Reddit was bought today, the company has 3.5 employes 70k uniques per day and 700k pageviews per day. Well done guys, nice to see small companies making a difference. They built up a big site on less then 100k, and didn’t try to monetize it. That takes skill to keep operational and costs low.
I think with all the hype out there, there are 2 other small companies that are often over looked but some of the most successful.
1. Techrunch was a site that Michael Arrington started over a year and a half ago. He was reviewing web 2.0 companies and the site spread like wildfire. Last I heard techcrunch was generating $60,000 a month in revenues. In the last year Michael branched out and started throwing parties and doing events/conferences and building a blog network which generate even more money. I find it fasicinating because he wasn’t the first person to try it, but he just created a run away success that blew everyone else away. I suspect much of that has to do with Michael also taking advantageof opportunities far more then anyone else. For instance before techcrunch no other review site tried to dominate the field by establishing themselves via conferences or hold parties etc.
2. Rafat Ali created paidcontent a few years ago. He was one of the first people to create a blog and he more then makes a living from it. In the last year he has started expanding it by branching out into mobile and now redesigning his site and hiring more people. Paidcontent was the inspiration for Jason Calacanis to create his blog network which was sold for a estimated 25 million to AOL this time last year.
Mr. Arrington declines to divulge his net worth but says TechCrunch brings in about $120,000 in revenue a month, mostly from ads, sponsorships and an online job-posting service.”