As further proof that slow and steady wins the race, ticket search engine SeatGeek had its first profitable month in August and followed suit in September. Via TechCrunch:
What kind of growth are we talking about? Well, the company said it brought in $2.5 million in gross ticket sales in September, compared to $1.1 million in September 2011, and $550,000 in September 2010. Traffic is growing too, with 1.6 million visits to the SeatGeek site in September, up from 490,000 in 2011 and 260,000 in 2010.
D’Souza argued that his company provides a compelling counter-example to all the overnight success stories of startups that are celebrated for their explosive user growth. That didn’t happen with SeatGeek — instead, it grew steadily and focused on revenue rather than “a more hazy metric like user accounts,” he said.