23/10/2025
Revenue Vs Fortune 💸👑
Russ Hanneman, a flamboyant billionaire, made his fortune by “putting radio on the internet.” His character parodies real-life entrepreneur Mark Cuban, who co-founded Broadcast.com, an early internet radio company later sold to Yahoo! for billions.
In one scene, Hanneman explains to Richard that having no revenue can actually be advantageous for a tech startup’s valuation. If a company shows revenue, people scrutinize the numbers, and it will never seem enough. But a “pre-revenue” company can be positioned as a “pure play” with unlimited potential. For Hanneman, it’s not about current earnings—it’s about the value of potential future growth.
This mindset reflects the early internet boom and the often-inflated valuations of companies that hadn’t yet turned a profit. Hanneman’s character captures the exuberance and sometimes questionable logic that drove tech investments during that era.
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