Shutting down after 3.5 years & $1.9M in revenue
by Ryan FrahmWe've decided to shut down to focus our efforts on other opportunities in the E-commerce space. This is a very hard decision to make, as Shoppe has been central to my identity for so long. But it's the best way forward at this point for us and will allow us to move even more quickly towards our future goals.
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Hi Ryan, why forgo recurring revenue ?
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good luck with your new path :)
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Thanks!
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Why not sell it?
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The product lost product market fit, we couldn't find a buyer, and the niche has moved a lot in the last 3.5 years.
Selling the product in 2017 would have been the play.
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Hi Ryan, a bit confusing. Are you shutting down you profitable business?