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	<title>Comments on: DemoCamp Ottawa 12: Oct. 19, 2009</title>
	<atom:link href="http://deletedtheory.com/2009/10/democamp-ottawa-12-oct-19-2009/feed/" rel="self" type="application/rss+xml" />
	<link>http://deletedtheory.com/2009/10/democamp-ottawa-12-oct-19-2009/</link>
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		<title>By: Chris Schmitt</title>
		<link>http://deletedtheory.com/2009/10/democamp-ottawa-12-oct-19-2009/comment-page-1/#comment-588</link>
		<dc:creator>Chris Schmitt</dc:creator>
		<pubDate>Thu, 22 Oct 2009 01:41:35 +0000</pubDate>
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		<description>Rob,

I agree it&#039;s really not a good question to ask in this kind of a forum. However, I personally wouldn&#039;t have being embarrassed by such question.

We demonstrated Twegather because we want people to try the service. Frankly, we want to discover what people use our service for. We fully expect to identify a revenue model from what we learn.

As with many start-ups services often don&#039;t get used in the way the creators intended. For example, Confinity (now PayPal) was originally designed to be a Palm Pilot-based e-wallet. The idea was that you would &quot;beam&quot; money from one Palm to another. Confinity designed a web page to demonstrate how the service worked. To their surprise, people preferred to use the web page for transferring money over the Palm handheld.  Moreover, it turned out to be a great way to purchase items on eBay.  The rest is history.(Viral Loop, Adam L. Penenberg)

In hindsight the idea of beaming money from one handheld device to another is stupid when you consider how limited the market would have been. But in the end it didn&#039;t matter: they recognized the value the service brought to their users and used that knowledge to make a billion dollar company.

If someone had asked me what our monetization strategy is I would have simply answered &quot;we don&#039;t know yet - it&#039;s simply too early to know&quot;.

As the Gretzky quote goes, &quot;You miss 100% of the shots you don&#039;t take.&quot; (brainquote.com)</description>
		<content:encoded><![CDATA[<p>Rob,</p>
<p>I agree it&#8217;s really not a good question to ask in this kind of a forum. However, I personally wouldn&#8217;t have being embarrassed by such question.</p>
<p>We demonstrated Twegather because we want people to try the service. Frankly, we want to discover what people use our service for. We fully expect to identify a revenue model from what we learn.</p>
<p>As with many start-ups services often don&#8217;t get used in the way the creators intended. For example, Confinity (now PayPal) was originally designed to be a Palm Pilot-based e-wallet. The idea was that you would &#8220;beam&#8221; money from one Palm to another. Confinity designed a web page to demonstrate how the service worked. To their surprise, people preferred to use the web page for transferring money over the Palm handheld.  Moreover, it turned out to be a great way to purchase items on eBay.  The rest is history.(Viral Loop, Adam L. Penenberg)</p>
<p>In hindsight the idea of beaming money from one handheld device to another is stupid when you consider how limited the market would have been. But in the end it didn&#8217;t matter: they recognized the value the service brought to their users and used that knowledge to make a billion dollar company.</p>
<p>If someone had asked me what our monetization strategy is I would have simply answered &#8220;we don&#8217;t know yet &#8211; it&#8217;s simply too early to know&#8221;.</p>
<p>As the Gretzky quote goes, &#8220;You miss 100% of the shots you don&#8217;t take.&#8221; (brainquote.com)</p>
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		<title>By: danceric</title>
		<link>http://deletedtheory.com/2009/10/democamp-ottawa-12-oct-19-2009/comment-page-1/#comment-587</link>
		<dc:creator>danceric</dc:creator>
		<pubDate>Tue, 06 Oct 2009 12:49:58 +0000</pubDate>
		<guid isPermaLink="false">http://deletedtheory.com/blog/?p=254#comment-587</guid>
		<description>You&#039;re right, we don&#039;t always build stuff to make more money. Sometimes it serve the purpose of expanding our knowledge, of making new relationships, and a lot more reasons than immediate monetary gains.</description>
		<content:encoded><![CDATA[<p>You&#8217;re right, we don&#8217;t always build stuff to make more money. Sometimes it serve the purpose of expanding our knowledge, of making new relationships, and a lot more reasons than immediate monetary gains.</p>
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		<title>By: Mark Stephenson &#187; Blog Archive &#187; DemoCampOttawa 12</title>
		<link>http://deletedtheory.com/2009/10/democamp-ottawa-12-oct-19-2009/comment-page-1/#comment-586</link>
		<dc:creator>Mark Stephenson &#187; Blog Archive &#187; DemoCampOttawa 12</dc:creator>
		<pubDate>Tue, 06 Oct 2009 01:35:56 +0000</pubDate>
		<guid isPermaLink="false">http://deletedtheory.com/blog/?p=254#comment-586</guid>
		<description>[...] For some additional reading be sure to check out Rob&#8217;s post  [...]</description>
		<content:encoded><![CDATA[<p>[...] For some additional reading be sure to check out Rob&#8217;s post  [...]</p>
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