When it comes to valuation, making money is a real obstacle. Our profitability has been a real drag on our valuation.

When it comes to valuation, making money is a real obstacle. Our profitability has been a real drag on our valuation.

PRESS RELEASE: 37SIGNALS VALUATION TOPS $100 BILLION AFTER BOLD VC INVESTMENT, Jason Fried

This announcement is a veritable gold mine of fundamental truths about building a web company. You might as well copy and paste the entire thing into a motivational, embeddable widget that you give away for free with a tiny advertisement at the bottom. Hey, there’s your next startup business model.