Palau June Update

Hello! Here's your exclusive Palau progress update, as we believe in you! Thank you for your invaluable support 🌟 Please treat this info as confidential 🤫

Traction:

• Our MRR stands at 5250

• With 1,003 products scanned.📈

Database:

• This month, 155000 products were added to the database, which equals 5000 daily on average!

App update:

Full simplified re-design of the app! Toby, Simon and Theo have skillfully developed this fresh, new version 🎉 (Launching begging of next week)

Partnership:

• We are halfway gearing up for our U.S. launch with Re:wild to make a significant impact together! Stay tuned!

• One of our greatest achievements this month is the invaluable guidance from the gamification guru, Yukai Chou. The wisdom imparted by him and his team within a month has profoundly changed our perspective on feature creation. Had we connected with him 1-2 years earlier, our error margin would have been significantly reduced.

Feedback loops:

• Grayson has been on fire, doing what we love the most at Palau, Guerrilla testing, making users, friends, and strangers test our prototype on the go.

AI:

Our AI bot, Antonio, is gaining fame, even attracting professional chefs for their YouTube content! With endless exploration possibilities, we're excited about enhancing the user experience.

Marketing channels:

• TikTok continues to be our fastest and easiest way to get downloads.

• Here are the three best TikTok videos from our account this month:

Run-Rate:

• We want to keep things low till the U.S, and we are sticking to a monthly burn rate under 8k💸

Thank you for reading! Feel free to ask questions or give us feedback! Don't be shy! If you receive this email, it is because we want you to be involved in our mission!
All the best,
Jerome, Simon, Toby and the Palau team!