Altman says Loopt to be profitable in 2009

http://www.bloomberg.com/tvradio/ceo.html

by cominatchu • 17 years ago

28 21 17 years ago

eugenejen• 17 years ago

I believe they really can make it.

Though Loopt is not the first one to come up with the idea. But they are so far the most visible one who create a good product that users want! I really want to see their success.

This may sound as bragging. I thought idea similar to loopt on 2004 after hearing about dodge ball and asked my then boss the possibility to do this and we decided this was not the focus of the company. Also even I started to do it, I wonder I can achieve the same result as Sam did. I know idea is worthless and the execution and result is the king.)

Perhaps chasing one's idea and having the guts to do it in the right place and right time is the true cause for success.

menloparkbum2• 17 years ago

Everyone working mobile had this idea earlier in the decade. Most people working in the field knew that the biggest issue was going to be getting carriers to put this thing on their phone, not actually building the app itself. Sam Altman was young and inexperienced enough (i.e. not jaded) to push it through.

That said I wonder how loopt is going to respond to the Foursquare thing from the dodgeball people. Out here in early adopter land it seems like Foursquare is the new hotness and people consider Loopt a gay hookup application. Not that a gay hookup application is necessarily a bad market to be in...

pg3• 17 years ago

Everyone working mobile had this idea earlier in the decade.

Had it at the resolution of a one-paragraph text description, maybe. At that resolution, Google = Excite.

I also think you're doing Sam an injustice by attributing his success to youth and inexperience. Youth and inexperience are plentiful, but they don't seem to produce much except when combined with brains and determination.

dcurtis• 17 years ago

What? No double popped-collar neon polos? I thought that was his trademark.

On a serious note, please make the website as great as the iPhone app. It's really lacking, and that integration will be really cool.

Altman says Loopt to be profitable in 2009

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