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No, it is brilliant (in the SV way) that they have no revenue. The sky is the limit and you can get funded for pretty much any amount. Seriously, if they had b
by sireat 13y ago
No, it is brilliant (in the SV way) that they have no revenue. The sky is the limit and you can get funded for pretty much any amount.
Seriously, if they had been actually monetizing, they would not be able to collect the funding.
There was that photo site a few months back which closed much discussed on HN. The problem with them was that they actually tried to make money and thus VCs could see that they would not be the big hit needed.
I am only half-kidding with this.