For an early-stage venture-backed startup a small amount of revenue is worse than zero revenue. What the CEO has sold to investors is slices of glorious future potential. But once you have cold, hard cash coming in, suddenly people start evaluating you as a present, actual thing. And in practice, the amount of money coming in from a new, experimental product won't do shit to drop your burn rate. Better to stay in the land of glorious potential until you're sure your revenue graph is going to be the beloved hockey stick.

Ah yes, the classic Radio on Internet: https://www.youtube.com/watch?v=BzAdXyPYKQo

Wow, that's so good. I've still never seen the show, as I am pretty sure I would die. But I really appreciate the clips I have so far survived seeing.

Because VC. You need growth, at all cost (both monetary and ethical) to get more VC money, and when you’re big enough you exit by selling to a big tech. That’s current Silicon Valley playbook.

Because they need to hook the line first

Founder yesterday said "when you get paid..we get paid". So this is a beta test. Fees will come.

I have a feeling that if they took a cut, they would also have to pay the 30% Apple tax. I bet they'll find a way around this though