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People like Marc Andreesen claim that they could be profitable in a second. If this is true, why would the company be trying to raise more VC and dilute everyon
by soundsop 18y ago
People like Marc Andreesen claim that they could be profitable in a second. If this is true, why would the company be trying to raise more VC and dilute everyone's holdings?
Because they're concentrating on continued growth of their user base. But there's probably a valuation threshold that's well above $2 billion where they'd rather to go into revenue mode rather than take the money.
- electromagnetic 18y agoTheir growth of their user base, IMO, is seriously degrading the service though. I get repeated login failures through timeouts and whenever this happens I'm lucky if I'll even get on Facebook, now I usually check my messages through my email because it's faster to start Thunderbird than to try logging into Facebook. This then means facebook makes less money off of me.