diolpah
Joined 15 years ago
Joined 15 years ago
Sure, it surprised us all when revenues and earnings turned out to actually matter in 2000, but it's 2011 now, man, and the future's so bright I've got to wear shades! The fact that I can download 14,511 apps that allow you to share photos of your cats is the only indication you need that we're living in the post-earnings era.
Making money is for squares. As long as you can line up that Series P round, the party's still on, man. Rock it, don't block it.
Even so, our accounting department still can't fully untangle the mess of foreign transfer and conversion fees, float-related costs, gateway fees, amex vs visa discount rate differentials, pci compliance service fees, and all the other horrible shit that Stripe eats for you, in order to give me a straight answer as to whether or not we currently pay more or less than 0.30 + 2.9%.
This is not a hit on our accountants, cybersource, stripe, or our merchant bank - just making the point that it's not so easy to state categorically that Stripe's fees will turn off somewhat larger volume customers.
Most people who are capable of rationally evaluating the standards of living we currently enjoy versus that of any other point in human history usually aren't that unhappy with the world right now.
I say this in the general sense; of course at any given time, N individuals will be hitting the bottom of the barrel, but the barrel is getting shallower and shallower with each generation.
Edit: Thanks for the downvotes; apparently I'm factually incorrect, and the Global Human Development Index is actually declining?
Most people I talk to about our business are fairly realistic about the challenges we face, or progress thus far, etc.
Yes, I have a co-founder. In fact, he's the majority owner.
My current business began as a side project many years ago. At first, I was building/managing the technical aspect of the business( website, integration, inventory systems, fulfillment systems, etc )remotely on an average basis of 20 hours per week. I say average because some weeks I did nothing, and other weeks I worked more than my "day job".
Growth was so strong that I ultimately made the decision to jump ship from my prior company and make my current company a fulltime endeavor. It was one of the most difficult decisions I've made in my life, as the cofounder of my prior company was very close.
During this time, we've grown from < $100k/y revenues to > $5mm ( making an effort to be vague here ), and still enjoying good growth. We are profitable and never took a dime of VC.
Hopefully this anecdote answers your question sufficiently.
Google is falling down on its core product, because they can..
Email: c t o (at) ties . com - remove spaces, convert (at) Twitter: @diolpah
Account created after prior account( haploid )was inexplicably silent-banned.