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Is there a path to profitability near-term? That would give you some time then perhaps you could consider options like taking out a loan instead. It wasn't my
by kypro 4y ago
Is there a path to profitability near-term? That would give you some time then perhaps you could consider options like taking out a loan instead.
It wasn't my startup, but I was the third employee of a small startup which we had to shut down despite having a few hundred paying customers after failing to raise money. In our case though it was clear the business wasn't financially viable. We would have needed something closer to ten thousand customers to have broke even.
In your case 100k monthly users seems like quite a lot. You'd only need to be making a few dollars per user to have a decent amount of turnover. I'm guessing this is free service or something?