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There's no reason 2 guys need a nice office in a good location. They were a pure internet company doing something like group-buys for fine art. Chances are th
by catch23 17y ago
There's no reason 2 guys need a nice office in a good location. They were a pure internet company doing something like group-buys for fine art. Chances are the expenses might be something they couldn't reduce like warehouse space, escrow, or insurance related. Usually employee salaries are the biggest expense for typical internet companies.
- brett1211 17y agoI can definitely understand why you might think that this business was an pure internet play but it certainly wasn't. As PG learned, people don't buy highend art over the internet. They need to experience in person. The need to know what it is going to feel like to "live" with a piece. Jordan knew this going in, and their model required a fair amount of in-person, highend selling.