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Launch YC S21: Meet the Batch, Thread #4

news.ycombinator.com

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Re: Launch YC S21: Meet the Batch, Thread #4

#131

Post by Gamerpay_mhs »

devrand wrote: post #79
martinlykkesuhr wrote: post #5

GamerPay ( https://gamerpay.gg/ ) is a scam-free marketplace for gaming skins and assets. 46% of gamers trading skins have been scammed more than once for either their money or their skins (survey of 5,000 gamers). 50% of gamers are under 18 and this their first online trading/cash experience. We solve this problem by integrating with Steam and making use of escrow, validating all trades. We are regulated by European…

The fact that you need to hand over a Steam API key is really worrisome, and the FAQ entry for it isn't all that reassuring [1]. You're basically just saying "no it's cool trust us". Are you encrypting these API keys? Do you delete them after each transaction? It's kind of a honeypot if you're holding onto the keys. You don't have the ability to revoke them so if they're ever compromised it's on your users to revoke…

Thanks for the feedback on the FAQ and thoughts. Agreed that the Steam API key is sensitive data and thus all keys, user data etc are secured by appropriate encryption. Same goes for cash transactions & wallets that are handled by partners that are compliant with the financial authorities (to prevent eg money laundering). We work with the Steam APIs on a daily basis and yes some part of the documentation could be more up to date.. and it's not Stripe quality!

Re: Launch YC S21: Meet the Batch, Thread #4

#132

Post by Gamerpay_mhs »

texasbigdata wrote: post #121
sushid wrote: post #118

Earlier quoted context omitted.

It's an escrow + marketplace service. Your argument can be used against anything like eBay, Etsy, Poshmark, etc. You're assuming that the OP stagnates while copycats emerge around them, which is also a horrible assumption. Also, "free" cannot host websites, hire workers, add features (as quickly). It's funny you mention that their service will require multiple compliance officers while you simultaneously think there'…

I’d flip it (rather tongue and cheek) and say that it’s you that doesn’t appreciate market places. And here’s why. Saying eBay (your listed comp) that can sell (almost) anything, in almost every jurisdiction with probably minimal config change, at different $ values (you can buy a server on eBay), w/ both consumer and SMB sellers, and like importantly preceded this idea and implementation by a solid (guess) 15 years…

Thanks for your thoughts - you cover a lot of land:)

I sense a bit of apples and bananas here comparing a newly started vs super incumbents (that were once small too in markets that likely didnt make sense for everyone at the time:))

We think the skin markets deserve something similar to Coinbase for crypto -> a place where I can trade with full confidence, it's easy to use and has what I am looking for.

Again, thanks for the thorough toughts

Re: Launch YC S21: Meet the Batch, Thread #4

#133

Post by asr21 »

nishantnino wrote: post #77
abhishekbasu wrote: post #73

Earlier quoted context omitted.

First off, congrats on your venture! as a foodie I'm elated. I realize that you're trying to create your own brand, my concern is: - if it's a brand that does all cuisines, it is going to attract people mainly because of the price point, and not uniqueness - if the idea is to build multiple brands, one each for a specific type of food: a brand for Pizza, another for Biryani, etc., then scaling each is its own demon p…

-we're creating multiple brands -each with their own identity. The common thread is premium. Target customers are restricted to those in a 10km radius of a kitchen. Aim is to build customer wallet share by understanding our set of consumers well and serving food to them across different food missions - meal to go , family meal, light meal, cheat meal. Efficiency comes as we consolidate the supply chain and infra at s…

Not the guy you are replying too, but the strategy does seem to have parallels to D Mart growth strategy vs Big Bazaar(Future Retail) .

Re: Launch YC S21: Meet the Batch, Thread #4

#134

Post by x4e »

Gamerpay_mhs wrote: post #131
devrand wrote: post #79

Earlier quoted context omitted.

The fact that you need to hand over a Steam API key is really worrisome, and the FAQ entry for it isn't all that reassuring [1]. You're basically just saying "no it's cool trust us". Are you encrypting these API keys? Do you delete them after each transaction? It's kind of a honeypot if you're holding onto the keys. You don't have the ability to revoke them so if they're ever compromised it's on your users to revoke…

Thanks for the feedback on the FAQ and thoughts. Agreed that the Steam API key is sensitive data and thus all keys, user data etc are secured by appropriate encryption. Same goes for cash transactions & wallets that are handled by partners that are compliant with the financial authorities (to prevent eg money laundering). We work with the Steam APIs on a daily basis and yes some part of the documentation could be mor…

Why do you need the API key? Why not just do it like a traditional escrow service: you receive both the money and the item traded to a steam account you own. Then once both are received you send the money and you send a trade request giving the item to the receiver?

