Re:The Majority of Today’s App Businesses Are Not Sustainable
by danbucholtz on Sunday July 27, 2014 @02:03PM
(#8093435)
This 10000x. It is incredibly hard to compete today when there are 10 apps for every idea. Most of them suck - but it is damn near impossible to charge from day one and be successful unless you have a very large platform to advertise or are a prominent figure (something like Vesper from John Gruber). We're in it for the long haul with PaperBox (gopaperbox.com) - we intend to be the best app and continue to iterate for 3 years or so, and then figure out how to make money when we hopefully have a million or so users. Having said that, it is very hard to project out and keep growth going without a significant advertising budget.
It's a fairly arbitrary calculation anyways, the point is the expected value is on the same order of magnitude as that of a stable company man. The big question is what implications this new "career salary distribution" will have as it becomes more popular.