Now you’re just making up statistics or providing statistics from your deal flow. Shopify survivorship is 51.6% at 5 years (published by Shopify). BLS average survivorship at 5 years is 65%. Maybe your experience is 99% fail, which would mean you would have done/seen 100 deals (unlikely), or you just want to be right and beat down on people on the internet.
d_sakamoto
joined 11 months ago
Well the nice thing it’s up to the OP to decide what to do with our advice: take your advice and do nothing, which may be more valuable than trying again, but it’s definitely $0. However, there are lots of people making millions on Shopify because they have a captive audience that relates to the founder’s story. If you know 1,000 similar patients to you, you can make a living.
I don’t know the financial circumstances of the OP. Will this make $1B? No. 2% of adult population, 4M Americans, 330k users on PatientsLikeMe (guessing 10% with fibromyalgia), buying private-label consumables at a 40% gross margin. Sounds like an easy way to $1M EBITDA. $4M in a few years may not be a lot to you, but it’s a lot to a lot of people.
Have you tried giving a more specific answer? Pretty sure if you said, “Atlanta” or any major metro no one would question it. Every white person from Michigan gets asked where on the hand.
Last, I didn’t realize this until later in life (half Asian), but people asked me that because they were genuinely curious and thought I was attractive. The curiosity may be a compliment, not judgement.
Huge grey area. I like to think I work a “chill 60,” which means my work day/week seems fairly normal (and probably less than 40) but the reality is I’m working more like 60-80 because the business is always on my mind.
Yes, marketing costs are super high right now on average because the market is flooded with cheap content. However, the OP is probably already in a bunch of support groups on different platforms full of patients trying to find similar answers. This is the case for most specialty patients. Don’t know if your experience would counter this argument, but this is from my experience working with a large biotech client in specialty pharma and helping a friend with POTS develop a product.
Yes. It’d be easy to market: just tell your story on PatientsLikeMe. Publish your socials too. You’d need your be shameless, which has its own grievances, but you’d definitely make a business
Whatever the slang is for sketchy transactions in the UK
Yes. Every time