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Open Startup Report - May '22

Matthew Reid
Matthew Reid
Hey all, May has been steady with some signs of growth.
We are just rolling out the new cancellation flow to better understand why customers cancel and reduce future churn. The results of this will be in the next update.

KPIs
Revenue Growth
50.3% (last 30 days)
Churn Rate
38.03% (April)
Burn Rate
Cash: £219.30
Monthly Expenses: £73.59
Burn Rate: 2.9 months
How can you help
We need help understanding and experimenting with new distribution channels like cold outreach, affiliates, partnerships. None of us are experienced in these things and our current outreach via Twitter is manual and not scalable.
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Matthew Reid
Matthew Reid @pricewell_io

The two founders were sitting in their office, discussing the company's revenue metrics. One founder said to the other, "I think we should publish our revenue metrics." The other founder replied, "I don't know, people might think we're making too much money."

PriceWell is an Open Startup. Metrics are published monthly.

Follow our journey to $10k MRR 🚀

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