Peter Friedman
๐ค SpeakerAppearances Over Time
Podcast Appearances
800 out of 1,000 internet companies went out of business.
Not us.
Most were unprofitable.
We basically survived, bootstrapped ourselves back up, did our core DNA of online dialogue and relationships, but pivoted how we did it repeatedly.
We did a pipe in 2006 with WPP, the big marketing conglomerate, as a strategic partner.
And then the whole world fell down in 2008 again.
We haven't raised capital since.
And we have a track record of cash flow positive from operations and profit.
We built up a bunch of cash.
The last few years, we've been losing money because we've been investing in the new software platform.
Yeah, we went down to the pink sheets, then back up to the OTC, then back down to the pink sheets, but we're public.
Around 10 million a year.
Company runs around 10 million.
It's about 60 people in the court group and a few hundred online agents who are all US-based and all employees, or virtually all.
No, we're a virtual company.
I mean, we are truly a virtual company that has complements of physical things, not a physical company that telecommutes.
So almost everybody works from home.
We have a small office in San Jose, California, where the CFO is, and people can go for meetings.
We have an office here in New York that also doubles as a New York apartment, and the sales and marketing team, which is based in New York, comes here.
We have a cluster in Austin, but by and large,