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Someone posted an in-depth overview about why their business model was flawed. If you're selling something for less than it costs you, you can generate a ton of
by jonathanjaeger 13y ago
Someone posted an in-depth overview about why their business model was flawed. If you're selling something for less than it costs you, you can generate a ton of revenue, but it's still at a loss. This is why they couldn't keep it going: http://research.ivanplenty.com/2014-economics-everpix-shutdown-decision http://research.ivanplenty.com/2014-economics-everpix-shutdo...
- rpedela 13y agoInteresting. Thanks.
- deleted 13y ago[deleted]
- georgeecollins 13y agoThat post on the economics was great, and it offers a convincing explanation of why they shut down. The funny thing is that the author often thanks the team for making their numbers public. But he also calls them reckless and irresponsible. I think people's judgement looks worse in hindsight. And if you are benefiting from someone's candor it would be smart to speak of them more charitably, if only to encourage future candor. But that link is a great analysis.