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Somewhat off topic but I'd like to ask about this: > We’ve grown from three people to 54, and $0 revenue to $3.4m+, all in just two years. I'm completely naiv
by bencoder 14y ago
Somewhat off topic but I'd like to ask about this:
> We’ve grown from three people to 54, and $0 revenue to $3.4m+, all in just two years.
I'm completely naive about these things and I'm not involved in business, but isn't this very risky? That equals to only 63k/head revenue. I guess this is banking on future growth but is this a standard pattern for a growing startup?
- ryancarson 14y agoWe're not profitable yet. That's the whole reason we raised $5m in Apr 2012: To increase head count faster than revenue growth.
- photorized 14y agoYou think revenue will follow?
- matwood 14y agoHis actions of hiring ahead of revenue say yes. Investors giving him $5M show they think the same thing. Actions always speak louder than words.
- tbrooks 14y agoI think you should change the pricing from per month to per course. You'll be able to do more price testing, make more profit, and I bet your customer LTV will increase as well. Have you guys thought of this or are you totally committed to monthly SaaS model?