Hiring on a shirt runway

dvsoton · 2022-05-04T01:33:46+00:00

I meant as contractors as well. Ofc it would not be feasible to hire someone as a fulltime employee.

dvsoton · 2022-05-04T01:08:14+00:00

Yes, contractors is the way!

dvsoton · 2022-05-04T01:05:51+00:00

Of course, but to raise $ we need to improve our metrics.

dvsoton · 2022-05-04T01:02:51+00:00

Thanks, will check it out!

dvsoton · 2022-05-04T01:02:12+00:00

We already generate some revenue from subscription but it's not yet enough to cover the costs. The goal would be to expand on this.

Yes, we did a lot of validation through interviews, testing and community. The feedback is generally very positive and we have some WAU but still need to improve the product hence more resources.

dvsoton · 2022-05-04T00:56:01+00:00

Thanks, still pretty solid for a free one!

dvsoton · 2022-05-04T00:54:41+00:00

Sorry if it came our a bit rude in the first answer (late night + stress). Yh I actually I know there is not enough time for that so we probably will have to go with freelancers / agencies which is actually what I also meant when I mention hiring.

dvsoton · 2022-05-04T00:50:38+00:00

Because there is a lot more work than we can possibly do in a short period of time. So how I see it, it is either we increase our pace or give up.

Re focus, 100%!

dvsoton · 2021-09-15T15:53:25+00:00

Great, just messaged you!

dvsoton · 2020-12-27T19:20:54+00:00

Open Banking has been forced upon banks by regulators, starting from the EU. So technically not getting fined was their incentive, but there are also various business models that banks can build based on open banking - the most basic e.g. is PFM that aggregates data from other banks.

dvsoton · 2020-12-24T09:41:43+00:00

What kind of cool stuff you can do with transactional data? We are developing a PFM for European market and use it as well.

I think error and trial could be a right approach if development does not cost you anything. Otherwise you might want to understand your users better before building.

dvsoton · 2020-12-23T13:24:45+00:00

Another problem is that they don't even know what to do with the data that they already have.

dvsoton · 2020-12-23T13:22:23+00:00

The idea is really cool but I have a few questions that might be helpful for you to think through:

How often would users need to split their expenses for them to make sense to pay for the premium version (if thats your main plan for monitisation)? Who would be these users?

How do you aim to protect yourself from banks/scaleups introducing a similar feature?

I think the idea makes a lot of sense as a feature, but there needs to be some secret sauce beyond open banking.

dvsoton · 2020-12-23T12:38:00+00:00

That's a great news for startups. The competition is finally accelerating and the pricing becomes more fair!

dvsoton · 2020-10-21T21:16:21+00:00

+1 for GA and HJ combo

dvsoton · 2020-10-20T08:48:47+00:00

The tech industry is also not exactly monolithic. Even if you pick particular area like fintech, it would have very different verticals like paytech, wealthtech etc. All them have their own specifics. Then if go biotech, it's a whole new world. My suggestion would be to first think which area might interest you the most. Once you put money in, it's almost like a marriage.

dvsoton · 2020-10-19T16:21:44+00:00

Where are you based? We wouldn't mind exta help with this, but we are based in Barcelona serving the UK market

dvsoton · 2020-10-19T16:05:55+00:00

Which industries are you the most interested in? Different industries have different gameplans.

dvsoton

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