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Same thing as WhatsApp. VC pay most of the bills until the network effect has cultivated the userbase to a size attractive for a buy out by a bigger fish.
by zucan 8y ago
Same thing as WhatsApp. VC pay most of the bills until the network effect has cultivated the userbase to a size attractive for a buy out by a bigger fish.
- ontoillogical 8y agoWhatsApp was bringing in 10M in revenues[1] a year with the .99cent fee. Not selling it wouldn’t have made them billionaires, but it’s certainly fuck you money for a team of 8. [1] https://techcrunch.com/2016/02/01/whatsapp-hits-one-billion-users-remains-in-search-of-revenue/ https://techcrunch.com/2016/02/01/whatsapp-hits-one-billion-...