Dropbox and Instagram both have much stronger network effects.
well, if Gumroad is first of its kind, or the biggest one, and will not turn out a rip-off, don't you think that people who recommend it would be a "network effect" ?
Network effect means that the more people use a service, the more useful it becomes. That doesn't seem to be the case here.
But there is the built-in marketing aspect since every user must send a lot of people around them to Gumroad in order to benefit from it.
No disrespect to the founder, but it is a strange world where 19 year-olds raise 7 million in 4 days...
They raised a $1.1 million seed round for Gumroad in just four days, though obviously the service and the people have been around longer. Three months later, Gumroad is announcing a $7 million Series A investment.
It boggles my mind that $1.1 million is a seed round these days.
Congrats to Sahil, I think a few of us have been watching this since day 1. His record speaks for itself. It's also good that Gumroad was essentially made possible by Stripe's very accessible API (as far as I know). I think I speak for all Europeans when I say hurry up and get Stripe over here.
I'm always interested/a little depressed when I see Europeans telling Stripe to hurry up and get there. I've seen this comment many times now but have never come across a European saying "Will someone hurry up and do a Stripe here in Europe!?" I think if folks in the US saw a great European service that - due to regulatory issues - just couldn't also be available here in the U.S. there wouldn't be a lot of sitting ar…
If someone European did it, that's great. The point is that Stripe are a long way down the road of working out how to achieve this. As for the comment below that the US just gets things done - well it's a whole lot easier when there's just one currency and one country's regulations to deal with.