Comment by Incipient
10 months ago
>But it's still a great idea.
Define "great".
It has $2m revenue, so it's clearly a great idea (at this stage?) financially and 'people love it' (30% retention)
Technically it's a garbage idea, and I'd say they could get class-actioned without good T&Cs. It's literally impossible to determine the sugar and fat content of a meal.
I'd never make it for the latter reason, however you clearly need to believe in the former to make it big haha.
30% retention means that 70% of people who have paid for it didn't consider it valuable enough to pay for.
The $2m figure is unverified but, even if it was, turnover is meaningless without knowing their expenses. If they're burning through £2.1m in LLM compute and marketing then they're losing money.
Plus, the guy seems like a dick so I'm taking his story with an enormous pinch of salt.