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64% net income. I totally appreciate the frustration the author has in various fees needing to be paid. But zooming out, having a business with 64% net income

64% net income. I totally appreciate the frustration the author has in various fees needing to be paid. But zooming out, having a business with 64% net income on sales is insanely good. We should never take for granted the margins in tech. Where almost all other industries have margins around 10%.

gruez 3y ago
>having a business with 64% net income on sales is insanely good. ...when you don't factor in labor costs. If this was google or similar, the company would need to hire a developers, which are a major line item on their budget.