Mo Abbas

We weren't really vetting them, and they were here for the wrong reasons.

And we decided that we'd rather have a quality

community that could deliver on our mission of Acadia and then just jack up revenues.

So we took a big revenue hit in 2020 and now we are rebuilding that back to where it was and beyond 2019.

Well, now we are growing.

So we've been growing 15% to 20% for the last few months.

But there was a long period where we were contracting.

We just were not focused on generating revenue.

We're focused on unit economics, on delivering value to our members, and just really ensuring that

Because in a marketplace especially, the problems compound as the marketplace gets bigger.

And we just didn't want a marketplace.

We didn't want a business where you've sold thousands and thousands of businesses and they were not getting a great experience.

So we refocused on the experience in 2020, put a lot of effort and energy on that.

And then now we are back into growing our member base aggressively in 2021.

We've raised some capital, pretty capital efficient in general, and we have good unit economics.

So we raised about a million dollars from some fantastic investors, Ryan Hoover from Product Hunt, Eric Blatchford, who's the CEO of Expedia.

We have 500 startups as well.

That was the end of 2019, 2020, early 2020.

There is a scenario where this year will be profitable.

So we do have an opportunity to, we're going to make a decision where we will likely end up raising because although we'll be profitable this year,