Re:Exercise has 2M users but no money in the bank
by elAhmo on Friday September 06, 2024 @05:33AM
(#41464477)
With those stats, even with just 4% of people wanting to learn, and just a fraction of them actually paying, that would be dozens of thousands of paying customers. Even at 1USD per month, it seems a relatively sustainable business.
Re:Exercise has 2M users but no money in the bank
by FollowingTheDao on Friday September 06, 2024 @06:10AM
(#41464642)
Yeah, I think he is confusing "non-profit" with "non-payment". You can have a non-profit company with paying customers. I think he need to take a basic economics class.
Re:Exercise has 2M users but no money in the bank
by sealeck on Friday September 06, 2024 @05:46AM
(#41464539)
I think the tone of this comment is unnecessarily condemning (apologies if I am reading it incorrectly) – I can totally understand why someone who has worked for years on a non-profit business which has created a lot of value for people (I think exercism is pretty good software) might want to be able to at least pay themself.
Re:Exercise has 2M users but no money in the bank
by kelnos on Friday September 06, 2024 @06:22AM
(#41464716)
Non-profit doesn't mean you didn't get to pay yourself. It just means that any revenue that exceeds expenses must be reinvested into the business.
Re:Exercise has 2M users but no money in the bank
by slkjdlskjdklsd on Friday September 06, 2024 @06:46AM
(#41464868)
That sounds like Amazon to me.
Re:Exercise has 2M users but no money in the bank
by JCharante on Friday September 06, 2024 @10:23AM
(#41466519)
Except amazon shares would be worth much less if there was a promise of no dividends ever
Feels like you've been kickstarting a competitor/pivot on the side.