3 ms·
"You won't get rich" Says who ? Some estimates peg 37Signals as being profitable to the tune of $6 million per year. Divided equally between the 12 employees
by whyleyc 16y ago
"You won't get rich"
Says who ?
Some estimates peg 37Signals as being profitable to the tune of $6 million per year. Divided equally between the 12 employees that's $500k each. Not bad for a year's work.
For more see: http://blog.jedchristiansen.com/2008/12/04/estimating-37signals-revenue-and-general-profitability/ http://blog.jedchristiansen.com/2008/12/04/estimating-37sign...
- edanm 16y agoBut also not the kind of exit and FU money that entrepreneurs often seek. This is just my understanding of their argument, though. Better to grow a company slowly and keep running it, than to grow a company and get bought. They think you should be in the game to keep running the company, not get rich. Getting rich while running the company is also possible, but that's a nice side-effect as far as they're concerned.