4 ms·
I am confused about the dates. If they are doing $3.6M revenue run-rate, that means revenues are $300k/month. Why bother wasting the time to raise what amount
by jcampbell1 14y ago
I am confused about the dates. If they are doing $3.6M revenue run-rate, that means revenues are $300k/month. Why bother wasting the time to raise what amounts to 6 weeks of earnings?
- thomson 14y agoIt looks like they raised their round in 2011, when their run rate was $150k. The dates in green in that slide are projections.
- joelgascoigne 14y agoThis is correct, we had a $150k run rate when we raised (and pitched with this deck) and the $3.6M figure was a projection (and clearly one which was rather ambitious!).
- intellegacy 14y agoWhat are current revenues if you don't mind me asking?
- jcampbell1 14y agoJust over $100k/month. http://techcrunch.com/2013/04/25/buffer-scheduling-service-now-making-over-100k-in-monthly-revenue-with-600k-users-sending-5m-updates-per-month/ http://techcrunch.com/2013/04/25/buffer-scheduling-service-n...
- joelgascoigne 14y agoYep, exactly. April revenue was $115k.
- redguava 14y agoFantastic openness. Thanks.
- apinstein 14y agoI was confused by that, too. I am sure it made sense in the context of their pitch (due to WHEN it was made), but the "milestones" slide didn't indicate which items had occurred vs were simply goals.
- fludlight 14y agoCompanies have costs, nothing is 100% profit. Revenue is Sales Revenue > net profit Revenue > cash flow net profit != cash flow Edit: I missed the bullet point about their 97% margin. 97%! Probably gross margin, but still...I am in the wrong industry.