Earlier quoted context omitted.
I guess, by nature of being online, their stores are always open? But really it's more likely to be a cynical use of an arbitrary word with positive associations (and a use that itself dilutes those positive associations).
>But really it's more likely to be a cynical use of an arbitrary word with positive associations (and a use that itself dilutes those positive associations). sounds like OpenAI?
OpenStore Raises $75M to Acquire More Shopify Sellers
21–30 of 48 posts
Re: OpenStore Raises $75M to Acquire More Shopify Sellers
#22Re: OpenStore Raises $75M to Acquire More Shopify Sellers
#23Wait, so they buy Shopify sellers, and move them off Shopify onto their own platform? Do I understand this right? Or do they leave them on shopify? What an odd business model. To focus only on businesses using the shopify platform. I wonder how Shopify views this?
Re: OpenStore Raises $75M to Acquire More Shopify Sellers
#24Wait, so they buy Shopify sellers, and move them off Shopify onto their own platform? Do I understand this right? Or do they leave them on shopify? What an odd business model. To focus only on businesses using the shopify platform. I wonder how Shopify views this?
Re: OpenStore Raises $75M to Acquire More Shopify Sellers
#25Since public platform companies are selling at upto 30 times revenue. There's a Huge difference 3-5 times profit and 30 times revenue. as long as you show growth not sure the market can differentiate.
Re: OpenStore Raises $75M to Acquire More Shopify Sellers
#26Earlier quoted context omitted.
wait, there are custom embroidered naruto vest stores? link?
I'll do you one better. Here's one for dogs: https://hachicorp.myshopify.com/products/kakashi-vest-dog-co... (Come on, Keith Rabois. Buy this company!)
Re: OpenStore Raises $75M to Acquire More Shopify Sellers
#27Seriously this sounds like a isht business. End result is squeezing all the merchants into one giant crappy company - all profit rolls up to OpenStore. This also kills off any creators willingness to bring newer products to the market on a continual basis as they no longer own the store. I guess alternatively what you end up is with a bunch of people who make stores quickly off a new product and sell to OpenStore, ri…
Re: OpenStore Raises $75M to Acquire More Shopify Sellers
#28Re: OpenStore Raises $75M to Acquire More Shopify Sellers
#29Isn't this just a PE shop that has a quicker / semi-automated due diligence process?
Re: OpenStore Raises $75M to Acquire More Shopify Sellers
#30Wait, so they buy Shopify sellers, and move them off Shopify onto their own platform? Do I understand this right? Or do they leave them on shopify? What an odd business model. To focus only on businesses using the shopify platform. I wonder how Shopify views this?