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Google and Facebook are cited because they generate an ungodly amount of cashflow/profit and have manage to do it in a smaller timeline than their equally finan
by mbesto 11y ago
Google and Facebook are cited because they generate an ungodly amount of cashflow/profit and have manage to do it in a smaller timeline than their equally financially regarded counterparts (Google took 15 years to reach that of the revenue that took Coca Cola took 100+ years to reach).
I'm curious as to why you consider Baremetrics a success and by what measures? No offense to the guys at Baremetrics (they're product is well executed and I reference their SaaS metrics constantly), but their financial performance is not great [0] given their funding raise and valuation [1]. They're losing more customers than they gain, they're presumably cashflow negative (for a team of 6 engineers at competitive salaries, you're looking at $750k/year cost) and their ARPU/LTV numbers are really low (in relation to their low number of customers). Right now they're getting 10x on revenues, which is crazy high.
[0] - https://demo.baremetrics.com/?start_date=2013-11-13&end_date=2015-09-20 https://demo.baremetrics.com/?start_date=2013-11-13&end_date...
[1] - https://angel.co/baremetrics https://angel.co/baremetrics