Truecar.com is going public
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Truecar.com is going public
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Re: Truecar.com is going public
#2Re: Truecar.com is going public
#3Are you ready for another pump and dump?
starts beating chest and humming
Re: Truecar.com is going public
#4Are you ready for another pump and dump? starts beating chest and humming
This is not a good Hacker News comment. It's glib when it should be substantive, and tries to drum up indignation when it should be reflective.
One of the best things PG ever said about HN is that comments "should be written in the spirit of colleagues cooperating in good faith to figure out the truth about something". I intend to add that to the site guidelines.
Please re-read what you post and, if doesn't have this quality, edit it until it does. If, after editing, there is nothing left, you should have no trouble deleting it (or just not posting). In my experience, this approach works—when one remembers to take it.
Re: Truecar.com is going public
#5This is a solid venture backed company that has been generating quite a bit of revenue for some time now. This exit will provide its investors with a solid return. Odd how little attention a company like this gets from the tech community.
Bernie Brenner, the guy who heads up their business development, wrote The Sumo Advantage which one of the best books I've read on BD. He very clearly identifies the role of BD and how it is distinctly different than sales. I'd recommend it for any startup looking to partner with large established businesses to spur growth.
Re: Truecar.com is going public
#62013: $134M revenues and $25M loss.
Re: Truecar.com is going public
#7What valuation are they shooting for?
Re: Truecar.com is going public
#8When I was a freshman in high school, every other Tuesday I went to TrueCar's SFRuby meetup. Everyone I met there was super nice, and it helped me stay sane while I was in high school. Thanks for that. Glad to hear they're doing well!
Re: Truecar.com is going public
#92013: $134M revenues and $25M loss.
Amazon 2012: $61B revenues and $39M loss.
To say, net income may not be the best indicator of success for high growth tech companies. They reinvest every dollar to continue to spur growth.
Re: Truecar.com is going public
#102013: $134M revenues and $25M loss.
Amazon 2012: $61B revenues and $39M loss. To say, net income may not be the best indicator of success for high growth tech companies. They reinvest every dollar to continue to spur growth.
19% vs 0.6% makes the two not really comparable.
Not to say you don't have a point (net profit isn't the only factor), just that your example is weak.