Charlie Ward shares the customer count for Weekend Club, his virtual co-working community for bootstrapped founders.
Insight
Ward: True communities require peer connections that scale beyond founder introductions
“Ultimately the most important thing is make sure you're building connections between other people. It's not like a newsletter, like an audience. You need to make sure you're naturally building those connections and it scales beyond just you having to introduce…”
Assertion Not checkable as stated
Weekend Club's churn rate was 3% over three months
“No, the churn rate in the last three months is about three percent.”
Assertion Supported
Ward: Duolingo users host tens of thousands of language events annually
“Like, Duolingo, like, they get their members to create their own events to practice, like, languages, and they, there's, like, tens of thousands of these events a year, and there's no way they could do this, like, with employees.”
Disclosure
Weekend Club received an acquisition offer before speaking to investors
“I mean, we've had an acquisition offer in the past, but I don't think we've really spoken to investors yet, but I'd probably consider it, you know, see what the terms are on that kind of thing.”
Assertion Supported
Weekend Club reaches $2,148 in MRR
“So we just hit 2148 dollars in MRR about a few days ago.”
Disclosure
Ward originally never intended to charge for Weekend Club memberships
“Originally, I never planned on charging for community You know, I used to think I would never do that, but I realized I can just offer a far better service if we do that.”