471–480 of 480 posts
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What do you think the chances are that they send an email every time the customer is charged, listing their "points" and benefits thereof?
100%. They send an email every month prompting members to visit the site to select a pair of shoes or skip.
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The other commenters are being too nice in their replies. You're full of shit. JustFab is a shoe of the month club masquerading as a normal online shoe store. The VIP Membership Program is the essence of JustFab's business model and yet it's missing entirely from the home page of their site. It looks like any other shoe store. And yet you think it's clear that the user is being signed up for a shoe of the month membe…
And remember, my fellow entrepreneurs: if an investor is ok with cheating customers, there's no reason to think they will have a problem cheating you.
This is the same mindset that led to Groupon being funded so heavily. Both seem to be classic examples of the "bigger fool" investment model. We all know it's not a sustainable or ethical business, but investors dive in knowing that with the kind of revenue numbers this sort of thing can exhibit for a short time they'll be able to unload their shares to less savvy investors in a year or two, before the reality of this business sets in (or before the law steps in and makes them act right...like a thousand other retailers that make a modest profit and provide good service and fair dealings).
Investors that fund stuff like this should be shunned by entrepreneurs (hard to do with Groupon's investors, as a lot of smart money went into Groupon). Get rich quick schemes should not be how we build the future.
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What do you think the chances are that they send an email every time the customer is charged, listing their "points" and benefits thereof?
100%. They send an email every month prompting members to visit the site to select a pair of shoes or skip.
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Those won't matter to scam business, especially since the BBB itself is a scam, and most yelp reviews are fake.
Although I think the BBB is not a scam, there are still many other routes to take. There's always a potential for a class-action law suit. Some law firms specialize in that and work cases only taking money from any final winnings in court. And the attorneys general are usually happy to hear any complaints. While there's often not immediate results or consequences, having made an official complaint helps those who are…
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"This is too good to be true?" Um... no... Not at all. Not in the least. They are your classic fast fashion shoes ( http://en.wikipedia.org/wiki/Fast_fashion ) fast fashion is cheap. Go into your local Forever 21 and look at the prices, especially the shoe prices. I can buy a whole wardrobe there for under $100. These shoes aren't built to last. They are built fast and cheaply to capitalize on current trends. I bough…
Yeah but I think they said the shoes cost 79$ for non-members and 30$ for members (don't recall the exact prices). So you could wonder what they get out of membership to make up for that.
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Unfortunately, thanks to a recent SCOTUS decision, it probably will.
Which case was this?
http://arstechnica.com/tech-policy/2011/04/scotus-rules-att-...
http://blogs.reuters.com/alison-frankel/2013/08/22/how-scotu...
This is why they can require you to waive your rights to participate in a class action. If you look at the ToS for every company you do business with, you'll probably find that several of them were revised almost immediately to take advantage of the AT&T decision. (PayPal comes to mind.)
IANAL but my understanding is that class action lawsuits are basically done at this point.
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Actually, when you agree to the terms of service, you conveniently waive the right to participate in a class-action lawsuit. Source: http://www.justfab.com/index.cfm?action=home.terms_and_condi...
No, actually, that never holds in court.
This should not be surprising.
VCs deliver risk-adjusted returns way below the S&P 500Most
http://www.avc.com/a_vc/2013/02/venture-capital-returns.html
http://www.kauffman.org/newsroom/institutional-limited-partn...
And VC's subtract value from the startups they invest in.
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This is a case of "just because you say something enough times, it doesn't make it true". Homie, I'm pretty certain that simply because people don't opt out, it may very well be because they don't realize they are paying for anything.. If the target demo is women who shop alot online, perhaps the charge gets lost in the bill (many people don't review their bills monthly). Is this smart? No. But it doesn't mean it's o…
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