Memex.Social - Grant Report #2 January 4th 2021
Done in December:
- Increased Subscriptions from 550 to 600 paying 2-3€/month.
- 80% Conversion Rate from free trial to subscriptions.
- 1200 Beta testers, up from 800 in November!
- Finalised mockups for user profile and integration with WebMonetization standard. I think the upload downscales the image slightly. Better opening it in a new tab with this link.
- Did a goal setting workshop. Prime goal:
- WorldBrain is profitable by July 2021, requiring us to cross 35k in MRR
- User Research has shown these features to be critical (in order of execution)
- Following Collections
- In-page annotation based discussions
- 3+ Device Sync
- PDF Annotations
- Nested Collections
- Bulk Edit
- Finished, but not launched yet: Notifications for received replies and updates to followed collections
- Following other people's collections
- Finishing features to deliver base grant requirements (leaving still 1-2 months left on the timeline 🎉):
- follow other people's collections
- User profiles including WebMonetization integration
- view and respond to annotations from followed collections in web sidebar
- Preparing beta rollout of above features to key influencers in our network and beta community
- Raising another 200k to support our development team so we can improve speed to build features necessary for profitability.
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