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This was an excellent article. I love the comparison to Letterboxd, especially as it is now showing there is different way to build these "niche" apps and still achieve success. I worry about Beli given their cap table and the growth it will need to achieve may alienate the very power users who would likely pay a subscription. I write about bootstrapping and am exploring more about apps like Letterboxd here as well: https://seekingsolutions.substack.com/p/niche-is-king

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