3 ms·

What were they missing? Distribution?

• scott_meade 14y ago
  They were missing two, directly related things: a revenue model and paying customers. (Not meant to be snarky or to point out the obvious, but simply factual.)
  • noinput 14y ago
    Why not spend the afternoon figuring out a freemium vs. paid model, 15 minutes to setup Stripe, a few days setting up an LLC/Inc + Banking account all the while integrating? Worst case you're out a few hundred bucks for the company formation, best case you start making money.
    • thibaut_barrere 14y ago
      Maybe they did the maths and it turns out even with many clients, the current costs are too high (just an hypothesis)? Or it would take much more time than allowed, even with some outside funding? For sure, I find the site is really, really beautiful and polished for a bootstrapped venture. It could maybe have helped to have something less polished but focusing on selling subscriptions earlier on? (no sarcasm really here, real question). If one of the founders is reading, as a bootstrapper myself, I'd love to hear more about the underlying reasons to close.