Yet another social media site saw massive success in 2012. Tumblr managed to generate $13 million in revenue last year, and plans to bring in around $100 million this year.
David Karp, the founder and CEO of Tumblr explained that his company didn’t really have a model for revenue, but were more focused on improving the site and it’s traffic. Entrepreneurship takes patience.
Tumblr gets roughly 18 billion page views per month, and was recently named one of the top 10 most trafficked websites in the country. Karp has raised more than $125 million in funding so far, and has been using it to improve website operations.
Tumblr was valued at $800 million in September, which will only grow this year. David Karp is doing his thing, and Tumblr looks to be on a roll.
Wentworth Jones | Elite.