So Dalton posted a blog on the State of App.net and had good news and bad news. Its clear as day, there was ONLY bad news.
The good news is that the renewal rate was high enough for App.net to be profitable and self-sustaining on a forward basis.
This is what the Valley called Ramen profitability.
Basically they barely made enough to pay the hosting bills. And yet Dalton was ballsy enough to say: “App.net will continue to operate normally on an indefinite basis.” NORMALLY indefinite implies for the forseeable future. In this case, indefinite is a spin for “until the next subscription cycle”.
Next startup to watch for is PostHaven. Another “we’ll just make enough to to run forever” business.