Advertising, Revenues and harsh realities
Monday, April 7th, 2008coComment started, as a company, in January 2007. coComment, the concept, is significantly older having first seen the light of day as a proof of concept demo at the Lift 06 conference.
In that time, we have transformed what was a concept into a company with a very different (and much larger) product set, built a team of 22 people and acquired over 1.15million users.
However, in all that time, we’ve not made a cent/penny/grivna in revenues nor have we sought to do so. The funding from coComment has come solely from its investors.
For us, 2008 is a critical year. It is the time when we need to go from ‘promising startup’ to ‘viable business’ and a key part of that is starting to generate revenues. We want to do so in a manner that does not alienate our users nor distract them from what they want to do with coComment.
We have therefore started running advertising on the site, in our feeds to others sites and in coComment windows. I know, of course, that most people would prefer to see advertising-free services but the reality is, of course, that ultimately we cannot provide the service to you without generating revenues.
I also want us to offer our users the opportunity to have an ad-free service for an annual fee of $5.
I’ve seen some comments on other blogs … but not many. I therefore wanted to raise the issue here so that everyone has an opportunity to respond and let us know what they think. We’re all in favour of conversations so we’re happy to start one about this and get your views.
Best regards,
Matt.

