ahmedaly's comments

ahmedaly | 5 years ago

If you are interested in investing in a chatbot app targeting middle east and LATAM, please let me know.

ahmedaly | 5 years ago

I started having a good number of users. I started generating revenue, it's small though. market validation is completed.

ahmedaly | 5 years ago

One of the best things about YC is being there at the silicon valley. Otherwise, it would lose one of the most important benefits it offers!

ahmedaly | 5 years ago

I applied several times and they never did. :)

ahmedaly | 6 years ago

I didn't know that. Thanks.

ahmedaly | 6 years ago

That's true. Ycombinator had a startup that was doing captions for youtube videos! Something even smaller than what I do, and the startup was acquired by youtube for $3 Millions, if my memory is not hanging up.

It's based on facebook, it's one of the business challenges we are aware of, but can be extended to other social media websites and on the websites itself.

we are starting small and then we will replicate and expand as we go.

ahmedaly | 6 years ago

How much a churn rate is considered a reasonable one? so I can measure it.

I can force a portion of users to do pay and check the percentage Of the churn rate.

ahmedaly | 6 years ago

One of the most insightful and helpful and energizing responses I ever read!

I can't thank you enough!!

ahmedaly | 6 years ago

yes my numbers are real. No assumptions. All my customers know they will pay at some point.

I like your approach and I plan to do it as a last resort. my point is that I expect at least 30% churn rate when I start charging my customers.

So I prefer to reach 1000 or 1500 sellers signups before starting charging.

$25 is too much for an emerging market like Egypt. I prefer to charge $5 or $6.

ahmedaly | 6 years ago

I am not incorporated anywhere. :D

I need at least $25,000 to push this startup to it's real potential. It will give me 18 months, a point I would be able to monetize comfortably without worrying about churn rate.

After 18 months, and after burning $25,000... this is the point I would reach the break even point, and I might get profitable as well. It's well calculated! Ecommerce is booming in the middle east!

I am providing long free trial - up to 1 year! Still my sellers/users know very well they will be charged after a trial ends. I have 10+ paying customers.

It won't work if I get a job. I am working alone on this, and I have to work full time on this. otherwise I would not be able to achieve such progress!

I do everything! I code, I sell, I provide customer service!

ahmedaly | 6 years ago

facebook is not charging users for using it. still it got a ton of investment!

facebook had a serious trouble monetizing it's service. so no revenue or monetization method is not enough for deciding that this business is not worth it.

ahmedaly | 6 years ago

I will make it as my last resort. I will warn my sellers that I will charge them $6/mo.

This will have a negative impact of high churn rate for sure. But if I will shut it down, then churn rate would mean nothing - it will be shut down anyway!

ahmedaly | 6 years ago

I generated less than $500 over 9 months period. I have 10+ paying customers who pay around $6/mo each.

my business model is charging 2 cents per order processed. Or $6/mo flat rate subscription.

ahmedaly | 6 years ago

Thanks. The active are around 25 only. I am working quickly to help other sellers activate their accounts.

The income is close to zero. I am charging nothing out of it.

ahmedaly | 6 years ago

Thanks so much!

ahmedaly | 6 years ago

We need money. :)

ahmedaly | 6 years ago

The acceptance rate at ycombinator is very low - 1.5% Only who get accepted.

ahmedaly | 6 years ago

It's interesting that in Qur'an 1400 yrs ago, it mentioned that the crow guided Adam's son to burying his brother after he killed him.

Adam is the father of all humans according to Islamic beliefs and his son killed his brother.

ahmedaly | 6 years ago

Yes there is a network effect, if you mean by that, that a user would bring more users in.... like Facebook or so.
page 1