Sunsetting EconTeen
We have decided to sunset EconTeen. After two years working towards the goal of improving financial literacy for teens, we saw that there was a better opportunity for us to focus on.
Now, this isn't to say that we failed, in fact our results were rather promising and our hypothesis was close to correct: financial literacy could be improved with pattern-building habits. We saw this with over 3,600 users and incredibly motivating metrics for retention. Our multiple school presentations were massive to our mission. We did what we came to do.
I think this all summarizes as: EconTeen served its purpose. The site will be changing to reflect this new sunset soon. Sam and I have been working incredibly hard at Georgia Tech on our new venture, and it will be announced soon.
But I want to say thank you, thank you to everyone who supported our mission, everyone who stood by us as we built our foundation. What a journey it was. From attending the Y Combinator student event at Georgia Tech, to shipping out hundreds of letters to reach out to principals and actually getting calls.
Our next venture is more ambitious in its mission.
A part of the reason that we are sunsetting EconTeen is that it lacked boldness in its audaciousness. Yes we found the solution, the business model was there, but our internal compass wasn't as drawn to it as we are our next venture. As we sunset, all investors were paid back.
Thank you for every moment that EconTeen gave us.
