2M users but no money in the bank
exercism.org
2M users but no money in the bank
1–10 of 367 posts
Re: 2M users but no money in the bank
#2Why is this free? That's the problem here. They'll easily get 10-100x their donation amount if they make this freemium. They don't even have to degrade the core experience.
Life takes energy. You need to make some of it back to survive. Asking for money isn't a dirty thing.
Re: 2M users but no money in the bank
#3[deleted]
Re: 2M users but no money in the bank
#4Why is this free? That's the problem here. They'll easily get 10-100x their donation amount if they make this freemium. They don't even have to degrade the core experience. Life takes energy. You need to make some of it back to survive. Asking for money isn't a dirty thing.
it's that any profit made must be reinvested into the organization to further its mission, rather than being distributed to shareholders or owners.
Non-profit organizations can and often do generate revenue that exceeds their expenses, in other words... profit. The key distinction is how that surplus is used. In a non-profit:
- Profits are reinvested to support the organization's goals and activities. - There are no owners or shareholders who receive dividend payments. - Any surplus funds are typically used to expand services, improve operations, or build financial reserves for future needs.
Non-profits still need to be financially secure.
Re: 2M users but no money in the bank
#5Also internet is flooded with similar learning websites.
First time I've heard about exercism though. Looks cool.
Re: 2M users but no money in the bank
#6Why is this free? That's the problem here. They'll easily get 10-100x their donation amount if they make this freemium. They don't even have to degrade the core experience. Life takes energy. You need to make some of it back to survive. Asking for money isn't a dirty thing.
$7500/mo in donations is also already really, really good. It seems like they could easily turn this into a viable business with some small changes.
Re: 2M users but no money in the bank
#7Kudos for being passionate and providing stuff for free.
A lot of people will probably tell you to add a paywall, not sure it's breaking the "non-profit business model" if you keep the price really low. But at the same time, even a low price would deter some users (myself included) and it would also devalue your content :/
Re: 2M users but no money in the bank
#8Should offer some paid structured courses for $200, and offer a 90% discount for existing users.
Without revenue any company will fail regardless of popularity. A firm may acquire the company for the customer/lead list, but I wouldn't count on that kind of valuation matching the work your team put into the projects. =3
Re: 2M users but no money in the bank
#9out of money, final payroll, no alternative but to go into zombie mode, yet for the last few months the co-founder has been working on his next product which will launch in 2025.
maybe everything that could have been tried was tried but this comes off like some of the effort spent working on the next company could have been spent keeping this one alive
Re: 2M users but no money in the bank
#10How are they managing to spend 7.5k a month in server expenses? Are they using AWS?