4 ms·
> The basecamp folks have always understood the "business" side of things just as much as coding/tech. Sure. "Facebook has been around for seven years. It has
by shubhamjain 8y ago
> The basecamp folks have always understood the "business" side of things just as much as coding/tech.
Sure. "Facebook has been around for seven years. It has 500 million users. If you can’t figure out how to make money off half a billion people in seven years, I’m going to go out on a limb and say you’re unlikely to ever do." [1]
[1]: https://signalvnoise.com/posts/2585-facebook-is-not-worth-33000000000 https://signalvnoise.com/posts/2585-facebook-is-not-worth-33...
- mankash666 8y agoFair enough, they're not a 100%. And to be honest, their assessment of FB is fairly accurate with the information they had at the time of publication. FB is the exception, not the rule. Many social-local-mobile companies have come and gone burning billions of VC money without ever returning a cent to their investors.