4 ms·
how does openbazaar make money? How will the investors recover money and make profit?
by it_learnses 11y ago
how does openbazaar make money? How will the investors recover money and make profit?
- etjossem 11y ago$1M in seed funding isn't that much. At the moment, they're receiving donations [1], but it's entirely conceivable they're going for a similar business model to MySQL's original authors: selling support, consulting services, and training for their products. [1] https://blockchain.info/address/3MXYUBLWNETa5HTewZp1xMTt7AW9kbFNqs https://blockchain.info/address/3MXYUBLWNETa5HTewZp1xMTt7AW9...
- skrowl 11y agoI couldn't find this answer either. It's difficult to trust someone with large hosting / development / etc costs but no business model. It's not a charity. How do they "keep the lights on" with no fees?
- pmorici 11y agoWhy would they have large hosting costs? They don't do anything except have a website where you can download the OpenBazaar software individual stores are self hosted.
- rgbrgb 11y agoThe network effects of this will be pretty strong if this takes off. If they have a large captive audience of people with their wallets open, ads could be pretty effective/lucrative (and there's no adblocker if they own the browser).
- wentoodeep 11y agoAdvertisement?
- pmorici 11y agoThey are probably hoping the marketplace takes off then they will offer hosted stores to merchants who don't want to deal with setting up their own OpenBazaar node.