First time I've heard about them. I hope this helps them get a bigger donation pool and support from similarly minded organizations
2M users but no money in the bank
11–20 of 367 posts
Re: 2M users but no money in the bank
#12What does "I've lost faith in the nonprofit business model" mean?
Non-profits have costs they pay. Many famously outlive their founders. Many, like co-ops or credit unions, don't depend on donations/endowments. They have revenue greater than expenses as a matter of basic accounting?
Re: 2M users but no money in the bank
#13Why not charge 5000 users money instead of servicing 2M users for free?
It seems to me if you can’t get 1 in 500 of your users to give you $10 per year then maybe your product isn’t actually valuable or useful and should just shut down.
I say this without knowing anything whatsoever about this product or its utility; it just seems like a general thing. If you have this many signups and you can’t charge even a tiny tiny fraction of them, it means the signup number is irrelevant.
Re: 2M users but no money in the bank
#14The title has a typo - it's Exercism, not Exercise.
Re: 2M users but no money in the bank
#15Where the fuck are the VCs looking at serious hackers with millions of users who haven’t gotten the business model dialed in yet?
Y-Combinator says “build something people want”. Two million sounds like a lot of people.
I’ve only glanced over this so I could be missing some critical fact, but superficially it sounds like pmarca or pg should write a check before the rest of us stop believing in the startup lottery.
Re: 2M users but no money in the bank
#16How are they managing to spend 7.5k a month in server expenses? Are they using AWS?
> Are they using AWS?
Yes!
Re: 2M users but no money in the bank
#17Where the fuck are the VCs looking at serious hackers with millions of users who haven’t gotten the business model dialed in yet? Y-Combinator says “build something people want”. Two million sounds like a lot of people. I’ve only glanced over this so I could be missing some critical fact, but superficially it sounds like pmarca or pg should write a check before the rest of us stop believing in the startup lottery.
Well, exercism is a "not-for-profit organisation registered in the UK" according to the footer of their website.
Edit: It appears that their "not-for-profit" message in their footer is a bit misleading, as explained by those who replied to my comment.
Re: 2M users but no money in the bank
#18How can there be NO money in 2 million users?
Re: 2M users but no money in the bank
#19Where the fuck are the VCs looking at serious hackers with millions of users who haven’t gotten the business model dialed in yet? Y-Combinator says “build something people want”. Two million sounds like a lot of people. I’ve only glanced over this so I could be missing some critical fact, but superficially it sounds like pmarca or pg should write a check before the rest of us stop believing in the startup lottery.
Well, exercism is a "not-for-profit organisation registered in the UK" according to the footer of their website. Edit: It appears that their "not-for-profit" message in their footer is a bit misleading, as explained by those who replied to my comment.
OpenAI is a 501c nonprofit. Doesn’t stop Sam taking big time meetings more often than he checks his email.
Re: 2M users but no money in the bank
#20Why not charge 5000 users money instead of servicing 2M users for free? It seems to me if you can’t get 1 in 500 of your users to give you $10 per year then maybe your product isn’t actually valuable or useful and should just shut down. I say this without knowing anything whatsoever about this product or its utility; it just seems like a general thing. If you have this many signups and you can’t charge even a tiny ti…
They're charging 4000 users. The paywall is ethical.