Glimesh Board Meeting Minutes July 2022

Glimesh, Inc. Board Meeting
July 13th, 2022 / 6:00 PM EDT


Company Attendance

  • Luke Strickland

Agenda

Executive Report

Good evening everyone!

June was such a great month for Glimesh and our community. We hosted our Glimesh Community Pride event the entire month long, and were able to raise $3,500 for The Trevor Project! This is a huge accomplishment and it was entirely accomplished from our GCT and community. I massively appreciate Berri & our entire GCT, participants, and everyone who came to check out the various events we hosted on the platform. In addition I want to thank everyone who donated to The Trevor Project for making a real difference for those who need it.

Over the last month we’ve been on the lookout for a Marketing Cofounder and we’ve had a huge outpouring of interest. So far we have 18 total applications and at this point I’ve interviewed most of those candidates. Unfortunately my time has put things in a slight pause, as I’ve been very unavailable due to other obligations. I’m hoping to kickstart this process again very soon so we can get a decision made.

Personally I’ve also been working on many cost savings measures to help bring down the cost of the servers and services that Glimesh uses. My major goals right now are on the video servers and working on a better solution to our translation platform. The RTMP ingest has also taken a backseat to these objectives.

Overall, this is the calm before the storm, embrace it.

–clone1018 (Luke Strickland)

Metrics

Currently our marketing metrics are still rather basic. We still need to update our metrics to track things we want to grow, so we can measure how campaigns are doing.



As always, Plausible cannot properly track our Bounce Rate & Visit Duration since our web framework does not send updates as the user changes pages. These metrics should be used as a comparable baseline, not a way of telling how many watch hours, or other common metrics, we have.


April 1st - June 30th


Last Month

January 2022 February 2022 March 2022 April 2022 May 2022 June 2022
Unique Visitors 24,100 21,000 21,300 19,300 18,400 17,500
Total Pageviews 160,000 128,000 141,000 123,000 142,000 194,000

App Metrics


Plausible App Metrics



Apple App Store Metrics



Android Play Store Metrics

Finances

Our finance categories are split up into two categories: Software as a Service (generally recurring) and Physical Sales (generally one time). This financial spreadsheet breaks down those two categories, in addition to providing a traditional P&L itemization.

January 2022 February 2022 March 2022 April 2022 May 2022 June 2022
Software as a Service
Gross Subscriptions $ 2,101.00 $ 1,848.87 $ 2,195.00 $ 1,618.51 $ 2,072.36 $ 1,497.50
Streamer Payouts $ (505.72) $ (736.78) $ (768.22) $ (650.48) $ (749.66) $ (575.86)
Charges Fees $ (153.22) $ (140.16) $ (152.29) $ (119.70) $ (148.71) $ (112.98)
Refunds $ - $ (15.00) $ (245.00) $ - $ - $ (155.00)
Connect Fee (prev month) $ (333.13) $ (218.29) $ (139.05) $ (272.11) $ (239.33) $ (232.33)
Subscription Expenses $ (992.07) $ (1,110.23) $ (1,304.56) $ (1,042.29) $ (1,137.70) $ (1,076.17)
Subscription Revenue $ 1,108.93 $ 738.64 $ 890.44 $ 576.22 $ 934.66 $ 421.33
Physical Sales
Merch Sales $ - $ 26.61 $ 53.50 $ 26.61 $ - $ -
Printful Fee $ - $ (36.12) $ (35.32) $ (21.03) $ - $ -
Shopify Fee $ (30.74) $ (30.74) $ (30.74) $ (30.74) $ (30.74) $ (30.74)
Merch Expenses $ (30.74) $ (66.86) $ (66.06) $ (51.77) $ (30.74) $ (30.74)
Merch Revenue $ (30.74) $ (40.25) $ (12.56) $ (25.16) $ (30.74) $ (30.74)
Expenses
DO Credits $ - $ - $ - $ -
DO Infra $ (1,290.00) $ (1,454.66) $ (1,274.64) $ (1,078.61) $ (1,092.02) $ (1,134.94)
DO Bandwidth - Overage $ - $ - $ - $ - $ - $ -
IaaS & PaaS Tax $ (77.40) $ (82.34) $ (76.48) $ (64.72) $ (65.52) $ (68.10)
Vultr Expenses $ (74.90) $ (60.00) $ (60.00) $ (60.00) $ (60.00) $ (60.00)
Total Infra Expenses $ (1,442.30) $ (1,597.00) $ (1,411.12) $ (1,203.33) $ (1,217.54) $ (1,263.04)
Recurring Services $ (307.08) $ (278.08) $ (302.92) $ (313.21) $ (271.26) $ (271.26)
One Time Services $ - $ - $ (18.50) $ - $ (20.29) $ (19.07)
Domain Renewal $ (26.85) $ - $ - $ - $ - $ (9.13)
Charitable Donations $ - $ (407.68) $ - $ - $ - $ -
Totals
Total Income $ 2,101.00 $ 1,875.48 $ 2,248.50 $ 1,645.12 $ 2,072.36 $ 1,497.50
Total Expenses $ (2,799.04) $ (3,459.85) $ (3,103.16) $ (2,610.60) $ (2,677.53) $ (2,669.41)
Total Profit $ (698.04) $ (1,584.37) $ (854.66) $ (965.48) $ (605.17) $ (1,171.91)
Stripe Balance $ 4,144.17 $ 283.83 $ 1,449.01 $ 2,248.45 $ 2,891.61 $ 3,973.13
Checking Balance $ 17,346.48 $ 19,808.06 $ 14,278.00 $ 9,115.77 $ 7,629.64 $ 6,490.40
Complete Balance $ 21,490.65 $ 20,091.89 $ 15,727.01 $ 11,364.22 $ 10,521.25 $ 10,463.53

Our biggest push on the finances is going to be to consolidate down some servers & services to extend our runway. As always, even if Glimesh starts to go into the red, we’ll continue to exist!

Glimesh News

Nothing at this time!

Previous Business

No previous business.

New Business

No new business.