{"id":1776,"date":"2007-10-07T00:39:46","date_gmt":"2007-10-07T04:39:46","guid":{"rendered":"http:\/\/www.mathewingram.com\/work\/2007\/10\/07\/craigslist-racks-up-another-75-million\/"},"modified":"2007-10-07T00:39:46","modified_gmt":"2007-10-07T04:39:46","slug":"craigslist-racks-up-another-75-million","status":"publish","type":"post","link":"https:\/\/mathewingram.com\/work\/2007\/10\/07\/craigslist-racks-up-another-75-million\/","title":{"rendered":"Craigslist racks up another $75-million"},"content":{"rendered":"

The ease with which Craigslist can boost its revenues truly boggles the mind. According to several estimates, the privately-held classified provider controlled by founder Craig Newmark and CEO Jim Buckmaster already has<\/a> annual revenues of about $150-million — and that’s from charging $25 for job listings in just a handful of cities<\/a>, and $75 for a listing in San Francisco, as well as $10 for listings by apartment brokers in New York City. <\/p>\n

Now Craigslist is adding fees<\/a> in four more cities — Chicago, Orange County, Sacramento and Portland. So that’s another $25 per listing in all of those centers. And the classified site, which pushes a mind-blowing eight billion web pages or so every month<\/a>, is already making $150-million or so from seven cities. Even if you assume that places like Orange County and Portland aren’t going to produce as much income as Boston or Los Angeles, I figure that’s still going to boost revenues by close to 50 per cent.<\/p>\n

That would put the company’s sales at more than $200-million — and this from a company that consists of about 20 people working in a renovated house in San Francisco, and a couple of hundred servers somewhere. All you have to do is multiply some of those revenue numbers a bit and you get into some pretty amazing territory, as Startup Boy wrote awhile back<\/a>. And I would expect that even after adding all those cities, costs at Craigslist have barely gone up.<\/p>\n

It’s too bad that Jim and Craig have no interest in making billions of dollars, as they continually tell people<\/a> — including the audience at mesh 2007<\/a>, where Jim was one of the keynote speakers. Those guys are enough to make a Wall Street broker cry.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

The ease with which Craigslist can boost its revenues truly boggles the mind. According to several estimates, the privately-held classified provider controlled by founder Craig Newmark and CEO Jim Buckmaster already has annual revenues of about $150-million — and that’s from charging $25 for job listings in just a handful of cities, and $75 for … <\/p>\n

Continue reading “Craigslist racks up another $75-million”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_crsspst_to_mathewingramblogwordpresscom":false,"mf2_syndication":[],"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-1776","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/posts\/1776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/comments?post=1776"}],"version-history":[{"count":0,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/posts\/1776\/revisions"}],"wp:attachment":[{"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/media?parent=1776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/categories?post=1776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mathewingram.com\/work\/wp-json\/wp\/v2\/tags?post=1776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}