Thread: The Vent and Rant Thread
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Old 09-29-2009, 03:40 PM   #5810
DMcCunney
New York Editor
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Quote:
Originally Posted by Peverel View Post
ARGHHHHHHH!!!!!! I just heard that Twitter got another $100 million of investment and still don't have a revenue stream!!!!!!!

We only want 1/100th of that and our new service has a revenue stream!!!!!!!!! Getting investment is a painful process and seems to take more time than it does to develop the service. Oh well at least we will be going to Alpha testing in the next week :-)

(sorry little self obsessed on this one, and it is no where near as serious as so many rants on here)
An old friend of mine went though that a few years back, trying to get funding for his site, which had a revenue stream and was profitable. I told him he was probably aiming too low. Venture capitalists are looking for the big win. Instead of asking for five million, he should have asked for fifty million...
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