News for hackers. Stuff that matters.
Re:How is a company that sells canned water worth $1.4B? by bedhead on Monday March 18, 2024 @03:51PM (#39749129)
Because people pay money for it?
Re:How is a company that sells canned water worth $1.4B? by lebean on Monday March 18, 2024 @03:57PM (#39749209)
Bingo! This, and people will probably pay money for it in the future. A killer combo that makes something worth money!
Re:How is a company that sells canned water worth $1.4B? by anigbrowl on Monday March 18, 2024 @03:57PM (#39749205)
Obviously, but why? What makes a brand so valuable, when not anchored to any sort of unique product?
Re:How is a company that sells canned water worth $1.4B? by steveklabnik on Monday March 18, 2024 @04:08PM (#39749333)
Here's the reason: people who drink have weird feelings about being around non-drinkers.

I've been on both sides of this: I have a straightedge tattoo. I didn't start drinking till my late 20s, post college. I now drink... probably a bit too much at times, if I'm honest.

Back when I didn't drink, I had zero problems with other people drinking. I'd go to the bar with people, no problem. Just a personal choice.

But drinking is a social activity. It's got a lot of vibes, not a lot of rigidity. And some drinkers, when out drinking, find that someone who isn't drinking can ruin the vibe. I found that a lot of people who I was okay hanging out with while they were drinking, weren't as okay as having me hanging out while they were drinking.

Enter Liquid Death. Now you feel like you're fitting in. Seems like you're having a tall boy just like everyone else.

Furthermore, since this is now A Thing, if you want to go out, but don't want to drink, it's nice to know that it's gonna be accessible. I was out a few weekends ago, one of the trio was done drinking, but the other two of us weren't. It was nice to be able to buy them a "drink" too, they could get started on re-hydrating immediately. I bought a Liquid Death over this past weekend, when I was out a bit early, didn't feel like having a drink, but did want to support the event I was at buy buying a drink.

Yes, it's "irrational." It's really about human interaction. Which has its own logic.

Re:How is a company that sells canned water worth $1.4B? by anigbrowl on Tuesday March 19, 2024 @01:11PM (#39757973)
This is great reply, I learned a lot from it.
Re:How is a company that sells canned water worth $1.4B? by steveklabnik on Wednesday March 20, 2024 @01:27AM (#39763099)
Thanks. Hard earned knowledge, haha.
Re:How is a company that sells canned water worth $1.4B? by hermitcrab on Monday March 18, 2024 @04:26PM (#39749572)
Because we are all basically apes in clothing and obsessed by status. If you can convince someone that something will make them cool/desirable/higher status, they will buy it, regardless of what it is. Even a $2 can of water. Why do you think people spend fortunes on Lamborghinis, that are objectively shit cars for anything other than showing off? Or Rolexes, which don't even keep time very well?
Re:How is a company that sells canned water worth $1.4B? by aiauthoritydev2 on Monday March 18, 2024 @04:04PM (#39749287)
People paying money itself is an evidence of "unique product". You think you can make money by selling canned water ?
Re:How is a company that sells canned water worth $1.4B? by paulpauper on Monday March 18, 2024 @04:17PM (#39749441)
When why not just make a copycat brand. I thing the success of this brand is just survivorship bias. There is nothing special about it but the branding.
Re:How is a company that sells canned water worth $1.4B? by hermitcrab on Monday March 18, 2024 @04:28PM (#39749601)
It's hard enough to sell people stuff they do need. Selling them stuff they don't need requires a lot of money and dark skills.