4 ms·
Congrats on getting traction. I think you are too small to consider funding. Even though you are downmarket I would look at raising your plans. Looks like you
by saluki 8y ago
Congrats on getting traction.
I think you are too small to consider funding.
Even though you are downmarket I would look at raising your plans. Looks like your average is around $23. Even though you are downmarket of clearbit they should be higher.
You can grandfather in your existing customers. But I would rework your pricing so you start at $49 min and move up from there. Structure your plans where the more value your clients get their plans increase accordingly. So build in a way to upgrade them to higher plans as they use your app more.
$1-2k per month sounds like a lot to support 30 customers. Look at ways you can still provide a great app/support and lower your burn rate.
Don't look for funding, maintain control and keep adding signups. That $1-$2k is you investing in your business and then you can have 100% of the profit in the future. I think you can lower your burn rate though.
Good luck taking it to the next level.
If you haven't checked these out yet give them a listen:
DHH Startup School Talk
https://www.youtube.com/watch?v=0CDXJ6bMkMY https://www.youtube.com/watch?v=0CDXJ6bMkMY
Listen to their archive, great tips and inspiration from what Rob has done over the years.
http://www.startupsfortherestofus.com/archives http://www.startupsfortherestofus.com/archives
Search for patio11 on here and check out his posts, podcast and book.