Hacker News new | ask | show | jobs
by numlocked 3553 days ago
Am I reading this right that they did $500k of revenue in August?

'The round came together over the summer, but “we’ve grown revenue 80% in two months,” and racked up $500,000 in August, Petersen says'

What does that mean, 'racked up'? Surely they are not 'very profitable' and also worth $300m on a $6m revenue run rate...right?

Also -- seems like a great company and power to them. Just confused by that line in the article.