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Gumroad raises $7 million from KPCB

venturebeat.com

51–60 of 67 posts

Re: Gumroad raises $7 million from KPCB

#51
post #10

Why would they need money for growth? They use Stripe and host on the cloud. If they aren't profitable now why would they be at 10x the size?

Engineers cost $20k a month. They want to hire them faster than they can add $666,000 of processed transactions a month. This suggests taking investment.

heard you throw this figure around before. Can you break that out more? How much of that is salary, and how much is benefits? And this is location dependent, no?

Re: Gumroad raises $7 million from KPCB

#53
post #3

Congrats to Sahil, I think a few of us have been watching this since day 1. His record speaks for itself. It's also good that Gumroad was essentially made possible by Stripe's very accessible API (as far as I know). I think I speak for all Europeans when I say hurry up and get Stripe over here.

I'm always interested/a little depressed when I see Europeans telling Stripe to hurry up and get there. I've seen this comment many times now but have never come across a European saying "Will someone hurry up and do a Stripe here in Europe!?" I think if folks in the US saw a great European service that - due to regulatory issues - just couldn't also be available here in the U.S. there wouldn't be a lot of sitting ar…

Spotify?

Re: Gumroad raises $7 million from KPCB

#54
post #10

Earlier quoted context omitted.

Engineers cost $20k a month. They want to hire them faster than they can add $666,000 of processed transactions a month. This suggests taking investment.

heard you throw this figure around before. Can you break that out more? How much of that is salary, and how much is benefits? And this is location dependent, no?

In USA, you can reasonably expect to pay a developer around 100k. Add 50% overhead and the cost to company is around 150k translating to 12.5k a month. Adjust this number towards 20k/month if you are hiring in the valley.

Re: Gumroad raises $7 million from KPCB

#55
post #14
post #5

What is Gumroad's competitive advantage? It doesn't look like it's its technology but its brand.

Like most competitive advantage: great execution.

Um, that's not a competitive advantage. Patents, huge barriers to entry, distribution channels. Those are competitive advantages.

Re: Gumroad raises $7 million from KPCB

#57
post #55
post #14

Earlier quoted context omitted.

Like most competitive advantage: great execution.

Um, that's not a competitive advantage. Patents, huge barriers to entry, distribution channels. Those are competitive advantages.

Jessica Alba for Honest.com is another great one.

Re: Gumroad raises $7 million from KPCB

#58

For those of you who don't know, Sahil applied for YC and didn't get an interview [1] (I think this was before Pinterest and turntable.fm) - a great reminder that YC can help you succeed, but isn't necessary. [1]: http://askolo.com/sahil#4f96a68bebceb8b92300000f

FWIW Sahil applied to YC with an iPhone app called Dayta

Re: Gumroad raises $7 million from KPCB

#59
post #3

Congrats to Sahil, I think a few of us have been watching this since day 1. His record speaks for itself. It's also good that Gumroad was essentially made possible by Stripe's very accessible API (as far as I know). I think I speak for all Europeans when I say hurry up and get Stripe over here.

I'm always interested/a little depressed when I see Europeans telling Stripe to hurry up and get there. I've seen this comment many times now but have never come across a European saying "Will someone hurry up and do a Stripe here in Europe!?" I think if folks in the US saw a great European service that - due to regulatory issues - just couldn't also be available here in the U.S. there wouldn't be a lot of sitting ar…

This is one of the greatest things about the United States. People figure things out and make things happen.

Re: Gumroad raises $7 million from KPCB

#60
There is huuuuge attention to this from the pixiv/doujinshi crowds here in Japan. Great service for them - since they can supplement their twice yearly Comikett hauls with regular boosts

edit: not to mention a thousand vocaloid / niconico-douga songs with producers looking for an easy way to monetize

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