3 ms·
But at that point in the interview you've just mentioned that you made $1-$3 per user, with millions of users active each month, and you were paying 10 cents fo
by mr_justin 18y ago
But at that point in the interview you've just mentioned that you made $1-$3 per user, with millions of users active each month, and you were paying 10 cents for a portion of those users. Of course the first thing people are going to is the math and realize there's a lot of money right there.
But back to why I posted my original comment, it was more the condescending tone of the "I'm amazed" part of that sentence. My gut reaction would be: "Why yes, I can multiply in my head and it is amazing, Andrew."
Thanks for your reply though, nice to see you in this discussion.
- antiismist 18y agoWasn't it that they paid $.10 per user, and then, if they converted, got $1-$3? Without knowing the conversion ratio you wouldn't be able to say what the margin was.
- AndrewWarner 18y agoGreat point. We didn't have 100% conversion. I kept things simple to explain how the business worked. There were other factors like this at play. By the way, a big one was fraud. I remember seeing my first washed check. That's where someone took a check our company made out for $25 or so. Washed our ink of it, and rewrote the check for much more money. Crazy.
- antiismist 18y agoSupposedly there are special inks that help with that. But even so checks are hard to control, and the company I worked for switched to paypal for international payments.