Vevo has tens of millions of revenue but not profitable.
3 comments
I think this is partially the reason YC stays away from music company startups.
if I recall Youtube was never profitable during it's run as a startup.
Some models require massive adoption before the value goes up. If they succeed in being a go to music destination, the money will likely follow.
Some models require massive adoption before the value goes up. If they succeed in being a go to music destination, the money will likely follow.
I think Youtube was different because they have almost zero revenue and crazy burn rate.
I run a company that has almost a million in revenue and we're profitable, not hundreds but 6 six figures and growing.
Is there a bubble here? or SV is going to self implode soon. ie. DemandMedia style.