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“We were essentially paying ten dollars for a premium subscription and the economics worked for us but it just didn't scale as much as we were hoping. We killed it after like a year.”
Referral program paid $10/sub, broke even, killed after a year
Lose It!'s referral program paid $10 per converted premium signup. It broke even but never moved the needle. Worse, treated cohorts had lower LTV than untreated — meaning they were probably paying for shares that would have happened anyway. The funnel math is brutal: 5% of exposed users share, 5% of their friends convert. Killed after a year.
A
Aaron Webster Schaller & Paul Apollo
Lose It!Bootstrapped freemium since 2008 · profitable 2017 · bought back Series A in 2020 · exited to Ziff Davis 2022, fully employee/founder-owned
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Achieving Mission & Profit with Freemium Apps· 27:40