Good news: we have lowered the costs
A few days ago, I announced good news. We have reduced costs:
- from around 240-290 thousand PLN monthly (60-72k USD)
- to the level of 128 thousand PLN monthly (32 thousand USD),
- so we have reduced costs by half.
We have parted ways (amicably!) with a few people. All of these individuals performed their tasks well. We simply downsized the team to the absolute minimum necessary. Until we start generating profits. If we want to develop the platform, it is probably not possible to reduce further.
This means that ccFound is now in a safer position. The funds were supposed to last us until the end of the year - as I wrote in the last report for investors (link). According to current calculations, the funds will last us until October or November 2025. If we receive a tax refund, it may even last a few months longer.
A few days ago, I announced good news. We have reduced costs:
- from around 240-290 thousand PLN monthly (60-72k USD)
- to the level of 128 thousand PLN monthly (32 thousand USD),
- so we have reduced costs by half.
We have parted ways (amicably!) with a few people. All of these individuals performed their tasks well. We simply downsized the team to the absolute minimum necessary. Until we start generating profits. If we want to develop the platform, it is probably not possible to reduce further.
This means that ccFound is now in a safer position. The funds were supposed to last us until the end of the year - as I wrote in the last report for investors (link). According to current calculations, the funds will last us until October or November 2025. If we receive a tax refund, it may even last a few months longer.
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