View profile

Open Startup Report - April '22

Matthew Reid
Matthew Reid
Hey all, April has been an interesting month. We’ve seen a small drop in MRR but there are some interesting opportunities ahead.
We’re trialling a partnership with the largest software deals marketplace. A lot of their potential customers aren’t technical and have issues accepting coupons through Stripe. We’ve released our internal coupon tool and are offering them 30 day free trials and full instructions on how to use PriceWell to launch their marketplace deal. The test is in its early days yet.

KPIs
Revenue Growth
-11.65% (last 30 days)
Churn Rate
52.11% (March)
Burn Rate
Cash: £195.18
Monthly Expenses: £72,41
Burn Rate: 2.7 months
How can you help
We’re struggling with distribution at the moment. It’s hard to get in front of the right audience. People on reddit and twitter tend to be too technical to get full value from our product. We need help finding better channels that aren’t expensive.
Did you enjoy this issue? Yes No
Matthew Reid
Matthew Reid @pricewell_io

PriceWell is an Open Startup. Metrics are published monthly.

In order to unsubscribe, click here.
If you were forwarded this newsletter and you like it, you can subscribe here.
Created with Revue by Twitter.