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Building Sustainable Business Model through Community Funding
The company has strategically cultivated its community funding model to achieve financial independence and sustainability. By avoiding reliance on external funding, they have established a robust business model that is not swayed by market fluctuations. The business's strong position allows them to fulfill their mission regardless of external circumstances. Initially offering programs like minimum guarantees to kickstart the platform, the company successfully created a strong network effect where writers are attracted to join and engage in independent publishing. This approach has eliminated the need for continual capital injection to sustain growth, indicating a successful and sustainable funding model for the business.