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"The ironic thing about the niche in question is that it's arguably one that can be tackled quite happily without VC money" At what scale and how long would th
by larrys 12y ago
"The ironic thing about the niche in question is that it's arguably one that can be tackled quite happily without VC money"
At what scale and how long would that take? The VC/angel money allows you to move faster, take more chances and perhaps hire better and faster. And lose money. Important point.
Look at their pricing:
http://mattermark.com/#pricing http://mattermark.com/#pricing
Then this:
"Today, Morrill’s curiosity and her 27-person team’s"
Imagine the payroll for those 27 people and how many subscriptions they have to sell with what is (for now) a niche product.
What are the figures on fully loaded labor costs for a 27 person team?
- dchuk 12y ago> What are the figures on fully loaded labor costs for a 27 person team? Probably somewhere around $2mn - $4mn/year. That's a pretty big team for the amount of money raised to this point, they must be doing ok subscription-wise.
- dmritard96 12y agoSomewhere (maybe the linked article) that it was 500 subscriptions for $400 a month meaning a little of 2M in annual revenue. 27 mouths to feed is a lot with that revenue.