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General questions on starting up
Question.

I have launched an app as pilot in one closed geography for hyperlocal delivery. App has 1k+ download and daily 50+ orders within a month. Should I reach out to investor or wait and continue to acquire more customers for next 3 to 6 months?

Rao

4 months ago

Answer.

3 months ago

Start engaging...but don't have too much expectation , just keep sharing what you achieved after 3 months , even if you don't raise the fund now

Question.

Low SKUs with high customization OR High SKUs with no customization. What works best?

Siddharth Shah

4 months ago

Answer.

techfreak

4 months ago

High customization = high bandwidth requirement, and time = money. So only go for Low SKUs with high customization if you are able to charge high for it. Earning $1mn at 1% Gross margin and earning $100k at 10% gross margin is the same. In the end gross margin flows towards profitability. Choose your path.

Question.

Which industries/niches haven't changed with the times?

techfreak

4 months ago

Answer.

Siddharth Shah

4 months ago

Politics, Government & Plumbing!

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