Read on Twitter
A question we often get -
WHEN IS @amxindia LAUNCHING NEW PRODUCTS?
Let’s answer this -
1) Designing, launching, marketing a new product from ground up requires significant investments, which we as a bootstrapped startup are currently not able to afford.
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WHEN IS @amxindia LAUNCHING NEW PRODUCTS?
Let’s answer this -
1) Designing, launching, marketing a new product from ground up requires significant investments, which we as a bootstrapped startup are currently not able to afford.
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2) Our MRR is currently lower than ₹10,00,000. This is all without any forms of paid advertising or SEO.
3) Our MRR is SEVERELY throttled, since we run out of inventory well before we’re able to replenish it.
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3) Our MRR is SEVERELY throttled, since we run out of inventory well before we’re able to replenish it.
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3) Why? Payments are delayed by upto 2 months and production lead time is another 2 months, which means we need 4 extra months of inventory, which again we’re really struggling with, due to finance.
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4) This has been further AMPLIFIED by COVID as investments that were expected have been paused.
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I hope this answered your question. We’re excited by new technology but we also need money.
If this thread garners interest, I’ll go into a bit about our next steps. :)
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I hope this answered your question. We’re excited by new technology but we also need money.
If this thread garners interest, I’ll go into a bit about our next steps. :)
