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To be fair, Jason Bailey's company is profitable and doing 8 digits in revenue a year. How much is Twitter making again?
by teej 17y ago
To be fair, Jason Bailey's company is profitable and doing 8 digits in revenue a year. How much is Twitter making again?
- tremendo 17y agoHow much is Twitter making again? What does it matter? They're certainly not starving (yet). These hippies started up something from scratch, are having an incredibly fun time doing it, getting funded, making waves and headlines and may yet make money. Ev already got loads of cash from selling Blogger before. And wasn't that the same question people asked of Amazon and Google before? How much were they making two years after launch?
- blader 17y agoAmazon: 15.7 million in 1997 Google: 86.4 million in 2001
- dan_the_welder 17y agoIt does matter. Venture capital is not infinite and it will eventually get tired of investing in things that just turn out to be popular ideas that can't generate revenue. Then they won't invest in your real deal because they have been burned too many times.
- menloparkbum 17y agoHis comments don't even make sense. He calls twitter hippies because they aren't starting a virtual currency business that his company can glom onto. If his company is so loaded, why doesn't he start his own virtual currency business? Oh right, because starting a virtual currency is hugely risky, full of regulatory hassle and not very interesting. If anyone should start a virtual currency, it is the game company that is going to use the virtual currency! (Like you know, MMORPGS already do...)