This really looks like a some kind of a scheme. Only reason someone would be interested in buying this start-up is for collected emails (They openly acknowledge that in their terms of use). So in essence, at best, people joining provide all the value, while getting at best marginal benefit later on. At worst, this is going to be scam with millions of auto generated emails joining diluting real value (And scamming anyone that would be silly enough to purchase this `startup`).
Ok, I'll bite. Reading the terms of service, which were definitely, um, funny?... was interesting. They are going to collect a bunch of emails on a list, sell them to a big company, and split the proceeds with the people on the email list. They are of course taking the costs associated with splitting a large sum of money with an even larger list of emails out of the portion of money going to the really large list of emails. And of course "big" companies are going to buy an email list from this company even though there is an already large and cut throat industry for creating email lists to sell to large companies? Sounds Awesome!
Business Plan
1) Make quick website
2) Make funny(?) Terms of Service
3) People Sign Up with Email
...
4) Umm...
...
5) Are we profiting yet?
...
...
In case this crowd is missing part of the parody here, this is a Seinfeld startup: the "show about nothing", where George runs "The Human Fund", a fake charity.
How can anybody (even if they never saw Seinfeld, and everyone watched Seinfeld) mistake this for a parody. HN has been getting very humorless anything satirical needs a comment explaining that. sheesh
TrainedMonkey|12 years ago
cr0wmium|12 years ago
trcollinson|12 years ago
Business Plan 1) Make quick website 2) Make funny(?) Terms of Service 3) People Sign Up with Email ... 4) Umm... ... 5) Are we profiting yet? ... ...
cryptoz|12 years ago
"The Human Fund. Money for People".
netcan|12 years ago
rk0567|12 years ago
revisionzero|12 years ago
jere|12 years ago
icu|12 years ago
taigeair|12 years ago