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Now it’s a winner-take-all environment. Agency people are getting pinched with procurement teams, and it trickles down to publishers: “Oh, we love this idea you proposed for $1 million. Now do it for $500,000. Or there’s nothing for you.” Do you take the cut in margin? Where do you stand on principle vs. practicality? Will Fatherly raise more money to fund growth? We are running a break-even-or-better business, as we have from the start. We raised last year a bit more opportunistically. We had an opportunity to grow even more quickly, and we only raised from strategics.
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