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30 million users generating no revenue. edit: and retention rates were abysmal. 30 million people signed up is a vanity metric. actual "users" was a very, ve
by bherms 14y ago
30 million users generating no revenue.
edit: and retention rates were abysmal. 30 million people signed up is a vanity metric. actual "users" was a very, very small fraction of that
- chaz 14y agoI have a hard time criticizing someone for taking a ride on something that was grew from 0 to 30 million uniques in 6 months, just to see where it goes. You're right it wasn't super sticky and failed to drive long term utility for users, but I think most of us here would want to take a swing at that kind of growth and turn it into something that had long term value.
- eth 14y agoThank you for summarizing what I was really trying to say here, chaz. Even half of YC's consumer focused tech companies should be so lucky. The team, the direction they took the product, and the VCs/funding aside, Ade's clearly massive effort is inspiring and should be congratulated rather than completely drown out with sarcasm.
- iampims 14y agoCorrection: generating revenue. Just not enough to cover the costs.