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how did the math work out, taking a cut of tips (presumably small, and even smaller after payment processing fees?) how many users would you have needed to reac

how did the math work out, taking a cut of tips (presumably small, and even smaller after payment processing fees?) how many users would you have needed to reach profitability? i actually tried doing the back-of-envelope math for your site a while back, and was perplexed. i'm curious as to your answer..

ivankirigin 17y ago
Tips don't really work. You need to sell stuff. Branding in the name sucked when we were pushing long and hard* to become a general purpose payments company. Our twitter API could power a full freemium model, subscriptions, etc. - but not enough apps on twitter used it. *twss
- adrianwaj 17y ago
  Did you ever see http://www.harmony-central.com/Features/Fairtunes/ http://www.harmony-central.com/Features/Fairtunes/ - tips for music artists in 2000 that closed down. For musicians, what if there was a way to offer downloads or a virtual chatroom where musicans could interact with tippers only. Artists could keep log of all their fans. The problem may have been a tip niche wasn't honed in upon.
  - cunard-n 17y ago
    Interesting. So, what became of Goyer and Cormie? I'd like to hear more about their experience. yr. 2000 was early days!
    - deleted 17y ago
      [deleted]
- psawaya 17y ago
  I've nothing constructive to add, but I just wanted to say the twss gag made me smile. =) At least you've still got your sense of humor.
  - ivankirigin 17y ago
    Hours of fun: http://search.twitter.com/search?q=twss http://search.twitter.com/search?q=twss