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Helium has revenues of $6.5k/month after $365M investment from A16Z

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Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#51

Post by JumpCrisscross »

Nextgrid wrote: post #29
WALoeIII wrote: post #12

Don’t the terms of service for nearly all consumer ISPs explicitly prohibit sharing or reselling?

Who cares? It's not like a packet that's a result of sharing/reselling suddenly "weighs" more on the network wires.

> Who cares?

The people purchasing these hot spots, who find their bankruptcy claims against Helium being inhibited by intentional breach of contract.

> not like a packet that's a result of sharing/reselling suddenly "weighs" more

It does due to peering arrangements. Data transfer having value is also Helium’s claimed value added. It’s awkward to claim it costs nothing to implement but has value that can be sustainably charged.

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#52

Post by boffinism »

JonathanBeuys wrote: post #41

Google had no revenue for years. But turned out to be one of the best investments of all time. To figure out how they are doing, the first thing I would look at is a chart of Helium's usage growth.

They all laughed at Moviepass, but just look at a chart of its usage growth. Clubhouse too.

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#54

Post by arcticbull »

JonathanBeuys wrote: post #41

Google had no revenue for years. But turned out to be one of the best investments of all time. To figure out how they are doing, the first thing I would look at is a chart of Helium's usage growth.

Since when did due diligence on companies become "well one time Google made no money so obviously that means this company will be Google-sized because they make no money too!"

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#55

Post by boffinism »

ddrdrck_ wrote: post #22

This thread lacks factual information : no source for the $6.5k/month revenue, and no source for the LoRaWAN market analysis supposedly demonstrating it is a "fake, overblown use case" Actually I would be interested in understanding better the choice made by Helium and the current and future use of LoRaWAN. When I first heard about Helium some years ago I wondered why they focused on this protocol compared to WiFi or…

> no source for the $6.5k/month revenue

It's in a photo attached to the first tweet: https://readthegeneralist.com/briefing/helium

> Data Credits are used when onboarding a hotspot, asserting a location, and processing a payment. Onboarding hotspots, in particular, is intensive from a Data Credit perspective. Since Helium is onboarding so many new hotspots, this skews results, suggesting greater customer activity than is actually present. Data from The Decentralized Wireless Alliance removes these three uses, demonstrating the size of the Helium economy’s customer demand. By this measure, DC usage was just $6,561 in June.

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#56

Post by 1123581321 »

karamanolev wrote: post #34
1123581321 wrote: post #6

Is the $6k/mo revenue from people using the Wi-Fi hotspots, like how someone might pay for an Xfinity hotspot if they aren’t a Comcast customer? Please forgive the ignorance.

Sorry to be blunt, these have nothing to do with Wi-Fi hotspots, they don't have the same use cases, they don't use the same protocol and it's as far removed from Xfinity and Comcast as possible.

I don’t mind the bluntness but I think my analogy threw you off.

When Helium says things like: “The Helium Hotspot is a small hardware device that creates a large wireless network for devices that use Helium's network. Think of it like a Wi-Fi router, but for devices sending small amounts of data over long ranges.”

Is the $6k/month revenue from sending data through a “Helium Hotspot” or something else?

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#57

Post by ejanus »

pg_bot wrote: post #25
Melting_Harps wrote: post #18

Earlier quoted context omitted.

> There are only two things propping up the entire crypto economy, VC funding and fraud. Once the VC money leaves the ecosystem the dominoes will fall. Agreed, web3 was a joke... but the same thing can be said about most of disruptive tech like ride-sharing or food delivery, and even FAANGS are experiencing immense markdowns after the immense amount of liquidity poured into the stock market these 2 years. Being criti…

I've done my due diligence, there is no future in web3. I don't disparage early VCs who invested in blockchain startups because it is their job to put money into companies that could be revolutionary. However, the revolution has failed to materialize. While it may not be obvious to all it should become clearer in the coming months. When I say 'fraud' I don't mean juicing the numbers or asking forgiveness instead or p…

Do you have concrete details?

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#58

Post by origin_path »

JonathanBeuys wrote: post #41

Google had no revenue for years. But turned out to be one of the best investments of all time. To figure out how they are doing, the first thing I would look at is a chart of Helium's usage growth.

You mean, less than two years?

Google was founded in August 1998 and they they hired their first sales guy in May 1999. AdWords launched in October 2000 but before that time they had revenue from backend search deals where they powered other sites search engines for a fee, like Netscape which launched in June 1999.

So it's not really the case that Google had no revenue for years. They were able to generate revenue very fast by selling their tech to other companies.

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#59

Post by ejanus »

JumpCrisscross wrote: post #44
spaceman_2020 wrote: post #30

Earlier quoted context omitted.

web3 is going to thrive whether you like it or not. Primarily because of three reasons: - Greed. Its absurdly easy to make a ton of money very fast in crypto. As long as that's possible, money will keep pouring into the system. - Gambling. The global gambling industry is half a trillion every year. Even if you think crypto has no fundamentals and is akin to gambling, it still represents a massive market. Opening a 50…

> long as that's possible, money will keep pouring into the system This was an easy-money phenomenon. We have another rates announcement today. I expect crypto to respond like the clockwork leveraged risk asset it models. > global gambling industry is half a trillion every year This is a good analogy. It’s one I hear in legislative and regulatory halls in the U.S. and Europe, the money centres crypto depends on for i…

Would stock markets be jumpy after rates announcement?

Re: Helium has revenues of $6.5k/month after $365M investment from A16Z

#60

Post by JumpCrisscross »

ejanus wrote: post #59
JumpCrisscross wrote: post #44

Earlier quoted context omitted.

> long as that's possible, money will keep pouring into the system This was an easy-money phenomenon. We have another rates announcement today. I expect crypto to respond like the clockwork leveraged risk asset it models. > global gambling industry is half a trillion every year This is a good analogy. It’s one I hear in legislative and regulatory halls in the U.S. and Europe, the money centres crypto depends on for i…

Would stock markets be jumpy after rates announcement?

> Would stock markets be jumpy after rates announcement?

“Announcement effects appear somewhat ambiguous for the [British] stock market” [1].

For the last year, it’s largely been high P/E tech stocks that have reacted viciously to rates announcements. The rest of the market is less sensitive to small changes in rates (jargon: duration). And/or it’s better at pricing it in ex ante.

[1] https://www.sciencedirect.com/science/article/abs/pii/S10575...

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