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At one point I was working on a POS proof of concept that would offer the software for free to restaurants to use with the caveat that we could sell their anony
by mipmap04 9y ago
At one point I was working on a POS proof of concept that would offer the software for free to restaurants to use with the caveat that we could sell their anonymized patron data as reports to restaurateurs looking to gather intel on viability of new restaurant locations. I got bored of it and stopped before I validated the market for it, but I think there is space for this. This was before vendors like square had their products for small businesses, however. At the time, my potential competitors were the NCR Aloha's of the world.
- crispyambulance 9y agoYeah, wherever there's money, there's valuable information. POS' are a goldmine if you can acquire data from huge numbers of them (unfortunately that's hard).
- mipmap04 9y agoThat's definitely true. I would have had to operate at a loss for a while until I could enough data to sell. I never did the math to see how long that period is, but I'm pretty sure it's worse than my back of the napkin calculations.