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.
Gumroad raises $7 million from KPCB
51–60 of 67 posts
Re: Gumroad raises $7 million from KPCB
#52Very cool. Hopefully, they'll be more successful than Flattr.
At 25 cents plus 5% per transaction, Gumroad isn't really addressing micropayments at all.
Re: Gumroad raises $7 million from KPCB
#53Congrats 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…
Re: Gumroad raises $7 million from KPCB
#54Earlier 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?
Re: Gumroad raises $7 million from KPCB
#55Re: Gumroad raises $7 million from KPCB
#56I love it.
Going to become a customer soon.
Re: Gumroad raises $7 million from KPCB
#57Re: Gumroad raises $7 million from KPCB
#58For 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
Re: Gumroad raises $7 million from KPCB
#59Congrats 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…
Re: Gumroad raises $7 million from KPCB
#60edit: not to mention a thousand vocaloid / niconico-douga songs with producers looking for an easy way to monetize