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He started with $1000 and grew to $912 Million over 43 years. That's compounding annually at 38% percent. I was surprised that after 43 years it is still under
by npalli 13y ago
He started with $1000 and grew to $912 Million over 43 years. That's compounding annually at 38% percent. I was surprised that after 43 years it is still under a billion. Just goes to show how big a billion dollars is :-).
He must also really really love his space and company, nowadays when companies are flipped in 43 weeks, he is going on for 43 years. Wow, that's some dedication and calls for a very difficult temperament and set of skills.
- deleted 13y ago[deleted]
- aurelius83 13y agoHmm. The article is a bit ambiguous. Does he mean he started out with only 1,000 in capital? Or did he only have 1,000 dollars in sales.
- beachstartup 13y ago> He started with $1000 and grew to $912 Million over 43 years try measuring the cumulative revenue over those 43 years, i.e. the integral instead of the first derivative.
- deleted 13y ago[deleted]
- alphakappa 13y ago900+ million with 9000 employees means around 100,000 per employee. That sounds a bit low for revenue per employee.
- akiselev 13y agoI remember Riverside (pretty close to Redlands) in the 1990s and it was dirt cheap, even during the era of the $1 gallon of gasoline. $100k in pay + benefits stretches far there, especially once you factor in the higher revenue per employee in other nations (43 years + 350k orgs using their software sounds like a multinational).
- cjackson 13y agoI currently know of software engineers that have been working there for 1 and 2 years. Individually they are each making between 50k and 60k a year. Don't need quite as much revenue when employees are cheaper.
- segmondy 13y agoHow much is that company you started making per employee?
- bobwaycott 13y ago> Just goes to show how big a billion dollars is... As a boy, my grandfather once wanted to impress upon me the astronomical nature (or so it seemed at such a young age) of large numbers (especially in reference to government budgets). At first, I couldn't believe it when he told me that if I spent $1/second, I'd blow through $1M in just under 12 days (11.5 to be more precise, with rounding). But it was when he told me that spending through $1B at the same rate would take me nearly 32 years that I realized that was a ridiculously large sum of money. I've never forgotten that lesson. I also walked away deviously thinking the best goal I could shoot for in life was to figure out how to earn $1/second.
- jedc 13y agoObligatory reference to the excellent XKCD chart: http://xkcd.com/980/ http://xkcd.com/980/
- bobwaycott 13y agoWow. This is the first time I've seen that chart. Not sure how I've missed it. Amazing.
- jedc 13y agoIt's also in his XKCD store if you want to make Randall a few bucks: http://store.xkcd.com/products/money-poster http://store.xkcd.com/products/money-poster
- csomar 13y ago$1000 was the money they had. $912 was their annual revenue. In my opinion, this is Apples to Oranges. Capital and Revenue are not the same thing. Also, you should take into account his knowledge, experience, and partner help.