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To those, who like me, felt a knee-jerk reaction to criticize: If you are going to make a criticism, don't make a sarcastic or snarky comment. Instead, make a
by tedsanders 9y ago
To those, who like me, felt a knee-jerk reaction to criticize:
If you are going to make a criticism, don't make a sarcastic or snarky comment.
Instead, make an argument about why there is no potential in a product that:
+ increases the quality & productivity of one of the most valuable and professional skills that's used in 99% of all jobs
+ has a potential customer base of over 1 billion people
+ has near-zero marginal costs
+ has increasing returns to scale due to its cost structure
+ has increasing returns to scale due to its product development being based on learning from user data
+ is based on a new machine learning paradigm that has recently made huge gains and has unknown potential
And just think about the value of writing. Some people make their entire living from writing (journalism, etc.). A large fraction of the population needs good writing skills in their job, just to share information and persuade others to act. If improving your writing - on items like your cover letter, your professional emails, your product - gives you a 1% boost to productivity and a 1% higher chance of a promotion, then this $110M is nothing compared to those percentages multiplied over the English-speaking population.
Of course, the whole idea could be a bust. But if you think so, make the argument why. Resist the temptation to post brief, snarky comments about how VCs are stupid.
- askafriend 9y agoThank you for saying this. I would wager that a majority of people who comment can't think in these terms and resort to the easy way out - which is snark. Just look at threads about Facebook, for example. It's usually just pure unsubstantiated hate and very little intelligent/interesting comments.
- tyingq 9y agoI'm skeptical not about an investment in them, but the size of the investment vs the size of the market that will pay a non trivial fee for it. $12/month, but only if you prepay annually. It's $30 if you want month to month. That makes you wonder if the high investment is then for something shady...they have indirect access to email content, for example. Or, something like AI hype.
- shusson 9y agoThe two biggest issues I see are: - Requires complete access to all the data you type - They don't own any platforms, and the product is potentially a core feature of a platform/service. For example if Google decides to roll their own grammar service and tightly integrate it with chrome, how would grammarly complete?