Hi all
I wanted to share some excellent news with you. We've done it… After what's been a challenging few months, I am pleased to say we've secured our financial footing. The combination of our Ad Free subscription revenue, ongoing advertising income (albeit declining!), and a new partnership deal we've finalised with Vanilla …. means we now have at least 14 months of runway ahead of us.
This breathing space is exactly what we need to focus on more sustainable growth rather than firefighting, and it gives us the time and headroom to explore how we continue building our subscription base whilst hopefully identifying new revenue opportunities that make sense for the community.
It's been a tough period, there's no denying that, but this outcome is genuinely great news for Boards and for everyone who cares about this platform.
I am going to share a bit about how we build Boards.ie's future together - not just as something I'm driving, but as something the community has real involvement in. I’m hoping some of you will be interested in helping shape this, but I want to be realistic about what that looks like in practice and how we get there. This isn't something that happens overnight and I'm setting a timeline of roughly a year to see whether we can make community stewardship - or genuine community involvement in Boards' future - a reality… and the conversation starts now.
None of us want to go through another year like this one - myself and Mike particularly.
I want to give Mike proper credit here: his work throughout this pretty difficult period has been excellent, and his dedication to keeping Boards alive has been unwavering. So big thanks from me Mike. Also to a massive thanks to everyone that subscribed and continues to do so. We could not have done this without everyone weighing in behind this - and it is not just helping short term - it can keep Boards.ie alive into the future.
So, hopefully we have an opportunity to build something more sustainable and resilient together, so we're never in this position again.
Myself and Mike are going trick a treating so taking the weekend off! We will be back over the course of next week to share some more info but I thought we would end the week with a good news story! Have a lovely weekend, everyone, and thank you for your continued support.
Best wishes,
OG
PS - to-date our subs have generated €32,272.00. These funds have sat in our Stripe account until we knew our fate - I will be drawing them down next week and 100% of proceeds will go towards paying for a year in advance of platform hosting fees.