Tag | during-the-same
In Five Months, FreshBooks Crosses $1 Billion In Transactions
Toronto-based invoice startup FreshBooks has crossed $1 billion in billings that wer paid worldwide over the FreshBooks ecosystem between January and May of this year. FreshBooks lets you create and share invoices, time sheets and estimates within a web application. The application is largely popular amongst freelancers, consultants and small businesses. With both free and paid plans, Freshbooks has served 1.6 million users since May 2004. In addition to announcing the $1 billion milestone, FreshBooks released other findings about usage on its system during the same period. The average invoice size on FreshBooks was $1,677. Users in Mexico and Sweden saw the largest invoice sizes with $4,669 and $4,423 respectively. India and Malaysia were the lowest with $414 and $406. Average invoice size for the U.S. was $919. The average time to pay an invoice on Freshbooks was 22.8 days China saw the shortest time to pay with 11.9 days, while India saw the largest at 31.7 days. The average time to pay for the U.S. was 20 days. FreshBooks says that its billings did not reach the $1 billion threshold last year until August. Launched in 2004, the startup has steadily added useful features to its billing service over the past few years, including benchmark reports on aggregated business data, an open API, and data mining from users. Competitors in the online billing space include BillMyClients and Blinksale. CrunchBase Information Freshbooks Information provided by CrunchBase
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In Five Months, FreshBooks Crosses $1 Billion In Transactions
Posterous Growing At More Than 700 Percent a Year
Somewhere in between full blogging platforms like WordPress and the 140-character limit of Twitter, true microblogging sites like Tumblr and Posterous are taking off. I call these true microblogging sites because they are designed for quick hits but can support photos, themes, and other more blog-like features. Tumblr has been around longer and is getting quite big (23 million monthly unique global visitors, according to Quantcast) , but the younger Posterous is also seeing some decent growth. According to Quantcast , Posterous has 5.3 million monthly unique global visitors, with 2.2 million in the U.S. (Both Posterous and Tumblr are directly measured by Quantcast). If you look at the Quantcast chart above, you can see the different growth spurts Posterous has gone through. The first year after its launch in June, 2008, it’s growth was pretty gradual. But then, almost a year ago, it i ntroduced an iPhone app which allows users to post their photos and thoughts directly to their Posterous blogs. One of the main uses of Posterous is to share photos with some commentary. Then earlier this year it started integrating more tightly with Twitter through its Post.ly service , and kept steadily adding new features throughout the year. Currently the company is trying to fuel growth through a switching campaign targeted at 15 competing services such as Ning and Twitpic, which is getting it in some hot water . Even taking the more conservative estimates from comScore, which shows Posterous with only 2.5 million worldwide unique visitors in May, 2010, the site is up 700 percent since comScore started collecting data 11 months prior. It is safe to assume that the annual growth is north of 700 percent. Tumblr, by comparison, is up 174 percent during the same period (off a much larger base of users, which comScore estimates 10.7 million worldwide unques in May, 2010). Both are growing spectacularly because when you lower the barriers to publishing, the posts (and audience) will follow. CrunchBase Information Posterous Tumblr Information provided by CrunchBase
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Posterous Growing At More Than 700 Percent a Year
