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Depends on what kind of product. I've built an app that I haven't touched in many years with about $1M in monthly revenue (extremely low margin) and it's all go

by Kiro 5y ago

Depends on what kind of product. I've built an app that I haven't touched in many years with about $1M in monthly revenue (extremely low margin) and it's all good. Yes, it hasn't had any security patches in years and it's just a matter of time before it gets hacked but no big deal. If shit really hits the fan I will just shut it down. Not offering any support. Customers know I don't add anything. Not sure what law would affect anything.

white_dragon88 5y ago
[dead]
cupofpython 5y ago
> $1M in monthly revenue (extremely low margin) taking a guess that your app is an API wrapper of some kind? the $ you move is basically through your account from customer to service provider on each call and you charge some low flat rate per month for access?
PragmaticPulp 5y ago
> I've built an app that I haven't touched in many years with about $1M in monthly revenue (extremely low margin) and it's all good. Yes, it hasn't had any security patches in years You have a product bringing in $12 million per year (EDIT: I misread the profit remark originally, apologies to Kiro), and you can’t be bothered to do basic security updates? > it's just a matter of time before it gets hacked but no big deal. If shit really hits the fan I will just shut it down. You’re basically waiting to get hacked and your response plan is to just shut it down? And turn off $12 million in annual revenue because you didn’t feel like applying security updates? Are you sure you mean $1 million per month in revenue? Because this doesn’t make any sense at all. If this is true and accurate, you can at least see why this wouldn't apply to virtually anyone else running a high-profit software app, right? Especially not something like Friday.app which includes customer data.
- Kiro 5y ago
  No, extremely low margin = miniscule profit compared to the revenue. Otherwise you're right. I simply can't be bothered and I don't even have access set up to the server on my current machine.
  - victor_e 5y ago
    What is it if you don't mind sharing?
  - anyfactor 5y ago
    I am having a "Life of Brian" moment here. Me- Look a multi-gazillionaire! Kiro - The profit is miniscule! Me- They has spoken!
- semireg 5y ago
  Think Roman numerals. 1M is thousand 1MM is million https://gettingpeopleright.com/resources/what-does-m-and-mm-mean-in-accounting/ https://gettingpeopleright.com/resources/what-does-m-and-mm-...
  - Kiro 5y ago
    No, I'm talking about 1 million a month so that's on me for using it incorrectly then. Apologies.
- deleted 5y ago
  [deleted]

by Kiro 5y ago

white_dragon88 5y ago

[dead]

cupofpython 5y ago

> $1M in monthly revenue (extremely low margin) taking a guess that your app is an API wrapper of some kind? the $ you move is basically through your account from customer to service provider on each call and you charge some low flat rate per month for access?

PragmaticPulp 5y ago

> I've built an app that I haven't touched in many years with about $1M in monthly revenue (extremely low margin) and it's all good. Yes, it hasn't had any security patches in years You have a product bringing in $12 million per year (EDIT: I misread the profit remark originally, apologies to Kiro), and you can’t be bothered to do basic security updates? > it's just a matter of time before it gets hacked but no big deal. If shit really hits the fan I will just shut it down. You’re basically waiting to get hacked and your response plan is to just shut it down? And turn off $12 million in annual revenue because you didn’t feel like applying security updates? Are you sure you mean $1 million per month in revenue? Because this doesn’t make any sense at all. If this is true and accurate, you can at least see why this wouldn't apply to virtually anyone else running a high-profit software app, right? Especially not something like Friday.app which includes customer data.

Kiro 5y ago
No, extremely low margin = miniscule profit compared to the revenue. Otherwise you're right. I simply can't be bothered and I don't even have access set up to the server on my current machine.
- victor_e 5y ago
  What is it if you don't mind sharing?
- anyfactor 5y ago
  I am having a "Life of Brian" moment here. Me- Look a multi-gazillionaire! Kiro - The profit is miniscule! Me- They has spoken!
semireg 5y ago
Think Roman numerals. 1M is thousand 1MM is million https://gettingpeopleright.com/resources/what-does-m-and-mm-mean-in-accounting/ https://gettingpeopleright.com/resources/what-does-m-and-mm-...
- Kiro 5y ago
  No, I'm talking about 1 million a month so that's on me for using it incorrectly then. Apologies.
deleted 5y ago
[deleted]