Hi everyone, hope that your 2025 is off to a great start! Today's update covers highlights from the past two months, including user + activity milestones, the completion of the CoffeeSpace 'CRM', a new success story, our radio + podcast appearances, and a special bonus content of a Spotify-inspired 2024 Wrapped! :) Let's dive in.
📈 Growth & Traction
🚀 Milestones: 500,000 Swipes and 10,000 Users
- Activity levels have consistently increased, and we've now passed half a million swipes!
- 10,000+ users and growing: This milestone amplifies network effects, increasing the pool of potential cofounders and improving match quality for everyone.
- Our current conversion rates: 16.8 swipes -> 4.0 invites -> 1 match (aggregate: 595,000 swipes -> 143,700 invites ->35,500 double opt-in i.e. 17,750 matches)
🌐 The launch of our "Find a Cofounder" tab on our website
- As shown in the "San Francisco founders in numbers" graphic below, we have created the "Find a Cofounder" tab on our website where you can explore the granular stats for the cities & countries around the world where CoffeeSpace users are located.
🕸️ Overall CoffeeSpace User Demographics
- Portfolio: 50.5% engineering, AI/ML : 49.5% operations, sales, design
- Idea Status: 59.8% open to ideas/exploring : 40.2% committed
- Prior Startup Experience: 6% exited : 37% founded : 33% worked : 24% no prior exp.
- Geography: 50% North America : 27% Asia : 15% Europe : 4% Africa : 4% Others
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📱 Product
📋 TheCoffeeSpace CRM is now complete! (Exhibit A)
- With the "Sent" and "Passed" lists launched, the CoffeeSpace CRM is officially complete.
- Check out all of the recommendations you've ever had whether you sent an invite, passed, or saved for later in the invites tab!
🧧 Check your rewards wallet (Exhibit B)
- Many have reached out asking about how to redeem your referral rewards for those who joined with a code, so we prepared a simple GIF demo that shows how to redeem yours.
✅ Bugs Resolved + Oct User Requests Implemented
- 1) Reappearing pop up bug on feedback is gone, 2) Reappearing recommendations bug resolved, 3) Activity and newness scores implemented within the matching algorithm
🔮 What’s Next in the Pipeline
- 1) 'New here' Tag, 2) 'Active today' tag, 3) Revised/optimized onboarding, 4) A cheaper 'Premium' tier in addition to the current Business tier
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📢 Extras
🌟 CoffeeSpace made its debut on radio and podcast!
- W unpacking the topic of "Co-Founder Dating Mistakes and How to Avoid Them" over a podcast with Jeson Lee which you can check out on
- We also unpacked the topic of "Co-Founder Dating Mistakes and How to Avoid Them" over a podcast with Jeson Lee which you can check out on Youtube or LinkedIn.
🎁 Bonus Content: Our Spotify-inspired 2024 Wrapped
🎉 CoffeeSpace Cofounder Success Story: Abdul, Dave & Youssef
- One of our most recent success stories is a founder trio: Dave, Abdul, and Youssef, where they are all part-time founders working on roadtripAI, an AI-enabled platform that provides the most reliable EV chargers along your route, along with insights to help you find the most reliable public fast chargers.
That's all for this edition! Wishing you a fantastic weekend ahead, and as always, feel free to reach out with any questions or feedback :)
Cheers,
Hazim, Carin & Fauzan
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