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values Twtapps at $500,000, based on his estimation of how much it would take for anyone to develop as many apps with as much traction Sorry, but $500k is a jo
by moe 17y ago
values Twtapps at $500,000, based on his estimation of how much it would take for anyone to develop as many apps with as much traction
Sorry, but $500k is a joke, those apps are trivial.
If I had that kind of money to drop on such a thing I'd much rather spend $50k on copying the apps (doable by one developer in under 6 months) and the remainder on marketing or more apps.
Moreover, if he thinks his little toybox is worth half a million, then why on earth doesn't he just monetize it himself...
- jacquesm 17y agoThere you go again, inserting reason in an otherwise good discussion. This reminds me of the domains section on ebay where you are offered these great online businesses, only they just can't wait to move on to the next greatest thing so you can have it now cheap.
- petercooper 17y agoIt doesn't matter if $500k is a joke or even a real figure that they hope to achieve. By using $500k as an anchor, $100k doesn't seem like such a crazy prize yet.. it is for what's being offered. It's a common persuasion/sales technique. Make a reallllly crazy offer and then the merely "slightly crazy" offers can actually seem erroneously realistic. (No, this doesn't work for everything ;-))
- moe 17y agoYou mean like this: http://is.gd/2SEvr http://is.gd/2SEvr ? (thanks jacquesm) I'm not so sure about that strategy, and even $100k is a joke for a bunch of semi-polished twitter apps without any monetization perspective beyond shotgun advertising. I could see this stuff going somewhere in the $10k ballpark - but still have no idea why anyone would want to buy that bag of mediocrity, except perhaps for eliminating a potential would-be competitor.