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The revenue tsunami was a strange one for me as well. What exactly is he referring to? There are many things I could point out about the good financial aspect
by moocow01 15y ago
The revenue tsunami was a strange one for me as well. What exactly is he referring to? There are many things I could point out about the good financial aspects of seed fund startups but a current revenue tsunami is not something that personally comes to mind.
- jasonmcalacanis 15y agoCould have made that point more clearly I guess. Zynga, Airbnb, Dropbox and OMGPop all have massive revenue growth. Instagram could have easily had massive revenue, they just--wisely it seems--decided to make filters free. Hipstamatic charged for filters, had a fraction of the user base and never hit real scale. If Hipstamatic makes $5,000 a day / $2M a year (which it might), then they made $2M a year on tens of thousands of users vs. Instagram's $0.00 a year on tens of millions of users. Of course the best thing to have is tens of millions of users and revenue (Zynga, OMGPOP).