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"Millions of people used our greeting card engine each month. Venture-backed firms paid us $1-$3 every time we convinced those users to sign up for their servic
by richcollins 18y ago
"Millions of people used our greeting card engine each month. Venture-backed firms paid us $1-$3 every time we convinced those users to sign up for their services."
Kind of reminds me of RockYou's Facebook advertising model. (If there is a gold rush, sell mining equipment instead of mining)
I wonder what the ROI was on the users "purchased" by the venture backed startups.
- AndrewWarner 18y agoSo one of our VC-backed clients accidentally showed me his investment deck. Turns out his investors were valuing his company at $7.50 times number of members. It's part of a game that some VC-backed startups are involved with. I bet their VC's had numbers that showed they could take the company public at $10 times number of members.