smalter
Joined 18 years ago
Joined 18 years ago
mostly used it in small companies with 1-2 devs where it helps to get another pair of eyes on it. also, helpful as career development / learning for a junior dev.
happy to answer any questions.
how did you settle on the positioning as being for marketplaces?
sounds like this would be useful for any company that has a feed, search or recommendations like any retailer or publisher.
if it used to be 6-12 months and $500k+ to start issuing cards, what does it look like now with a product like lithic?
would love to hear from any devs who have been building in the card space.
republic is an angellist spinoff: https://republic.co/help/how-is-republic-part-of-a-family-of...
here are 3 key points:
1. gumroad experienced major covid tailwinds. whereas the company's five-year compound annual growth rate is 37%, it grow 94% from 2019 to 2020. they've been profitable since 2017.
2. gumroad's core customer base is creators making less than $10k/yr. gumroad is best positioned as an entry point for novice creators to start selling quickly and easily online. as creators cross the $10k/yr threshold, they become a churn risk because all-in-one products like kajabi and podia offer a more fully-featured product at the same price.
3. at the campaign's $100m pre-money valuation, gumroad will need to grow 40% yoy for 10 years to return double digit IRR.
check out our report for a full breakdown of financials, competition and more: https://sacra.com/research/gumroad-android-creator-economy/
http://walterchen.org
http://smalter.org
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walter at idonethis dot com