Tinychat Now Has 20 Million Registered Users, Hits Profitability

Tinychat, the web-based video chat service, just surpassed 20 million users. Founded in 2009, the company has been on a roll lately and is showing some impressive momentum. Just about a year and a half ago, after all, Tinychat only had about one million users. The company’s co-founder Dan Blake also tells us that the site currently sees about 400,000 daily users and signs up about 50,000 new users every day. The average user now spends a good 22 minutes on the site per session.
Tinychat allows its users to chat simultaneously with up to 11 of their friends (that is, 12 people can be on camera at the same time. There is no limit to how many people can see the videos and participate in the text chat). It is currently available for free on the desktop and runs in virtually any browser without the need to install an extra plugin beside Flash.
Hitting 20 million registered users wasn’t Tinychat’s only good news today. Blake also tells us that the company is now profitable. The service’s business model is based on a freemium model, where users can upgrade to a pro account for better video quality and an ad-free experience.
Tinychat started out as a bootstrapped startup, but just over a year ago, the company raised $1.5 million from a group of investors that included Naval Ravikant, Ashton Kutcher and Sean Combs.

Source:http://techcrunch.com/2012/04/16/tinychat-now-has-20-million-registered-users-hits-profitability/