News for hackers. Stuff that matters.
Re:Exercise has 2M users but no money in the bank by philipwhiuk on Friday September 06, 2024 @05:12AM (#41464375)
> For the last few months, I've been working on a new educational product teaching coding fundamentals that I'm going to launch in 2025. 96% of people who try to learn coding give up - which I find unacceptable, so I'm aiming to change that.

Feels like you've been kickstarting a competitor/pivot on the side.

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
Re:Exercise has 2M users but no money in the bank by ihid on Friday September 06, 2024 @05:13PM (#41469773)
Thanks, yeah. New product will hopefully mean I can keep funding and growing exercism. They're very synergistic and will support each other.
Re:Exercise has 2M users but no money in the bank by JCharante on Friday September 06, 2024 @10:27AM (#41466544)
Charging people $1 on sign-up would probably lower that 96% metric