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Yes, but a lot of them don't find it necessary to openly talk about their balance sheets. I'm sure Wufoo and the Weeblies are profitable. Grapevine says that
by iamelgringo 16y ago
Yes, but a lot of them don't find it necessary to openly talk about their balance sheets.
I'm sure Wufoo and the Weeblies are profitable. Grapevine says that MixPanel is profitable already. AirBnb came out early in the press and said they were ramen profitable and then talked about the advantages of being "pizza" profitable shortly thereafter. I'd be very suprised if Dropbox wasn't making decent money, although they may be focused on scaling rather than maximizing profit. I could be wrong, but at the work at a startup event, a couple of companies said that they were profitable already. Listia, maybe? Don't quote me on this.
From talking to YC founders, there's a pretty heavy emphasis to getting ramen profitable as soon as possible to gain leverage in fund raising negotiations. Starving founders tend to give away more equity and get worse terms than founders that can feed themselves and pay the rent.
p.s. Nice to talk to you, Zack. How are things?
- zackattack 16y agoThings are OK. Thanks for asking. I'm too disorganized, trying to get a half dozen projects going at the same time, so I am planning on hiring a life coach. How are things with you?