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What is the startup? Is it something you can run solo and charge money for?
by cercatrova 4y ago
What is the startup? Is it something you can run solo and charge money for?
- mrweasel 4y agoI was going to ask something similar. First up, I'm not an investor, nor have I ever started a company, but I have worked with and for a couple of investors. 100.000 users are impressive, but we don't know what the plan for monetization is. Is it ads, data mining or just a straight up you give us money, we deliver a service? What's the cost per user, both in terms of operating costs and acquiring? If the plan is to run ads, then maybe forget founding for now and run it as a fun little side project. Then add an option to people donate whatever they feel the service is worth to them. Donations could be a way to keep the thing going until the economic situation changes or until you find a subscription model that will work. Most people won't donate, but then again, so will donate much more than you'd have been able to charge them.