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The economics don't make sense by just simply pouring more money into the problem. If they need to hire an additional employee to support that $60k ARR they'll
by anthony_franco 11y ago
The economics don't make sense by just simply pouring more money into the problem. If they need to hire an additional employee to support that $60k ARR they'll be heading into the red in terms of net profits.
They also probably figured that's true given they already raised $500k so they actually do have additional capital at their disposal. They're not bootstrapped anymore. Smart move to pull the plug and rethink things.
- jusben1369 11y agoYep. Not at $60K per annum. That's why I talked about how big the opportunity overall was (what % of the market did they capture in those 2 months?) Maybe being just on Stripe it's too small vs supporting other subscription offerings.