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by jmisavage
824 days ago
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They’re such a unique company, but they’ve always fail to recognize just how unique their situation is and how most people can only dream of being so lucky. - First you have DHH who is one of the creators of Ruby on Rails. He has a large cult-like following - You have relatively simple projects that are profitable from day 1 - They have a series of “self-help” style books for running a business that are popular. Rework was their most popular by far. - And when you do take on money you get an extremely unique business arrangement. Bezos invested in them early on and only became a member in a LLC. All the VCs I know make you reform as a Corp. The only other places even remotely close to that might be Vercel and Netlify. And I only say that because of their widely popular open source projects. https://medium.com/signal-v-noise/the-deal-jeff-bezos-got-on... |
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There are plenty of other small, profitable, SAAS businesses out there, but you don't hear about them because they don't operate on the same scale (and they're not as outspoken).