Mullenweg: All Automattic business units besides Tumblr are very profitable
Matt Mullenweg · Matt Mullenweg: How I Founded WordPress; Storytelling Tips; How to Give Feedback | 20VC #905 · 20VC with Harry Stebbings · Jul 11, 2022 · at 16:50
Matt Mullenweg is the CEO of Automattic, parent company of WordPress, WooCommerce, Jetpack, and Tumblr.
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“Now, fortunately at our business, all the other businesses are doing very well and very profitable.”
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More from Matt Mullenweg
Mullenweg: Tumblr was mismanaged by Yahoo, AOL, and Verizon
“It had been mismanaged, I think under Yahoo and AWOL and Verizon, and we felt like we could turn it around.”
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“We have no email. We communicate via blogging and yeah, it's very global.”
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“WooCommerce is our e-commerce platform, which, you know, today can be Probably will be as large of all, as all of our other businesses combined.”
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“Open source is the future of humanity and it's important that we create more of it.”
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“I love the idea as well as, you know, having someone on the team whose job it is even to like attack the ideas and to really force them to defend themselves.”
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“I personally am very default trusting. And that also means that sometimes you pay what I call an optimism tax. My friend John Sten came up with that, and basically saying that, you know, if you default to being optimistic and trusting, sometimes people will ta…”