Re: Launch YC S21: Meet the Batch, Thread #4

#135

Post by potamic »

anta81 wrote: post #7

We are Anta and Karthik of Inai ( https://www.inai.io/ ), a platform for setting up and operating your payment stack. We let you offer local payment methods, support multiple business models (e-commerce, subscriptions , platforms) and localise the checkout experience by region of operation. Setting up and maintaining a payment stack, especially if you operate in multiple regions, takes months of developer time. Most…

Is this like an aggregator of aggregators given that Stripe, Adyen already aggregate several payment providers? What's the long game here if someone like Stripe starts supporting every payment method?

Re: Launch YC S21: Meet the Batch, Thread #4

#136

Post by potamic »

nishantnino wrote: post #6

Hi we're Nishant and Pranav of Nino Foods, which creates and operates cloud kitchen brands in India focused on the premium market. Food Delivery in India has an average order value (AOV) of 4$ vs the U.S which is >30$. This makes it hard to run a profitable food delivery business In India. Our brands target the customers in India that order food above 7$ - which accounts for 50% of industry revenues and a majority of…

Would you be willing to share how much you acquired the pizza business for?

Re: Launch YC S21: Meet the Batch, Thread #4

#137

Post by andruby »

x4e wrote: post #134
Gamerpay_mhs wrote: post #131

Earlier quoted context omitted.

Thanks for the feedback on the FAQ and thoughts. Agreed that the Steam API key is sensitive data and thus all keys, user data etc are secured by appropriate encryption. Same goes for cash transactions & wallets that are handled by partners that are compliant with the financial authorities (to prevent eg money laundering). We work with the Steam APIs on a daily basis and yes some part of the documentation could be mor…

Why do you need the API key? Why not just do it like a traditional escrow service: you receive both the money and the item traded to a steam account you own. Then once both are received you send the money and you send a trade request giving the item to the receiver?

Would that mean Steam takes their cut twice? Or can you "gift" items for free?

Re: Launch YC S21: Meet the Batch, Thread #4

#138

Post by philippz »

brunobannach wrote: post #87
philippz wrote: post #18

Earlier quoted context omitted.

Jestor looks great! I hope you guys don't wait for ages until you put a heavy focus on product performance. Notion waited way too long with this and it was a great turn off to adopt the product. I've just tried out your project management template and it already feels slow. Please think early about query optimizations and caching on client & server-side. It a major competitor advantage from UX perspective.

Performance is extremely important. I say that because we use Jestor every day here, and if it's a bit slow we immediately try to understand why and how to make it faster. About templates, did you use it straight from the website or by installing into an account? I'm asking so I can check with the team and solve it asap!

I was installing it from the website just by clicking on the template. The installation was not what bothered me but the overall responsiveness and loading time. I’m based in Berlin, might have been the roundtrip time.

Re: Launch YC S21: Meet the Batch, Thread #4

#139

Post by martinlykkesuhr »

x4e wrote: post #134
Gamerpay_mhs wrote: post #131

Earlier quoted context omitted.

Thanks for the feedback on the FAQ and thoughts. Agreed that the Steam API key is sensitive data and thus all keys, user data etc are secured by appropriate encryption. Same goes for cash transactions & wallets that are handled by partners that are compliant with the financial authorities (to prevent eg money laundering). We work with the Steam APIs on a daily basis and yes some part of the documentation could be mor…

Why do you need the API key? Why not just do it like a traditional escrow service: you receive both the money and the item traded to a steam account you own. Then once both are received you send the money and you send a trade request giving the item to the receiver?

Using bots as middlemen imposes other challenges. First there is a 7 day tradelock of the item. Second bots are prone for scams. Third you cannot play with your skin in the meantime

Re: Launch YC S21: Meet the Batch, Thread #4

#140

Post by martinlykkesuhr »

andruby wrote: post #137
x4e wrote: post #134

Earlier quoted context omitted.

Why do you need the API key? Why not just do it like a traditional escrow service: you receive both the money and the item traded to a steam account you own. Then once both are received you send the money and you send a trade request giving the item to the receiver?

Would that mean Steam takes their cut twice? Or can you "gift" items for free?

You can gift them for free
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