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New Startup Now Pulling In Over $100k in Monthly Revenues

news.ycombinator.com

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Re: New Startup Now Pulling In Over $100k in Monthly Revenues

#21

Post by taphangum »

drp wrote: post #20
StavrosK wrote: post #19

Earlier quoted context omitted.

Unfortunately, "solid business" and "getting acquired" are probably inversely correlated these days. Is Twitter a solid business?

Has Twitter been acquired? edit: This must be misunderstood. My intent was to illustrate that Twitter is not a good example of a company that has been acquired without a solid business model. Obviously the news says they've had offers, but just as obviously no offers have turned into acquisitions. The many intelligent people who work there and have invested in the company think Twitter has at least the promise of a s…

Its had offers.

Re: New Startup Now Pulling In Over $100k in Monthly Revenues

#22

Post by Estragon »

zyfo wrote: post #13
Estragon wrote: post #10

Not exactly a YC-reject in the usual sense, if you just missed the application deadline...

"The rejection email came on November 2nd" He was rejected. The email to pg was sent after he released his app, hoping for a second chance.

Oops. Thanks.

Re: New Startup Now Pulling In Over $100k in Monthly Revenues

#24

Post by jrockway »

StavrosK wrote: post #19
vlad99 wrote: post #15

This is not a solid business that might get acquired in the end so they are not interested in 1 hit wonders.

Unfortunately, "solid business" and "getting acquired" are probably inversely correlated these days. Is Twitter a solid business?

Hey now, dickbars are a solid business model!

Re: New Startup Now Pulling In Over $100k in Monthly Revenues

#25

Post by gyardley »

Are you making money from iTunes affiliate fees and simply passing a cut of it on to your users, or are you charging application developers for placement?

Right now the biggest cost-per-install networks are doing 50x to 100x your revenue and growing quickly, and they're hiring every experienced salesperson they can possibly find. That's your true competition for app developers' advertising dollars, not the little stuff like 'Daily App Dream'. You probably need sales more than developers.

Re: New Startup Now Pulling In Over $100k in Monthly Revenues

#26

Post by StavrosK »

drp wrote: post #20
StavrosK wrote: post #19

Earlier quoted context omitted.

Unfortunately, "solid business" and "getting acquired" are probably inversely correlated these days. Is Twitter a solid business?

Has Twitter been acquired? edit: This must be misunderstood. My intent was to illustrate that Twitter is not a good example of a company that has been acquired without a solid business model. Obviously the news says they've had offers, but just as obviously no offers have turned into acquisitions. The many intelligent people who work there and have invested in the company think Twitter has at least the promise of a s…

Regarding your edit, you said it yourself. Here's a company that has had multiple acquisition offers, a company which people would consider a bargain at a billion, and the best it can do towards a business model is "at least have the promise of a solid business".

If I had a business that generated even 30k/yr in revenue (albeit a sustainable 30k), I would think really hard before selling it. It pays my living expenses, after all, and ostensibly leaves me free enough to pursue other ideas.

This "acquisition fever" we have these days isn't really about good business models, there are the businesses which try to grow as fast as possible by burning investor money and disregarding business models (the ones that are good acquisition targets), and the businesses that start out with a good business model and aim to be sustainable as fast as possible.

Re: New Startup Now Pulling In Over $100k in Monthly Revenues

#28

Post by chocoheadfred »

I wonder if you make make more adding functionality from another app that I use that looks at your installed apps and suggests new ones based on that. Seems like you take age into account. Why not other factors like gender, interests, hobbies...in addition to popularity. All of these would be able to deliver better recommended apps. I would hesitate on just featuring the apps that pay you the most. Maybe hold out on those really good ones until you are able to prove success, which you might be able to do now. Too bad I can't see the app on my droid.

Re: New Startup Now Pulling In Over $100k in Monthly Revenues

#30

Post by gus_massa »

StavrosK wrote: post #18
hnfwerr wrote: post #16

Are you applying to YC again? (for the 2011 summer batch)?

Why would he apply? He has 1.2m revenue per year, his valuation must be much higher than that, the 30k YC will give him in return for 10%-30% (or whatever it is) is a pittance.

From: http://ycombinator.com/apply.html

"We usually invest $11,000 + $3000n, [...] in return for between 2% and 10% of the company. The average is 7%."

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