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This looks like a service we could recreate, and sell to employers who don't want to be responsible for handing over their employees' data to a firm that risks
by neil_s 9y ago
This looks like a service we could recreate, and sell to employers who don't want to be responsible for handing over their employees' data to a firm that risks creating embarrassing PR for them. There are obviously network advantages, but you could bootstrap it if you got even a single employer on board. Is there some other complexity I'm missing?
- cornholio 9y agoThere are massive network effects, employers only sign up to learn information from other companies, and give up their own information as a condition for the former. It's a business that bootstraps when you have an existing customer base of related services, dealing with employee and payroll management, credit ratings etc. and mine your existing data for a prototype product good enough until the network effects kick in. Maybe you could make it bootstrap by making it very cheap or free, so that, even if employers don't usually get anything from you, they still remained enrolled for the rare instance when you deliver something that others lack, so that you can buildup your database in time. But then highly secure, easy to use and long term come at odds with free.