That 1.25B per month is not profit
1,434 karma · joined March 13, 2009
We should eat food that our pre-industrial ancestors would recognize.
The timeline of HIV pandemic has been established decades after pandemic started. This will take time.
I'd assume that virus originating anywhere in SEA region would be detected in China first. Just like many other viruses originating in America continent would be first detected in USA.
For example, me-south-1 and af-south-1 still do not support AWS DataSync fully automated transfers. When this feature has been announced, it was put into 16 regions. Why not all regions where AWS DataSync is available?
There is more. This is just last example I've noticed.
As a result, when building cross-region service on AWS, it's not enough to just check whether AWS product is available in desired region, you need to check whether every single feature you need within the product is available in desired region too.
Car/appliance manufacturers do not use their cutting edge chips. The biggest use-case for these chips are new iPhones and iPads. Nothing critical.
But... it adds up.
For example, just looking at the last $39 USD transaction in my Stripe dashboard which gets converted to $53.72 AUD (I charge in USD but receive AUD)
Stripe currency conversion fee: $0.88 Stripe processing fees: $1.69 Total: $2.57
That's 4.78% fee. Now add this new 0.5% and we are over 5% fee on transaction processing.
Is this expensive enough for me to consider alternatives? No.
And here is the problem. Take VC money and now you are forced to run company at breakeven point.
This company would be perfectly fine operating with half the staff and generating for the CEO half a million in profits per year - every year.
He could have met his family financial goals long ago and still keep the company.
This is what folks at 37signals figured out years ago and good on them. Do not take VC money unless you are already a millionaire and aiming for the moon.
Also. You really don't want customers who will buy from you at $29/mo and won't buy at $39/mo. This is because if $10 makes difference in their purchasing decision, the value they are getting out of your subscription is roughly what you charge. This segment of customers will churn the fastest as they will be constantly on the edge revaluating whether your subscription is "worth it". You might as well not care about whether they become customers or not. So why bother with cheesy tricks to make them convert. It's not worth it.
More context: https://blog.codinghorror.com/why-ruby/
It says $15 per capita.
That surely must be a typo, right?
For one, it's really annoying when seeing insightful reply but unable to see the full picture because OP has deleted their comment.
Not to mention, when you go down that path by curating your posting history, what does it tell about you? Being self-absorbed and depending on validation of others are not exactly healthy attributes. You think you are helping yourself in long run but in reality, you are hurting yourself more.
Nothing was for sale. It just that local bakery would supply only about 200 loaves of bread so it would be sold out pretty quick after opening. When you came home with fresh bread, it did feel like an achievement and the day was only about to start!
Nobody in those times would question why bakery can't bake more if there is more demand. It was just the way it was. Centrally-planned economy where someone higher up has decided 200 a day will be the supply for the area.