Burn money providing a lot for nothing to build brand recognition. Then cut free service before bringing out “premium” that at first works better than the original.
Until a bunch of people starting paying and the resources aren’t scaled up to match.
The important note, the “premium” service works just a bit better than (or maybe identically to) the original before the company cut features in order to develop that “premium” service.
Yep.
Standard VC bullshit.
Burn money providing a lot for nothing to build brand recognition. Then cut free service before bringing out “premium” that at first works better than the original.
Until a bunch of people starting paying and the resources aren’t scaled up to match.
The important note, the “premium” service works just a bit better than (or maybe identically to) the original before the company cut features in order to develop that “premium” service.