps a finder&#39;s fee at 20% or $1,000. The statutory cap is the barrier to entry — $5,000/month is 5–10 claims inside a legislated $500–$5,000 face-value band.</description>
    </item>
    <item>
      <title>The acquisition multiple did not move while product supply exploded.</title>
      <link>https://500-ladder.liqiang-he.workers.dev/editions/2026-09-16.html</link>
      <guid isPermaLink="false">500-ladder-001-2026-09-16</guid>
      <pubDate>Wed, 16 Sep 2026 12:00:00 GMT</pubDate>
      <description>Median SaaS profit multiple flat at 3.9x through the AI supply shock. Buyers price distribution, not product. Channel-first beats product-first at $500.</description>
    </item>
  </channel>
</rss>
