Hey @bill, business owner here. You've got a great concept and a solid beta product, but I'm unconvinced of your business model. You've made several assumptions in your plan and I'm curious to know why.
Current growth is slow. You said you need rapid growth. How does adding the friction of a paywall speed up growth?
Your value prop is solid, but who cares? What evidence do you have that people will pay for the transparency you're selling? E.g. my subscription to the New Yorker already pays writers to do their job so why would I pay more on your platform?
If I'm a writer, why would I choose to publish on Readup as opposed to Medium? Just because of trust? I hope you're right (that your honesty is valuable) but I'm unconvinced. Medium/Substack/etc. have waaaaaay more readers so I can make more money today. And do writers have exclusivity clauses in their contracts that might prevent them from making money outside of their org?
I want you to know that I'm on your side and your product is 100% groovy. However, I'm uncertain that your quality is as strong of a competitive advantage as you think it is.