Hacker News new | ask | show | jobs
by solidasparagus 2182 days ago
You can't throw out a comment like that and give no follow up. In what way is it a hobby business?
1 comments

I’m guessing they’re referring to the fact that the CEO is very wealthy [1] and has self-funded the company, and suggesting that he’s not as concerned with the financials.

1: https://www.forbes.com/profile/adam-dangelo/#657861427cb4

It's not self-funded by D'Angelo. Quora has raised several hundred million dollars, the overwhelming share of that from traditional venture capital firms.

They also don't have the luxury of treating it like a hobby business, which is why they've been focused on quantity over quality for years now. They have to scale up the concept massively or find another business.

In contrast WikiHow is an example of a successful knowledge service that is operated with more of a focus on quality and less on quantity. They're not owned by venture capital firms and don't have to seek an exit or try to force growth at any cost. It's a route Quora could have taken if it weren't for the VC firms, now they have no choice. Their former competitor, eHow, took the paid spam content route and got destroyed for it.

> Quora Raises $50M At $400M From Peter Thiel, D’Angelo Puts In $20M Of His Own Money [0]

[0] https://techcrunch.com/2012/05/14/quora-raises-50-at-400m-fr...

Wikihow is garbage though. How can you seriously claim it's focused on quality? What is this shit: https://www.wikihow.com/images/thumb/f/f5/Laugh-Step-6-Versi... ?
Why link to the image out of context? https://www.wikihow.com/Laugh
The context doesn't help.