Tech Wizards of the Silicon Forest. Great profiles of what’s being worked on in Portland.
Groupon has filed its S-1 and hopes to raise $750M in its initial public offering. Given they’re currently losing a staggering $117M per quarter, despite revenues of $644M, they’ll be burning through that cash almost as soon as it hits their account.
At the moment, it’s costing them $1.43 to make $1, and it doesn’t look like it’s getting any cheaper. They’re already projected to make close to three billion dollars in revenues this year. If you can’t figure out how to make money on three billion in revenue, when exactly will the profit magic be found? Ten billion? Fifty billion?
No bubble here. (via Gruber)
Startups: Not for the faint of heart. Pro consulting on the side until your bootstrap revenues are sufficient.
Startup vs. Company. Spencer Fry: “Startups are easy. Companies are hard.” I feel this way too.
My new crazy idea: Startup time. Lauren’s thinking about starting a digital news organization in Porterville, California.
Why Startups Fail: An Analysis of Post-Mortems. Valuable insights and possibilities to consider.
How Facebook Ships Code. Brings new meaning to the phrase “developer-driven culture.”
Startup Lessons from Constant Contact. Average selling price of $37/month with 375k customers. Holy shit.