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We're not there yet, but we're trying :) Some other companies that are tracking towards sustainable success that we look at are: * Oura * Wyze * Peloton (th
by nrp 5y ago
We're not there yet, but we're trying :)
Some other companies that are tracking towards sustainable success that we look at are:
* Oura
* Wyze
* Peloton (though they made some growth mis-steps)
All three of those follow a subscription model to get off of the "‘consumer electronics’ release cycle" that Eric calls out in his post. That's not the model that we're following, but we do have an alternate strategy to avoid falling into that same trap.
- antupis 5y agoAlso I think these three companies founders are not typical SV founders but have like strong executive background from Amazon, Nokia and Barnes & Nobles.
- gnicholas 5y agoWyze isn't doing so hot, after just forcing everyone onto a subscription to maintain the functionality they thought was included with the product they purchased. To their credit, they let you 'subscribe' at $0/mo, but the pressure to pay was quite strong. They also didn't message it well — my brother got email warnings, but I (a longtime customer) received none.
- jfkimmes 5y ago> We're not there yet, but we're trying :) Thank you for trying! You have an amazing product and provided much needed innovation in this space. (Written from my Framework Laptop)
- jerlam 5y agoI'm surprised to see Oura mentioned here as a success. They don't have a single customer currently paying for a subscription (everyone would still be within the six month free trial) and haven't released most of the features included in their subscription offering. It's doubtful that most of their users would pay for the subscription. The feedback was presumably so bad that their CEO left the company less than two months after the announcement of the new product and subscription model.