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I 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. 1
by mrweasel 4y ago
I 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.