This is a fascinating chat. I've always had immense respect for pre-acquisition WhatsApp. They ran tech like the high margin business it is, not like most of the Silicon Valley bozos who would sacrifice their souls to the altar of growth.
It's nuts that they raised $8M from Sequoia but never even touched it. That $1 annual subscription in the early days was enough to keep the lights on.
That the kind of margin a well-run tech business can have.
