investors are always asking questions:
How many users do you have, how quick is your growth.
No investor asks how much something is worth, it always a matter of how much bigger something can be.
Two main problem of Steemit:
- Lack of old user retention
- Lack of new users
I can recommend a video from Standford made by people from Y Combinator about growth:
Basically whole playlist is great.
And later watch Tools for Entrepreneurs: Making Something People Love, by CEO of Reddit:
Real problem is not near a backend related. People do not give a shit about technology behind the product. It is always about functionality, which product provides.