Hey guys. Apologies for the lack of comms on our side. We've been very heads down and focused on the Q2 update and planning for our first team offsite meeting in June. I'm working on a blog post for this week with more information and planning a regular schedule to provide updates more consistently.
Regarding the pace of progress, something to keep in mind. We built Eshtek on a bootstrapped budget to avoid the temptation of taking big VC money and forced to race for an exit. That's how products become enshittified as we've seen with so many over the years. We were very deliberate and intentional in our partnerships and investors. We're in this for the long haul.
But doing this still comes at a cost. Yes our Black Friday launch was wildly more successful than we could have hoped, but an influx of cash has a delayed effect to benefitting productivity within a business. Once you get it, you have to make sure it stays (refunds) and you have to be smart about how you spend it (services, tools, people, etc.). Then it takes time to make all of those things work well for you. If we would have taken a couple million back in 2022 when we incorporated, we'd already be at 1.0, but we'd also not have as much control over the business and our vision.
I don't blame anyone for their comments. HexOS is very light right now. Apps are badly needed to improve. Fully agreed. We released it when we did to prove the concept and that we have the chops to build this thing. It gave us more than enough capital to get there and we immediately reinvested that extra capital to not only expand our team faster than planned, but to expand our roadmap in ways we haven't even publicly disclosed yet.
I guess this is a long way of asking you all to have faith and I will do better at providing more frequent updates and not leaving you in the dark for so long. Thank you.