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Tumblr's 2012 Revenue was only $13 million? How can they afford 175 employees, a building, infrastructure, etc on $13 million and ~$125 million in seed? I may j
by rodly 13y ago
Tumblr's 2012 Revenue was only $13 million? How can they afford 175 employees, a building, infrastructure, etc on $13 million and ~$125 million in seed? I may just have an issue with frugality I suppose.
- CaveTech 13y agoIn case you haven't heard, having revenue is no longer cool. Having a huge user base on a service that isn't self sustaining is - and people will pay big bucks for those companies!
- rodly 13y agoI suppose this is because there are two outcomes for these huge user bases like instagram and twitter. 1) Get bought by a larger company that can use add your user base to their total user base 2) Start advertising intrusively and hope that you can make enough before your service is no longer favorable Instagram comes to mind for #1. I'm thinking Twitter will go with #2 when investors get sick of no returns year after year.