Without cash flow, how far can the site go? Someone needs to pay the bandwidth/server bill. Not to mention it costs time to run a site. If you are working full-time at another job (because you aren't bringing any money in), you won't have any time to work on it.
Reddit succeeded largely because the company that bought them is making money elsewhere.
>> Reddit succeeded largely because the company that bought them is making money elsewhere.
Such a nonsense makes me angry. Surely you've heard about companies called Google, Facebook, Linkedin, that succeeded without being bought and for a long time not making a profit.
The difference is Reddit isn't particularly looking for profit. Unless they completely change their business and way of doing things (unlikely to happen), they probably will never make a profit.
Agreed. If they are re-investing money to grow the product, that might be why they aren't currently profitable. That doesn't indicate a lack of success in my book.
Reddit succeeded largely because the company that bought them is making money elsewhere.