I’m going to weigh on this with a highly controversial opinion you may not like, but hopefully, you listen.
Wyze cannot sustain the current company trajectory with a donation-supported model, Especially if you intend to launch several new products.
Donations do not work to sustain a company. What they will do is cause unreset against users and starve the company resources. It’s highly likely the finance guy is chirping the same mantra, and it’s time to listen.
I say this not as a general user of Wyze, but someone with deep connections in Silicon Valley. Donations look terrible to investors.
Wyze currently has several products that could, if managed correctly, become an ecosystem, especially in the smart home category.
On your current path, you are worried about giving a promised software update to users, One which will not make you any money.
Shelve it as you have before until the company has investors knocking at the door…, not vice versa. Then and only then can you afford to roll out the promised free version.
On your current path, you will be eating the cost of servers and not paying your developers. You are currently hiring a software engineer. What do you intend to pay them with donations? Right now you have costs to AWS, what do you plan to do, beg for AWS credits?
Right now, you have a COMPANY. It’s time to act like it and make some tough decisions that lead to the company’s sustainability before you have to make some even tougher decisions and fire people who work for donations. I’m a cynic, and I highly doubt you can keep a company running on the people who do donate… and even if you DO, the future of the company hangs on those people.
On your current path, you look terrible to only the worst investors, who would purchase everything for pennies on the dollar and then strip it for parts. As an example selling your biometrics to Intelius for a few bucks, and if you run on donations, you won’t be able to afford to say no.
The best thing you can do is get a desktop client working and make it subscription-based. Doing so will infuse cash into the business because many people want this feature, and it’s one you have never promised to release for free.