Re:Why I Quit My CTO Job At Facebook And Started Quora
by jonknee on Friday September 10, 2010 @02:03PM
(#1679628)
Well you counted Facebook as a big success in terms of advertising, but they aren't exactly raking in cash. To me that puts it similar to Hulu and Demand--making significant revenue, but the real money comes from an IPO.
For the most part we're not talking public companies, so it's hard to be completely accurate. But I think it's safe to say that there are a lot of online advertising funded businesses who are providing strong returns to their partners/investors.
Demand media I was going to actually use as a counter example since they're not yet profitable (http://blogs.wsj.com/digits/2010/08/12/where-did-demand-medi...)
Last.fm was "hoping" for profitability this year (http://paidcontent.co.uk/article/419-interview-cbs-thinks-la...)