I don't understand why publicly lynch some company? why not market let work out its dynamics -- if it is not worthwhile people won't buy it. I am saying this because I have attended Keiretsu forum meetings and these are very nice people.. they maintain office/staff/provide food at events and put in lot of efforts to promote startups..If you have not attended meeting then please do so..They seem to be not making profits by charging startups but covering operational costs (I don't know financial details but this is my guess). Now question is who pays for the services - I feel it is not at all outrageous for companies to pay here because the companies they select are generally already revenue generating companies, many of the companies are not in related field to a particular angel..as a matter of fact they advice you not to invest for quite a few deals when you start so you learn ins and outs..If they start charging more to angel members then the number of angels who engage in the process might drop ..may be you will say those are not right kind of investors who you want but be careful what you wish for. There are number of people in the group who are rich enough to sponsor whole thing but again, that's another model..sponsorship has its own strings attached. Coming back to my first point - just having different operational model does not equate to scam and people without getting facts falling for propaganda is no good
Also a lot to do with inflow of online ad dollars in finance vertical..look at bankrate.com earnings/stock history.. btw, speaking of minimal functionality required and just doing what is necessary for successful business - look at bankaholic.com which was acquired by bankrate (On personal level Johns Wu might have made near about equal if not more money as Mint.com founders -- given it was profitable company). Also, that is even better story compared to this -- Bankaholic gets millions by paying $0 for WordPress.
Ideally, the presenters should have ready answers for most of the questions that were posed after the presentations ..wasn't there a selection process per se? it was odd that many presenters were not prepared for answering market size/distribution etc questions
Probably an initial asking price. If anything it strongly suggests that there wasn't much haggling on the price. It would be a huge coincidence if they all haggled on the price and just happened to end up with the same number.
Although this message is comforting in my IMO the comparison is not that relevant. There is difference between digital and physical goods when it comes to marginal cost, complexity, and other limits in serving each additional customer.. Also if it is online only marketing with no "human factors" (as in the case of db/OS vendors) involved in the sales process then again the make or break avenues are limited.. Good things are with digital goods you can iterate quickly both in terms of product features and getting the message out.. so if you let nature take its course then a strong and smart competitor will kill you..If you have to win then you have to outsmart at least in a niche..
I think this is the guy who from 2005 - 2008, was constantly predicting a 50% collapse in property values in SF within the next few months. Not saying he was wrong about overvaluation (though it wasn't rocket science), but I wouldn't try to time the market based on his advice.
I guess that hacker is really mean spirited..knows how to torment not only twitter but also everybody else in tech community by getting the monkey (techcrunch) drunk ..with this monkey getting high now there is going to be shit (these kinds of stupid stories and discussion) everywhere tech people read news
why not have code that gives reward/discount to both referrer and recipient?..the example of late pickup is really bad because fines work very well..so do discounts
Yeah. That's what ServerBeach does. They give the sender and the receiver credit. The sender gets more, but the receiver gets a significant $100 off after 3 months.
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The thing is, I'd recommend ServerBeach regardless of the affiliate program. But some friends might not have signed up without the $100 off, so it's win all around.
