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5 pointsby spxdczover 3 years ago

1 comment

spxdczover 3 years ago
We&#x27;ve been building the freemium website for a few years. We launched paid plans in Feb ($19&#x2F;m for additional features and higher limits), which grew slowly over the last 6 months, but not to a point where they were covering costs, or likely to any time soon.<p>The site is popular though - we get about half a million pageviews a month, and have about 7k subscribers to a daily newsletter, and growing every month. We just weren&#x27;t getting Pro signups - the value prop wasn&#x27;t there.<p>We could have put more of the free features behind the paywall, but the industry is getting ultra-competitive, with all our competitors reducing their subscription prices. So with the trajectory of &quot;the value of the data is going to zero&quot; together with &quot;the best way to help everyday investors is to give everyone access to the same information&quot;, we decided to change business model and switch to ads&#x2F;sponsorship (to be implemented soon), which estimates seem to suggest will allow us to much more easily cover our monthly costs.<p>Any feedback&#x2F;comments&#x2F;etc, please let me know!