> But you say your burn rate is $500k/mth. Which suggests that there is a further $455k/mth being burnt on whatever. I just don't see how you'll ever become cash-flow positive.
$455k/month is allocated to salaries, software's, and office expenses.
> Based on your numbers, I'm guessing you have about 40k customers
Every month, we acquire approximately 3,500 new customers. Our retention of existing customers is low due to the nature of our marketplace, which has low-frequency usage.
$455k/month is allocated to salaries, software's, and office expenses.
> Based on your numbers, I'm guessing you have about 40k customers
Every month, we acquire approximately 3,500 new customers. Our retention of existing customers is low due to the nature of our marketplace, which has low-frequency usage.
Edit/Fix: 3,500/Month -- not week, sorry :-(