A Profitable Auto Dot Com
from the well,-look-at-that dept
While all the other auto dot coms are going out of business, one of them has been profitable since June. The main reason? They couldn't get any venture capital. I've actually heard this in a few other cases as well. Without being able to get venture capital, a number of startups (the ones who really believed in their businesses as opposed to just wanting to get rich quick) redid their business plan to figure out a way to make money without having to rely on any venture capital investments. In other words they learned how to build real businesses that involved taking in real revenue. Too many companies that took venture capital forgot to bother with that aspect of building a business. To them, their "revenue" was the capital investments they brought in.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Reader Comments
Subscribe: RSS
View by: Time | Thread
love it
It's like a piranha that's 80 percent teeth and 1 percent body
Where's the other 19% of this fish?
[ link to this | view in chronology ]