That whole story is just one big WTF to me.<p>It seems most things sailing in the wake of twitter simply defy all logic and common sense. There have been literally dozens of picture sharing services before twitpic. The only difference I can see is the name ("look, we're for twitter!") and that he basically integrated an url-shortener.<p>The entire site looks like about a week's worth of work. 700k in annual profit? Not sure if I want to laugh or cry.
Thanks for the comments everyone! I hope that you will find the information in the interview useful in some way.<p>Feel free to hit me up on Twitter (@noaheverett) if you have any questions.
I would have sold, at any time twitter could basically undermine his business, actually the more successful it becomes the more likely twitter would be to integrate it.
Question for noah, if he's willing to answer it:<p>You said that currently you have $1.5M+ revenues, and margins of 70%. What are the current cost breakdowns right now? Other than salary, what other ongoing costs do you have?
2010 turns out to start full of good news about small teams. First Balsamiq story, now this one. Anticipated is a new wave of optimistic first-time entrepreneurs with financial projections built on these cases :)