News for hackers. Stuff that matters.
Re:How We Hit $912 Million in Sales by npalli on Monday July 01, 2013 @11:28PM (#5975644)
He started with $1000 and grew to $912 Million over 43 years. That's compounding annually at 38% percent. I was surprised that after 43 years it is still under a billion. Just goes to show how big a billion dollars is :-).

He must also really really love his space and company, nowadays when companies are flipped in 43 weeks, he is going on for 43 years. Wow, that's some dedication and calls for a very difficult temperament and set of skills.

Re:How We Hit $912 Million in Sales by bobwaycott on Tuesday July 02, 2013 @02:29AM (#5976174)
> Just goes to show how big a billion dollars is...

As a boy, my grandfather once wanted to impress upon me the astronomical nature (or so it seemed at such a young age) of large numbers (especially in reference to government budgets).

At first, I couldn't believe it when he told me that if I spent $1/second, I'd blow through $1M in just under 12 days (11.5 to be more precise, with rounding).

But it was when he told me that spending through $1B at the same rate would take me nearly 32 years that I realized that was a ridiculously large sum of money.

I've never forgotten that lesson. I also walked away deviously thinking the best goal I could shoot for in life was to figure out how to earn $1/second.

Re:How We Hit $912 Million in Sales by jedc on Tuesday July 02, 2013 @09:03AM (#5977492)
Obligatory reference to the excellent XKCD chart: http://xkcd.com/980/
Re:How We Hit $912 Million in Sales by bobwaycott on Tuesday July 02, 2013 @11:06AM (#5978249)
Wow. This is the first time I've seen that chart. Not sure how I've missed it. Amazing.
Re:How We Hit $912 Million in Sales by jedc on Tuesday July 02, 2013 @12:46PM (#5979074)
It's also in his XKCD store if you want to make Randall a few bucks: http://store.xkcd.com/products/money-poster
Re:How We Hit $912 Million in Sales by beachstartup on Tuesday July 02, 2013 @01:20AM (#5975993)
> He started with $1000 and grew to $912 Million over 43 years

try measuring the cumulative revenue over those 43 years, i.e. the integral instead of the first derivative.

Re:How We Hit $912 Million in Sales by csomar on Tuesday July 02, 2013 @06:56AM (#5976927)
$1000 was the money they had.

$912 was their annual revenue.

In my opinion, this is Apples to Oranges. Capital and Revenue are not the same thing. Also, you should take into account his knowledge, experience, and partner help.

Re:How We Hit $912 Million in Sales by aurelius83 on Tuesday July 02, 2013 @01:09AM (#5975957)
Hmm. The article is a bit ambiguous. Does he mean he started out with only 1,000 in capital? Or did he only have 1,000 dollars in sales.
Re:How We Hit $912 Million in Sales by csomar on Tuesday July 02, 2013 @06:57AM (#5976931)
We had $1,100 total when we incorporated Esri.

Pretty clear in my opinion. They had $1,100 of capital and not of sales.

Re:How We Hit $912 Million in Sales by lagorio on Tuesday July 02, 2013 @08:35AM (#5977361)
Yes, you're correct. Jack's family had given him $1000 in the early days.
Re:How We Hit $912 Million in Sales by alphakappa on Tuesday July 02, 2013 @01:36AM (#5976033)
900+ million with 9000 employees means around 100,000 per employee. That sounds a bit low for revenue per employee.
Re:How We Hit $912 Million in Sales by cjackson on Tuesday July 02, 2013 @03:25AM (#5976315)
I currently know of software engineers that have been working there for 1 and 2 years. Individually they are each making between 50k and 60k a year.

Don't need quite as much revenue when employees are cheaper.

Re:How We Hit $912 Million in Sales by akiselev on Tuesday July 02, 2013 @02:00AM (#5976102)
I remember Riverside (pretty close to Redlands) in the 1990s and it was dirt cheap, even during the era of the $1 gallon of gasoline. $100k in pay + benefits stretches far there, especially once you factor in the higher revenue per employee in other nations (43 years + 350k orgs using their software sounds like a multinational).
Re:How We Hit $912 Million in Sales by segmondy on Tuesday July 02, 2013 @08:19AM (#5977282)
How much is that company you started making per employee?