Hello
Four months ago, I co-founded bmset.com with a 50/50 partner, G. My focus is on the tech side, while G handles sales, marketing, and database collection.
Operating on an annual subscription model, our platform is currently honing in on a specific niche—catering exclusively to medical students within the department of medicine in our city, totaling around 10,000 individuals. Of these, 8,000 students subscribe at $8, while the remaining 2,000 in residency opt for a $23 subscription. Presently, we've garnered 250 users, including 50 subscribers, with 40 choosing the $24 subscription and 10 opting for the $8 option.
Current Situation:
G has proposed buying my 50% or shutting down the project, opting to refund users and delete the database. This has left me uncertain about the best path forward.
Is selling my 50% a reasonable option given the current challenges?
What's a fair price for my share and the platform, considering our brief history?
Given G's slow pace, should I explore launching independently in other cities?
Platform Stats: We currently have 250 users with 50 subscribers. What role might these stats play in our decision-making?
Handling the Database:
I'm considering managing the database independently using OCR and ChatGPT for explanations. What are your thoughts on this approach?
Four months ago, I co-founded bmset.com with a 50/50 partner, G. My focus is on the tech side, while G handles sales, marketing, and database collection.
Operating on an annual subscription model, our platform is currently honing in on a specific niche—catering exclusively to medical students within the department of medicine in our city, totaling around 10,000 individuals. Of these, 8,000 students subscribe at $8, while the remaining 2,000 in residency opt for a $23 subscription. Presently, we've garnered 250 users, including 50 subscribers, with 40 choosing the $24 subscription and 10 opting for the $8 option.
Current Situation:
G has proposed buying my 50% or shutting down the project, opting to refund users and delete the database. This has left me uncertain about the best path forward.
Is selling my 50% a reasonable option given the current challenges?
What's a fair price for my share and the platform, considering our brief history?
Given G's slow pace, should I explore launching independently in other cities?
Platform Stats: We currently have 250 users with 50 subscribers. What role might these stats play in our decision-making?
Handling the Database:
I'm considering managing the database independently using OCR and ChatGPT for explanations. What are your thoughts on this approach?