37
black
that cartoon you saw that made you feel weird
idiot flirt
underworld fagdyke
terminally horny for nonsensically specific shit


staff
@staff

hi everyone,

we wanted to share an update regarding our previous financial update. If you haven’t read that post yet, go check it out first.

in this post we want to respond to some common questions and suggestions, provide an update on what we’re planning to do next, and tell you how you can help.

the numbers

first off: an update on how numbers have changed since our update on Monday. we’ve seen a large increase in cohost plus subscriptions, exceeding our expectations significantly. these numbers are accurate as of yesterday, March 14th (stripe only updates every 24-48 hours):

CategoryAs of March 14As of March 11Change
Active subscribers3,3112,630+25.9%
Monthly Recurring Revenue (MRR)$21,467.49$14,536.03+47.7%
Subscriber churn rate1.63%2.63%-38%
Revenue per subscriber$6.48$5.53+17.1%
Monthly active users (MAU)30,14929,846+1%
MAU -> Subscriber conversion rate11%8.8%+25%

this is all, objectively, really great! it has been motivating over the last few days to see how much cohost means to a lot of y’all. even with this boost in MRR, we’re still operating at a loss of, on average, $17k per month, so we’ve got some other plans to help make that up.

the good news is the cash infusion from this recent subscriber wave (a bit over $20k after payment processing) combined with some funding offers we’ve received means we’re comfortable saying we’ve got at least six more months to make up that shortfall in one way or another.

more details follow! keep reading!



alyaza
@alyaza
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alyaza
@alyaza
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adorablesergal
@adorablesergal

It feels like we're just a few years away from needing to bring back sneakernet


mrhands
@mrhands

I wrote about the problem here: https://cohost.org/mrhands/post/1843405-great-question-unf

Essentially, every website needs to use Mastercard or Visa to process payments, and especially the former is under the influence of a lobbying group that aims to remove all adult content from the Internet. They're slowly but surely succeeding, by the way.