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With currently only 3400 paying users it's only 80K pr. year of revenues (and the profits are probably much lower). It's still far from a good business and this
by amix 14y ago
With currently only 3400 paying users it's only 80K pr. year of revenues (and the profits are probably much lower). It's still far from a good business and this kind of money does not have any kind of guarantees.
- klox 14y ago3400 is only the number of new paying users in the last 24 hours. The amount of annual income from this product will now end with "million".
- meh02 14y agoLOL, no. After the Reader-is-dead news cycle ends, the money will stop flowing, and the real work (supporting paying users) begins.
- DuskStar 14y agoOh, wow. I had not realized that number was the DAILY signups...
- wilfra 14y agorevenue, not income - he's going to have high server costs now and if he wants to keep this scaling up, i suspect he'll need to bring on another person soon. at the very least, a customer service rep. still should easily net him a nice recurring six figure salary.
- klox 14y agoCurrently adding over 4k paid users per day. He reaches $1 million at just over 40k paid users. Factor in the userbase he's already been building for 4 years, the hundreds of thousands of Google Readers currently leaving, the millions that will need to find a replacement before July, and the last-minute movers on July 1st. I don't think server costs and a couple of employees will put him below a 7 figure income.
- recuter 14y ago> "Since the announcement, NewsBlur has welcomed 5,000 new premium subscribers and 60,000 new users (from 50,000 users originally)". That's at least $200,000/yr with high margins.