Here Are the 52 Startups That Launched at Y Combinator Summer 2015 Demo Day 2

Re:Here Are the 52 Startups That Launched at Y Combinator Su... by hayksaakian on Wednesday August 19, 2015 @09:56PM (#10089653)

I argue that "ripping off" is based on the value that a consumer receives relative to the price of the product or service.

Imagine you say: "I will tell you a joke, if you laugh then you must pay me 100 dollars"

If I give you 100 dollars, and you just run off with it, I got ripped off.

If I give you 100 dollars, and you tell me a really funny joke, then I was not ripped off.

Your problem seems to be that telling jokes is virtually free, and the profit margin might be 94%.

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Re:Here Are the 52 Startups That Launched at Y Combinator Su... by siquick on Wednesday August 19, 2015 @10:05PM (#10089673)

Yep I get it but it seems like an incredibly naive and almost arrogant message to relay...

"Hey customers, buy our product for $16 even though it actually cost $1 to make"

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Re:Here Are the 52 Startups That Launched at Y Combinator Su... by wooster on Wednesday August 19, 2015 @10:18PM (#10089707)

The audience for the message is investors, not customers.

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Re:Here Are the 52 Startups That Launched at Y Combinator Su... by siquick on Wednesday August 19, 2015 @11:33PM (#10089911)

It was posted on a customer facing website...

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