Comment by eviks
2 years ago
You can also charge for a 10 year minimum and get to a higher retained %
You don't need to provide support, even much more expensive consumer services live without a proper one, so being explicit about the fact that you only pay for infrastructure could suffice
Not sure why payment privacy has to be so strict for everyone
The network effect damage is real, but maybe it could be limited with donations :)
Selling a service automatically opts you in to all kinds of consumer protections, either legally or de facto through the dispute mechanism of the payment methods your customers use.
Just ignoring customer complaints and selling the service "as-is" is usually not an option.
Why is it not an option when it already exists in many places (all these protections fail all the time)? Your first sentence doesn't imply high/expensive level of customer service
Besides, even now they're not ignoring all the complaints, the do fix bugs?
Maybe to be more specific, how much did it cost WhatsApp when they had $1 price and a tiny team? How does it compare to the cost of SMS?
In a December 2013 blog post, WhatsApp claimed that 400 million active users used the service each month. The year 2013 ended with $148 million in expenses, of which $138 million in losses.[1]
FB acquired them next year and if my memory is correct there were 19 in the team then.
[1]: https://en.wikipedia.org/wiki/WhatsApp
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