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Comment by teej | Hacker News Reader

To be fair, Jason Bailey's company is profitable and doing 8 digits in revenue a year. How much is Twitter making again?

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How much is Twitter making again?

What does it matter? They're certainly not starving (yet). These hippies started up something from scratch, are having an incredibly fun time doing it, getting funded, making waves and headlines and may yet make money. Ev already got loads of cash from selling Blogger before. And wasn't that the same question people asked of Amazon and Google before? How much were they making two years after launch?

Amazon: 15.7 million in 1997

Google: 86.4 million in 2001

It does matter. Venture capital is not infinite and it will eventually get tired of investing in things that just turn out to be popular ideas that can't generate revenue.

Then they won't invest in your real deal because they have been burned too many times.

His comments don't even make sense. He calls twitter hippies because they aren't starting a virtual currency business that his company can glom onto. If his company is so loaded, why doesn't he start his own virtual currency business? Oh right, because starting a virtual currency is hugely risky, full of regulatory hassle and not very interesting. If anyone should start a virtual currency, it is the game company that is going to use the virtual currency! (Like you know, MMORPGS already do...)

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