Open Startup Report - April '22

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.

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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.