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Thanks for that. Now I am far less sad about stealing Curebit's concept. Their idea is fantastic, but I found it easier to just copy the concept than integrat

Thanks for that. Now I am far less sad about stealing Curebit's concept. Their idea is fantastic, but I found it easier to just copy the concept than integrate with their APIs. Does anyone else find it strange that the article claims they have 1000 customers, and minimum pricing of $50/month, but they raised $1.2M? Why bother raising money if you are already close to a run-rate of $1M? My guess is they have closer to 1000 signups, not active 1000 customers.

mp3jeep01 15y ago
I doubt very many people find it strange -- just because you have revenue, or are profitable, does not mean you're "in the clear". Companies typically raise additional capital so they can accelerate their growth. Your assumption that companies only raise because they aren't cash-flow positive is misguided.
- jcampbell1 15y ago
  That wasn't my assumption. It is the scale that I find strange. If the company is pulling in $100k/month, then having $1M in the bank is not going to significantly change what you can accomplish, but the effort required to raise the money is a substantial distraction.
redguava 15y ago
Revenue is not the same as profit, they could very easily be running at a loss even with that amount of revenue. We have seen this in extremes with companies like Groupon lately.
- dkrich 15y ago
  By their founder's own admission, they have three employees. Not sure what they're doing that would burn through that much cash. Either their business model is severely lacking, or their spending is out of control. Of course it is possible that they aren't making any money.