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A comment on Reflecting on My Failure to Build a Billion-Dollar Company (2019). Parent comment
"Gumroad in February 2023:
- GMV: $14.5M
- Revenue: $1.81M
- Gross margin: 69.21%
- Net income: $834K
- Monthly churn (creators who made a sale in Jan that did not in Feb, in terms of GMV): 2.46%"
https://www.youtube.com/watch?v=st8ns96z7d4
$10M/yr profit, very modest business. No luckier than a $20 lottery winner.
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"Gumroad in February 2023:
- GMV: $14.5M
- Revenue: $1.81M
- Gross margin: 69.21%
- Net income: $834K
- Monthly churn (creators who made a sale in Jan that did not in Feb, in terms of GMV): 2.46%"
https://www.youtube.com/watch?v=st8ns96z7d4
$10M/yr profit, very modest business. No luckier than a $20 lottery winner.