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It is certainly wise to be concerned with having a way to bring income to a profit-seeking entity. But companies like Pinterest and Twitter have very different
by mpyne 14y ago
It is certainly wise to be concerned with having a way to bring income to a profit-seeking entity. But companies like Pinterest and Twitter have very different business realities than companies like Ecomom which market in real goods which they have to pay to buy, pay to ship, pay to hold and even apparently pay to sell and ship again.
When your business is all-online, even at scale, it may be feasible to figure out what you want to do after you make your service big (and indispensable).
- unclebucknasty 14y agoThey are definitely different businesses. No argument there. But, there are still very real costs involved with the Pinterests/Twitters of the world--especially at scale. Money lost is money lost. Whether it's because your price point doesn't allow you to recoup inventory carrying costs or because you have costs with no revenue. But, I think the main point here is that it would seem more feasible to discount products and give up margin as a means to growth than it is to just grow with no idea of how you'll ever monetize. I guess I don't understand what good it is to have a big, indispensable business without knowing how or if it would ever make money. That we're having this discussion is kind of homage to how odd things have become.