3 ms·
Vevo has tens of millions of revenue but not profitable.
What's the point of telling the wolrd that you have tens of millions in revenue but ultimately the company is not profitable. TC Article here in case you missed it: http://techcrunch.com/2010/09/29/vevo-is-seeing-tens-of-million-in-revenue/
I run a company that has almost a million in revenue and we're profitable, not hundreds but 6 six figures and growing.
Is there a bubble here? or SV is going to self implode soon. ie. DemandMedia style.
- ashleyreddy 16y agoI think this is partially the reason YC stays away from music company startups.
- arn 16y agoif I recall Youtube was never profitable during it's run as a startup. Some models require massive adoption before the value goes up. If they succeed in being a go to music destination, the money will likely follow.
- startupcto 16y agoI think Youtube was different because they have almost zero revenue and crazy burn rate.