youngelderly

It's true. I remember when profitability was the goal for companies. It's disheartening to see how much dependence there is on VC funding these days, rather than striving for self-sufficiency through revenue generation.

The co-founders are closely connected to the VC funds, and they are individuals with strong networks and an exceptional ability to raise money.

> 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.

Edit/Fix: 3,500/Month -- not week, sorry :-(