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Josh is wrong — geeks totally rule!

Started by mathewi · 11 months ago

Josh Kopelman’s post on “the first 53,651 users” has been getting a lot of comment. A VC with First Round Capital, Josh talks about all the Digg.com clones and Flickr knockoffs he sees, and suggests that startups shouldn’t pay much attention to t ... Continue reading »

4 comments

  • Dare Obasanjo

    3 years ago

    Do you have the numbers to back up that Flickr is a good business or does the definition of good business simply mean that the founders and early investors recouped their investment?
    reply
  • Mathew Ingram

    3 years ago

    Thanks for the comment, Dare. To answer your question, no I don't have any independent numbers to justify my statement that Flickr is a good business -- although I think that recouping the investment of the founders and financial backers is a heck of a lot closer to that goal than lots of other Web-based startups get. They may not be spinning off billions in cash flow, but they have over a million registered users, many of whom are paying cash to be there -- that's a pretty good start, I would think.

    Mathew
    reply
  • Mike D.

    3 years ago

    One point FOR Flickr being a good business and one point AGAINST:

    1. For: Almost every time I look at someone's profile on Flickr who I know, they have a Pro account. Meaning they paid. This is very impressive.

    2. Against: Caterina has said -- on at least one occasion that I can remember -- that if she was going to do it all over again, she would have concentrated on the printing aspect of the business, since that's where the money was. I actually think I remember her saying this at a conference about a week before the Yahoo acquisition was announced.
    reply
  • Mathew Ingram

    3 years ago

    Thanks, Mike. Those are both good points.
    reply

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