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When you expand on something core to another company's platform, that is sometimes referred to as "picking up pennies in front of a bulldozer."
by eYrKEC2 3y ago
When you expand on something core to another company's platform, that is sometimes referred to as "picking up pennies in front of a bulldozer."
- sdfghswe 3y agoYes, but some times you have time to pick up enough pennies to buy the huge mansion that you see on their photos.
- eYrKEC2 3y agoSure. $600k/month sounds like some fantastic pennies.
- spaceman_2020 3y agoYeah, OP probably made $5-10M. I know founders with $100M exits that made less than that thanks to equity dilution.
- sdfghswe 3y ago[flagged]
- jcollins1991 3y agoGood afternoon - https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- sdfghswe 3y ago> Good afternoon - https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html Yes, good afternoon. Have you actually read what you're linking? > Please don't complain that a submission is inappropriate. If a story is spam or off-topic, flag it. Don't feed egregious comments by replying; flag them instead. If you flag, please don't also comment that you did.
- Philpax 3y ago> Be kind. Don't be snarky. Converse curiously; don't cross-examine. Edit out swipes.
- sdfghswe 3y ago> Please don't complain that a submission is inappropriate. If a story is spam or off-topic, flag it. Don't feed egregious comments by replying; flag them instead. If you flag, please don't also comment that you did.
- jeroenhd 3y ago600k per month in a country where the average salary is reportedly about $8k per year (Georgia) isn't terrible, especially for such a small team. Getting in about 75 local yearly wages of recurring revenue per month is definitely worth the risk!
- appplication 3y agoAgree 100%. People here are missing the forest for the trees. The creator made way more doing this than he could being employed at even the highest levels in tech, and pulled in huge income with way shorter time frame and less risk than taking VC money and having to exit via acquisition or IPO. Sure, they got steamrolled in the end, but it’s an absolute win by any metric.
- Liquid_Fire 3y agoSlight correction, the article seems to indicate they are based in Bulgaria and their employees are remote from several other countries (including Georgia, but also e.g. the UK). Not that it takes away from your point, it still sounds like a great success to me.
- Dylan16807 3y agoIt shouldn't be referred to that way. That term has a specific meaning. The profit has to be quite small compared to huge losses when you get run over. When the profit pays back the initial investment quickly, and the risk is that you have negligible losses but stop making more money, that's not a bulldozer.
- dublinben 3y agoAs others have pointed out, that phrase means something else. What they were doing here is usually referred to as sharecropping, because you're building your business on someone else's land/platform. The real owner can kick you out at any time, and you have no recourse. http://weblog.raganwald.com/2004/11/sharecropping-in-orchard.html http://weblog.raganwald.com/2004/11/sharecropping-in-orchard...
- martindbp 3y agoIn this case it's more like picking up thousand dollar bills then simply stepping off the road.