25 year-old's company makes millions on cracked iPhone screens [video] • Hacker News Board

Re: 25 year-old's company makes millions on cracked iPhone screens [video]

#31

Post by halcyondaze » Mon, Jun 24, 2013, 1:16 AM UTC

randomdrake wrote: post #20

abhiv wrote: post #19

Genuinely curious about how this is a venture-funded company. How is this scalable? Is there any tech involved at all? (Not that technology is necessary to be venture-funded, but it helps with nonlinear growth.)

We believe that this is absolutely scalable as we've watched successful growth into national and international markets. On the technology front, we have created an incredible on demand geolocational dispatch and communications service. Our unique iOS app for our worldwide iTechs empowers them to be connected to this service at all times allowing them to successfully run their businesses. We're really doing some prett…

Use more buzzwords, please.

Re: 25 year-old's company makes millions on cracked iPhone screens [video]

#32

Post by jskonhovd » Mon, Jun 24, 2013, 1:22 AM UTC

Phone repair and insurance is a huge business. This seems alright. A intelligent consumer can find a deal better than 200$, but convenience is the more important to a lot a people. Some people don't care how expensive it is, they need their phone the next day.

Re: 25 year-old's company makes millions on cracked iPhone screens [video]

#33

Post by MrMan » Mon, Jun 24, 2013, 1:32 AM UTC

i am not saying it will happen, but apple could put them out of business in an instant...

Re: 25 year-old's company makes millions on cracked iPhone screens [video]

#34

Post by jusben1369 » Mon, Jun 24, 2013, 2:18 AM UTC

Hmmm. I googled, found a college kid nearby, met him at Subway and he did my (4) in 30 minutes for $75. 3 months later no issues. Maybe the 4 is meaningfully cheaper?

Re: 25 year-old's company makes millions on cracked iPhone screens [video]

#35

Post by jusben1369 » Mon, Jun 24, 2013, 2:19 AM UTC

halcyondaze wrote: post #31

randomdrake wrote: post #20

Earlier quoted context omitted.

We believe that this is absolutely scalable as we've watched successful growth into national and international markets. On the technology front, we have created an incredible on demand geolocational dispatch and communications service. Our unique iOS app for our worldwide iTechs empowers them to be connected to this service at all times allowing them to successfully run their businesses. We're really doing some prett…

Use more buzzwords, please.

Thanks for the chuckle.

Re: 25 year-old's company makes millions on cracked iPhone screens [video]

#36

Post by jusben1369 » Mon, Jun 24, 2013, 2:23 AM UTC

abhiv wrote: post #19

Genuinely curious about how this is a venture-funded company. How is this scalable? Is there any tech involved at all? (Not that technology is necessary to be venture-funded, but it helps with nonlinear growth.)

Well venture funding helps you take advantage of a time window really. That is, if we added substantial cash resources to this company could it capture way more market share and be in a much better position in 5 years (vs not taking cash now and growing organically) If yes, great. How big is the market? Needless to say there are a lot of screens out there and they're growing fast. Tech should only matter here in that is it being used well to out execute competitors as a service based business.

Re: 25 year-old's company makes millions on cracked iPhone screens [video]

#37

Post by jusben1369 » Mon, Jun 24, 2013, 2:25 AM UTC

MrMan wrote: post #33

i am not saying it will happen, but apple could put them out of business in an instant...

That's pretty much true of any body in the Apple ecosystem though should they take a direct interest.

Re: 25 year-old's company makes millions on cracked iPhone screens [video]

#38

Post by hrabago » Mon, Jun 24, 2013, 2:25 AM UTC

MrMan wrote: post #33

i am not saying it will happen, but apple could put them out of business in an instant...

So it's just like App companies then.

Re: 25 year-old's company makes millions on cracked iPhone screens [video]

#39

Post by jusben1369 » Mon, Jun 24, 2013, 2:28 AM UTC

randomdrake wrote: post #18

crgt wrote: post #16

My iPhone screen is cracked. Do I really have to give up my contact info just to find out how much it costs to fix it with this service? Or did I just miss pricing on the mobile site somehow?

Prices vary from iTech to iTech so we need a bit of information to connect you with an iTech to find out the price for their services. If you're interested, we also have mail-in and DIY services that you can check out on our shop here: http://shop.icracked.com

FWIW's I think your story and brand is much more powerful if it's the same price no matter where and when. Maybe it's tough to make it comparable between Manhattan and small town USA (where the expectation around the labor cost is dramatically different) but if you could somehow pull it off I think it would be good.

Re: 25 year-old's company makes millions on cracked iPhone screens [video]

#40

Post by pathikj » Mon, Jun 24, 2013, 2:39 AM UTC

This could work. I met a college senior few weeks ago and he talked to me about how he recently started a small venture with a similar tech background but a different business model, that is, buying broken phones for cheap, repairing them and selling refurbished at much better price. His volumes made no sense to me then. Now I see the big picture.