2 ms·
Selling shovels to gold miners basically. Nice. Can you explain how you find people to sell software too and how realistic your value prop is? It doesn’t quite
by b_tterc_p 8y ago
Selling shovels to gold miners basically. Nice. Can you explain how you find people to sell software too and how realistic your value prop is? It doesn’t quite sound logical to me (and maybe it isn’t?).
Your software finds margins of x, but surely only so many people can make use of it before it stops working for anyone.
- moate 8y agoI think the bots are being used to buy the sneakers from direct sales channels (Nike, Footlocker, primary market sources) and then you'd flip them on the secondary market. Basically the direct channels will sell the shoes at "reasonable" prices but well below what the secondary market is willing to support so you can walk out the door and immediately sell them for 2X+ what you paid. You see similar things in rare craft beer releases.
- kfichter 8y agoMmmm you typically limit releases of your software for exactly this reason. Best model so far has been subscription based with a limited number of total subscription. I’ve seen it generate a huge amount of revenue (upwards of 300k annually). It’s in everyone’s best interest to keep the total number of bots in circulation relatively low. Helps that genuinely good software is difficult to write and most people doing that work are young/inexperienced - huge advantage to anyone with a strong softeng background.