Reddit’s cofounder said that at first the company felt like ‘a homework assignment that got out of hand’ rather than a business::Reddit’s cofounder Steve Huffman said in its early days he filled up most of the site with content using different accounts until it got more users.
Not everything has to be a buisness.
This is the part that Silicon Valley doesn’t get. We can, do, and need good things that don’t make money.
They need to make some money - infrastructure isn’t free, employees need paid, etc. they should be self sustaining.
They don’t need to be 2009-Google profitable though. That pipe dream needs to end. 3-5% YoY growth is plenty.
They want 100 million $ houses on beaches that’s why they are going after an IPO. The whole idea that they are not making money is laughable
This was my biggest wtf.
Companies like reddit used to love that shit - make something awesome to get a massive audience… And THEN monetize. So what the hell is he talking about “business”?
It isn’t even that it doesn’t need to make money. It’s that it doesn’t need to keep making more money than it did last year. It’s okay to have “stagnant” growth. It’s okay to just keep doing well rather than keep increasing profits.