5 ms·

20% margin? Are you sure? Have you accounted for shipping fees, cancellations, ads and returns? I rarely have met sellers who exceed 5-10% margin

• ikeboy 9y ago
  I started last year with 10k in the bank and ended with around 100k. I know I made 30k or so from various unrelated stuff, but the 20% number is realistic.
  • ganeshkrishnan 9y ago
    if I were you, I wouldn't apply for funding. I would just go ahead and scale it. For our startup funding is life or death situation. The number of users is overloading our CPU and if we don't scale up, everyone leaves. I would love to avoid approaching VC's and spending months talking to them, demoing them products etc. I would rather be working and scaling up my own product
    • ikeboy 9y ago
      Are you profitable? Can you work smart and reduce CPU usage, cache static info, etc? Raise by offering yearly discount for upfront payments to subscribers?
      • ganeshkrishnan 9y ago
        Yes I am profitable but I can't take more users and I might lose the existing ones because the system is overloaded and the accuracy of ML algorithms are laughable.