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It did seem like a heck of a lot of money for an app that didn't really solve a big problem. It solved a small niggle, paying a child immediately over the app r
by monk_e_boy 10y ago
It did seem like a heck of a lot of money for an app that didn't really solve a big problem. It solved a small niggle, paying a child immediately over the app rather than wait and pay in cash a few hours later.
Maybe $700k is less than it sounds. Or maybe piggybank had some cunning plan to make a lot of money.
- jsprogrammer 10y agoI don't think the app ever solved that problem. From the article, it sounds like the company spent most of its time trying to find a partner to implement that feature, but ran out of cash after being strung along by multiple Fortune 500 companies.
- hrabago 10y agoA small problem is a good thing if you have lots of people with similar problems, in which case your market can grow really large.