Sub Club by RevenueCat

Achieving Mission & Profit with Freemium — Erin Webster-Shaller and Paul Apollo, Lose It!

10 snips
Jul 12, 2023
Ask episode
AI Snips
Chapters
Transcript
Episode notes
ANECDOTE

Founding Origin Story

  • Lose It! was founded in 2008 when JJ Allaire moved calorie tracking from Excel to the iPhone app store.
  • Early user feedback showed immediate product-market fit and set a mission to help the world achieve a healthy weight.
INSIGHT

Free Product As Mission Fulfillment

  • A strong free product supports the mission and fuels organic growth even if it complicates monetization.
  • Paul focuses on creating a premium that is worth buying without harming the free experience.
ANECDOTE

Subscription Transition And Profitability

  • Lose It! transitioned from fully free to a premium subscription model around 2012 and never relied on ads initially.
  • The premium strategy made the company cashflow positive by 2016 and profitable in 2017.
Get the Snipd Podcast app to discover more snips from this episode
Get the app