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My favorite summary of this entire pattern is that VCs would happily fund a company which sold dollar bills for $0.90, figuring they could get users now and rai
by Bartweiss 7y ago
My favorite summary of this entire pattern is that VCs would happily fund a company which sold dollar bills for $0.90, figuring they could get users now and raise prices later. (After all, they already raised the price from $0.70 and nobody complained!)
- kccqzy 7y agoThe VCs are banking on that startup playing obnoxious and privacy-invading ads to customers while they purchase their dollar bill with $0.90.
- tjoff 7y agoWhat about the other missing $0.06? Oh, I get it, they sell antidepressants for the society they ruined.
- m463 7y agoBut what is the value of the list of customers that sign up to purchase the dollar bills? It could be like the list of folks who buy stuff on late-night infomercials. VC exit strategy: sell stock, get list and bail.