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by clarky07 4370 days ago
Yeah I got the same feeling when I read it. The investment is clearly in the team and not the initial metrics.

I just launched a fitness app about a month ago and every single metric I have is better than theirs, yet I'm not overly pleased. It had more than double their download rate, more than double their conversion to subscription, and significantly more (though still not meaningful) revenue. The thought of raising 6 figures based on this seems bizarre and absurd. Perhaps if I wanted to (I don't really) we could raise some for it, but the thought hadn't even crossed my mind.