Who Pays the Price for Selling $10 Bills for $5?
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Who Pays the Price for Selling $10 Bills for $5?
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Re: Who Pays the Price for Selling $10 Bills for $5?
#2TL;DR:
The traditional VC backed tech startup growth curve is an exercise in giving something away for less than it's worth, such as selling a $10 bill for $5. This is done to dominate the market. You will become very popular very quickly and dominate the $10 bull market by selling them for $5. After dominating the market you must find some way to become profitable. Often when a company tries to raise prices and become profitable they find that the market evaporates, you won't sell many $10 bills for $11 even if you run a managed service that makes it convenient. For "gig-economy" startups this screws the workers because their jobs evaporate with the market. The article ends with a call to action.
Re: Who Pays the Price for Selling $10 Bills for $5?
#3A fun thought experiment: how could you go from selling $10 bills for $5 to selling $10 bills for $15?
Re: Who Pays the Price for Selling $10 Bills for $5?
#4TL;DR: The traditional VC backed tech startup growth curve is an exercise in giving something away for less than it's worth, such as selling a $10 bill for $5. This is done to dominate the market. You will become very popular very quickly and dominate the $10 bull market by selling them for $5. After dominating the market you must find some way to become profitable. Often when a company tries to raise prices and beco…
I totally need you to write my articles in the future. :)
Re: Who Pays the Price for Selling $10 Bills for $5?
#5TL;DR: The traditional VC backed tech startup growth curve is an exercise in giving something away for less than it's worth, such as selling a $10 bill for $5. This is done to dominate the market. You will become very popular very quickly and dominate the $10 bull market by selling them for $5. After dominating the market you must find some way to become profitable. Often when a company tries to raise prices and beco…
> you won't sell many $10 bills for $11
Unless you're a payday lender (or similar). Of course, they have to accept the risk that they'll sometimes be unable to collect the $11 at all.
Re: Who Pays the Price for Selling $10 Bills for $5?
#6A fun thought experiment: how could you go from selling $10 bills for $5 to selling $10 bills for $15?
Micro-engrave artwork onto the bills, and drum up publicity.
https://www.changechecker.org/2016/12/07/look-out-for-these-...
Re: Who Pays the Price for Selling $10 Bills for $5?
#7A fun thought experiment: how could you go from selling $10 bills for $5 to selling $10 bills for $15?
Replace all of the ports on the bill with a single USB-C port and call it revolutionary?
Edit1:
/s
Slightly more seriously, you could promise to anyone who bought a $10 bill that in some x number of years they could redeem that bill for $20. This is called "being the Treasury and Federal Reserve".
The hard part is finding a way to invest the $5 of profit they gave you in an asset which will appreciate faster than your promised return.
Edit2:
This is not advisable, see "Bernard Madoff, Ponzi Scheme".
Re: Who Pays the Price for Selling $10 Bills for $5?
#8A fun thought experiment: how could you go from selling $10 bills for $5 to selling $10 bills for $15?
Commemorative $10 bills like https://www.royalmint.com/our-coins/?
Re: Who Pays the Price for Selling $10 Bills for $5?
#9Isn't the revenue 50k, and the loss (minus) 100k?
Re: Who Pays the Price for Selling $10 Bills for $5?
#10Isn't the revenue 50k, and the loss (minus) 100k?
Don't be ridiculous! It doesn't say that... ;)