What does it offer for $5 a month? Wordpress.com charges as well and the bill runs up to a lot of money for typical bells and whistles needed to run a blog. Google blogspot is still pretty much free all around. Tumblr is the same.
We're making it for ourselves. It's a long-term project. If we make good software, then it doesn't matter if there are 500 users or 5 million.
LOL. I remember that. http://techcrunch.com/2010/06/22/posterous-targets-ning-in-m...
[citation needed]
People are very often more willing to shell out money than we assume. Not all people, but some. See Pinboard.