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> The four cofounders each own 25% of the company, and at launch each put in $1,000 to cover initial costs. Koebler declined to share current revenue numbers, b
by explain 3y ago
> The four cofounders each own 25% of the company, and at launch each put in $1,000 to cover initial costs. Koebler declined to share current revenue numbers, but said the company is profitable (and that everyone’s been able to pay themselves back the money they initially put in).
Profitable doesn't mean much then.
- explain 3y ago> “We’re on Apple News now and in the process of enabling monetization there…I suspect that when we turn it on, we’ll be making $20 to $100 per month"
- deleted 3y ago[deleted]
- EchoChamberMan 3y agoExcept profitability in this case is actually sustainable, and can grow naturally over time. Good things take time, and wall-street's obsession over the next quarter, and the belief something can grow infinitely create self-imploding businesses.