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> Doing some back of the envelope calculations I can't see any scale where they are profitable given their current fee structure. “We lose money on every sale,
by mattkopecki 11y ago
> Doing some back of the envelope calculations I can't see any scale where they are profitable given their current fee structure.
“We lose money on every sale, but make it up on volume”
- themartorana 11y agoThat's some funny math right there.
- DarthMader 11y agoWelcome to Silicon Valley
- robryan 11y agoSo they keep their current fee structure as long as possible to build volume then switch over to something that will make money when there is no way to further raise funds?