I've been bouncing around an idea for RoastorToast.io. We've been growing slowly but surely and it's a lot of fun. I'm seeing more and more ways to support the founder community and it's helping me get out of my imposter syndrome shell.
I have been thinking about conducting a "give-back" event where instead of creating an event where I give $1000 away to a single startup, I instead take $1000 and use that to become a paying customer to products that are submitted.
I was wondering if anyone could help me create some loose guidelines. So far I've been asked or thought of the following questions:
Are you going to cancel after a month?: I don't know yet. If I don't have a use for the product but it is really great, then maybe I'll pay for a year in advance and cancel after that. I don't want to increase the churn rate
what if it's an expensive product? Over $100/mo: Still don't know the answer. I want to support startups; some may need it more than others.
How will we determine who gets us as a customer?: I guess it would depend on who submits during this event. After that, probably just who catches our eye.
If you don't mind, throw some questions, suggestions, or anything down below. Thanks IH!