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Pinboard's profile
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@Pinboard

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Pinboard

@Pinboard

The light inside is broken, but I still work. The Cadillac of online bookmarking sites. Alleged nocoiner. http://pinboard.in  maciej@ceglowski.com +1 415 610 0231

Lonely street of broken dreams
pinboard.in
Joined July 2009

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    1. Pinboard‏ @Pinboard 25 Feb 2020

      Someone called me a tech millionaire, and I got all snippy, but then I realized that I have no idea how to value Pinboard. Do I just, like, multiply earnings by something? Is it the craigslist value of the servers? How do you value a tiny tech business?

      29 replies 4 retweets 164 likes
      Show this thread
    2. Pinboard‏ @Pinboard 25 Feb 2020

      (For those curious, the site makes about $190K/year in revenue, has 25k active users, has costs of about $38k, mostly fees and colocation, and I'm not looking to sell it. Rather, I am biding my time to buy out everybody else)

      15 replies 6 retweets 183 likes
      Show this thread
      Pinboard‏ @Pinboard 25 Feb 2020

      I used to post detailed financials to encourage other people who wanted to run a small project, but in recent years this advice grew untenable given the amount of investment money sloshing around my industry. You can't tell people to seek a steady income when there is free money

      1:04 PM - 25 Feb 2020
      • 7 Retweets
      • 93 Likes
      • Harold Jarche Simon Terry Stanislav Andy Chow *#GotVaxxed*💉 Michael John Lo Thomas Womack President and CEO, Antifa for America Inc. Romeu Moura mario
      5 replies 7 retweets 93 likes
        1. New conversation
        2. no thanks‏ @raymondedwards 25 Feb 2020
          Replying to @Pinboard

          I don’t understand, was the disclosure harmful to you, or are you saying not enough people paid attention to it?

          1 reply 0 retweets 0 likes
        3. Pinboard‏ @Pinboard 25 Feb 2020
          Replying to @raymondedwards

          I mean that the advice to "start your own thing and live off it" made no sense in a context where you could do much better taking investment that was easy to obtain and came without real strings attached

          2 replies 0 retweets 7 likes
        4. Show replies
        1. New conversation
        2. gareth‏ @garethdmm 25 Feb 2020
          Replying to @Pinboard

          Tough one, I gotta go with "no" (technically) and "yes" (essentially). Speaking for myself: I was a paper-millionaire 2014-18 but only took in $40k of salary. I could say "I'm not rich" but reality is my lifestyle/prospects those years were closer to a 1%er than the middle class.

          1 reply 0 retweets 0 likes
        3. gareth‏ @garethdmm 25 Feb 2020
          Replying to @garethdmm @Pinboard

          Lots of tech folks make $200k+ and have options with huge upside on an IPO that is still years off. They aren't millionaires for tax purposes, but seems from the perspective of working class, looking at that person, I might lump them in with "millionaires"

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. Thomas Depierre‏ @Di4naO 25 Feb 2020
          Replying to @Pinboard

          I would like to point out that some of us find accepting that free money ethically problematic and are still trying to do this without it. And could appreciate that kind of post and info. Just saying

          0 replies 0 retweets 1 like
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        1. mario‏ @marionogueira 25 Feb 2020
          Replying to @Pinboard

          you’d be surprised... are you familiar with @basecamp and their philosophy to starting and running businesses?

          0 replies 0 retweets 1 like
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        1. Claude Schrader‏ @cschrader 25 Feb 2020
          Replying to @Pinboard

          This is an interesting thought, thanks for the transparency. The idea of starting a steady but profitable internet thing is very tempting.

          0 replies 0 retweets 0 likes
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