I think he's acknowledging that his company was un-monetizable and selling was obviously the best thing they could do. And 10 years later, it remains unmonetizable, that's sad.
I think he's acknowledging that his company was un-monetizable and selling was obviously the best thing they could do. And 10 years later, it remains unmonetizable, that's sad.
Business is hard, and it can take a long time and many failures to be truly innovative. I’m an engineer, but I’m a little sad that so few people with strong business backgrounds are trying new things. Maybe in another decade or two.
That's wrong - WhatsApp was monetized - IIRC, they had 200 million users (and growing) and a staff complement of 50[1]. They could have been easily profitable even if a fraction of their users then paid $1/year, or charged Businesses or bots.
1. https://www.forbes.com/sites/parmyolson/2014/02/19/exclusive...
Thats moving goal posts -- the claim was that WhatsApp was unmonetizable not that it could generate super normal profits.