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Getting to the point where you don't have to sell off parts of your company to get the cash to sustain your growth. Coinbase is certainly on a nice trajectory,
by plorkyeran 8y ago
Getting to the point where you don't have to sell off parts of your company to get the cash to sustain your growth. Coinbase is certainly on a nice trajectory, but assuming your goal is to build a real business you haven't succeeded yet if you're still talking about your funding rounds rather than how much money you made last year.
- nostrademons 8y agoThey made a billion dollars in revenue in 2017 and about $520M in 2018, in the midst of a massive bear market. For a company whose primary product is software and doesn't need to worry about cost-of-goods-sold the way that sharing economy companies do. Supposedly they made $450M in profit. They're doing way better than Uber and Lyft are, which continue to lose money even after going public.