6 ms·

Did you all seriously expect this company to be evergreen? Your data is now the primary source of their valuation in a sale.

by tcdent 2y ago

zombiwoof 2y ago
[flagged]
sct202 2y ago
The value of all that is like $<1 per person based on Wojcicki's last offer to buy out.
deleted 2y ago
[deleted]
bsimpson 2y ago
There's probably a business case to be written here about total addressable market. The world is a big place, but after all the people willing to pay $50-$100 for some novelty info buy their dossiers, where does new revenue come from to keep the lights on?
- eastbound 2y ago
  It’s true the “Give me $100 to tell you things about yourself” segment is already taken by fortune tellers.
- Blackthorn 2y ago
  New people turning 18. It's no different than the FL studio model, which has worked admirably well for much longer than this has been a company. The population isn't static.
  - 4d4m 2y ago
    The FL Studio model is one that should be celebrated and imitated often. Buy-for-life software builds an incredible community around it.
  - Incipient 2y ago
    FL Studio sells sound packs too. Also there isn't any cost to selling a new key after the software is made. FL also wouldn't have astronomical valuations of 1bn or whatever 23 made it to.
- tcdent 2y ago
  This is one of the rare cases where TAM is not even worth discussing; it's like food, or clothing- everyone is a candidate. Even in third world scenarios, it you secure grant of government funding, anyone could become customers. What actually went wrong here is not a matter of growth but failure to attain what should have become a sustainable business model.
  - bsimpson 2y ago
    one would hope that they could find a way to be sustainable with a payment of $100 per record or whatever it was. (i don't have a good sense of what their costs per commercial sequence are.) but the difference between food and 23andme, beyond the obvious necessity v curiosity, is that 23andme is a 1 time purchase. once someone has seen their results, they've extracted all the value and have no reason to buy anything else.
- pkoird 2y ago
  Pets? People are crazy about the genetic makeup (and possible diseases) of their pets.

Did you all seriously expect this company to be evergreen? Your data is now the primary source of their valuation in a sale.

by tcdent 2y ago

Did you all seriously expect this company to be evergreen? Your data is now the primary source of their valuation in a sale.

zombiwoof 2y ago

[flagged]

sct202 2y ago

The value of all that is like $<1 per person based on Wojcicki's last offer to buy out.

deleted 2y ago

[deleted]

bsimpson 2y ago

There's probably a business case to be written here about total addressable market. The world is a big place, but after all the people willing to pay $50-$100 for some novelty info buy their dossiers, where does new revenue come from to keep the lights on?

eastbound 2y ago
It’s true the “Give me $100 to tell you things about yourself” segment is already taken by fortune tellers.
Blackthorn 2y ago
New people turning 18. It's no different than the FL studio model, which has worked admirably well for much longer than this has been a company. The population isn't static.
- 4d4m 2y ago
  The FL Studio model is one that should be celebrated and imitated often. Buy-for-life software builds an incredible community around it.
- Incipient 2y ago
  FL Studio sells sound packs too. Also there isn't any cost to selling a new key after the software is made. FL also wouldn't have astronomical valuations of 1bn or whatever 23 made it to.
tcdent 2y ago
This is one of the rare cases where TAM is not even worth discussing; it's like food, or clothing- everyone is a candidate. Even in third world scenarios, it you secure grant of government funding, anyone could become customers. What actually went wrong here is not a matter of growth but failure to attain what should have become a sustainable business model.
- bsimpson 2y ago
  one would hope that they could find a way to be sustainable with a payment of $100 per record or whatever it was. (i don't have a good sense of what their costs per commercial sequence are.) but the difference between food and 23andme, beyond the obvious necessity v curiosity, is that 23andme is a 1 time purchase. once someone has seen their results, they've extracted all the value and have no reason to buy anything else.
pkoird 2y ago
Pets? People are crazy about the genetic makeup (and possible diseases) of their pets.