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this just tells me they're still on VC money and looking to raise more. When they'll want to be profitable, they'll tighten the screw
by make3 3y ago
this just tells me they're still on VC money and looking to raise more. When they'll want to be profitable, they'll tighten the screw
- tiltowait 3y agoA quick search didn't suggest they've ever raised VC funding. A 2019 interview[1] says they'd never (at that time) taken any. [1] https://thedesignest.net/interview-james-cuda-procreate/ https://thedesignest.net/interview-james-cuda-procreate/
- criddell 3y agoThe founder (James Cuda) was on a podcast in 2020 and as of that time, he and his wife were the only investors in the company. That year they had $30 million in revenue and 43 employees. I’m guessing any screw tightening will come when Adobe (just a guess) eventually buys it for a lot of money and the company has to raise prices and move to a subscription model to service the debt.
- boppo1 3y agoAny idea the podcast?