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> With $6,500 revenue? I've talked to about a dozen folks like me, doing small, on-the-cusp-of-success startups, doing 3 to 5x that revenue with nowhere near th
by dmitriid 4y ago
> With $6,500 revenue? I've talked to about a dozen folks like me, doing small, on-the-cusp-of-success startups, doing 3 to 5x that revenue with nowhere near the exposure as Helium, who get essentially laughed out of the room when trying to raise 500K.
Try 20 billion dollars lost over 10 years... and still getting investor money (Uber; Lyft will soon be on par).
There's a magic combination of no morals, a product and rampant speculation that investors flock to.
- duskwuff 4y agoYou're mixing up revenue (the amount of money coming in) and profit (what's left over after costs). Helium doesn't have $6500/mo profit -- their profit is, in all probability, deeply negative. They have $6500/mo revenue.
- dmitriid 4y agoSo they are in a good company then :)
- Dylan16807 4y agoWith who? Because Uber and Lyft are very much not in that group. They're losing small amounts at massive scale, while Helium is sitting at no scale.
- dmitriid 4y agoGood company of "magic combination of no morals, a product and rampant speculation that investors flock to."