31–40 of 127 posts
Whenever I see valuations like this from corporate VCs, I always wonder if they're trying to protect against someone else buying the company.
I hope that our fundraising history shows we wouldn't do a round that reduced our business optionality in the future!
Earlier quoted context omitted.
Pretty sure the vast majority of those WordPress sites bring them no revenue.
au contraire, i bet wordpress users make a lot more revenue than SV combined (not a high bar - most SV startups lose money)
> “The roadmap is the same. I just think we might be able to do it in five years instead of ten,” Mullenweg said. I tried to hunt for why the investment was taken and this is all the article mentions. It just doesn’t make sense to me. I’m guessing that competition is heating up and they need marketing fuel to keep people on the platform while they transform it from a duct taped blogging tool to something more flexibl…
How much of that $300M was a secondary to founders and employees? We may never know.
Earlier quoted context omitted.
Pretty sure the vast majority of those WordPress sites bring them no revenue.
au contraire, i bet wordpress users make a lot more revenue than SV combined (not a high bar - most SV startups lose money)
And you can have a lot of revenue while losing money.
DHH isn't too thrilled about this. > “We want every website, whether it’s e-commerce or anything to be powered by WordPress” is a nasty, monopolistic goal. Listening to Matt muse about 85% marketshare dreams is a real downer. But $300m is a down payment on monopoly dreams. full thread: https://twitter.com/dhh/status/1174695189090308096
Earlier quoted context omitted.
Where it's possible, I'll always invest in product and engineering over marketing (specifically external ad spend). The Tumblr acquisition is a good example of that, we actually scaled back WP.com marketing in anticipation of that to give more room to bring on Tumblr's entire 200ish-person team. 90%+ of our growth is organic, and that percentage is going up.
Sensible and pragmatic. How dare you be a valley CEO with such an attitude? ;) /s Also, congrats on the raise! *Coughs in IPO...
Earlier quoted context omitted.
To me, they seem to have to have a lot of employees (940, soon 1200) for what they do. That probably makes it harder. I'm curious what portion of the employees are development folks.
43% are in engineering, according to LinkedIn.
Earlier quoted context omitted.
Pretty sure the vast majority of those WordPress sites bring them no revenue.
au contraire, i bet wordpress users make a lot more revenue than SV combined (not a high bar - most SV startups lose money)
Earlier quoted context omitted.
au contraire, i bet wordpress users make a lot more revenue than SV combined (not a high bar - most SV startups lose money)
I'm sure Apple alone has more revenue than all wordpress sites combined. And you can have a lot of revenue while losing money.
Woocommerce users apparently make $10b in revenue, and i doubt they lose much, after all it s free
Earlier quoted context omitted.
au contraire, i bet wordpress users make a lot more revenue than SV combined (not a high bar - most SV startups lose money)
Right, but they probably get close to zero from the self-hosted WordPress users. The revenue is from people paying WordPress.com to host their sites. That's the number of users that's relevant, and it's a much smaller number. The self-hosted users that are the majority don't count for much.