4 ms·
Sorry, I wasn't clear. Very easy to be profitable in the mid-to-long-term. Things like Drip, WP Engine, And here, ConvertKit all prove this. In theory you don'
by rtpg 10y ago
Sorry, I wasn't clear.
Very easy to be profitable in the mid-to-long-term. Things like Drip, WP Engine, And here, ConvertKit all prove this. In theory you don't need 10 years. I was talking more about the initial years.
I'm wondering though, how many of those software companies were profitable in the first year? Usually the fastest way to get to profitability is to be very unprofitable at first to build up your base, and then rely on (hate the word but) virality and scale to cross the threshhold.
But totally agree that it's very feasible to build a very profitable business in less than the 8 years or so it took FB.