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Imgur was profitable from day 1. What they are doing now is called greed.

• bdcravens 12y ago
  Once you take VC money, greed is necessary - your customers are the VCs, and they expect a several multiples exit.
  • TeMPOraL 12y ago
    That's why we're probably bound to replace our image hosting services every few years. It's a waste of good links though, that will get broken in the desperate attempt to recoup for fleeing users.
  • funkyy 12y ago
    Greed is always optional. The thing that is not is free and strong will to stand against VCs. Thats why VCs love to get in to sturtups run by geeks instead of business veterans.
• opendais 12y ago
  I don't really believe that. I know people circulate that alot but I know based on the time cost to build the site was likely 5 figures at market rates. I doubt he brought that in. Discounting his labor? Sure it was profitable on Day 1. But that is like saying I have a hobby that brings in 5% of my annual income and its "profitable". The fact I have to spend ~8 hours a week on it [about 20% of my $DayJob], means I'm still net negative in financial terms. If I was doing contract work instead for those 8 hours, I'd come out with 300% more money.