I'm confused what exactly Initiative Q is doing. They say they want to get millions registered, but what are they doing? What's the service being provided?
I'm confused what exactly Initiative Q is doing. They say they want to get millions registered, but what are they doing? What's the service being provided?
It sounds like their entire business model is acquire customers before even having a product. They want to completely skip ordinary customer acquisition models by luring users in with the promise,...
It sounds like their entire business model is acquire customers before even having a product. They want to completely skip ordinary customer acquisition models by luring users in with the promise, or perceived promise, of free stuff. They receive a massive mailing list without requiring that they've even dumped money into research and development, which they could easily sell at the end of the day and be under no obligation whatsoever to actually develop the system. Even if they do, the initial customer acquisition model they're rolling with won't work long-term, and definitely won't be enough to encourage venture capital.
This whole thing strikes me as a pyramid scheme for sure. The best case and, in my opinion, least likely scenario is that a lot of people ignore the stench, play along, and get it to become a stable, legitimate business. More realistically, the guy ends up ghosting and selling everyone's emails and everyone who signed up ends up getting a lot more spam in their inbox.
This is just an armchair analysis, however. Please take all of this with a healthy grain of salt. I could very well be full of shit :)
Edit: Basically, I'm viewing this through the old lens of "if you're not paying for it, then you're not the consumer, you're the product".
It's bullshit. Non of the players that dominate the tech world today started off with a massive marketing campaign. Their is a big difference between selling an idea and developing it. It's just a...
It's bullshit. Non of the players that dominate the tech world today started off with a massive marketing campaign. Their is a big difference between selling an idea and developing it. It's just a completely different skillset. As amazing as Kickstarter and crowd funding is, it's many failures highlight just how difficult it is to execute an idea.
I'm confused what exactly Initiative Q is doing. They say they want to get millions registered, but what are they doing? What's the service being provided?
Doesn't the saying go, "If you build it, they will come?" If there's nothing there, how are they going to get people signed up?
It sounds like their entire business model is acquire customers before even having a product. They want to completely skip ordinary customer acquisition models by luring users in with the promise, or perceived promise, of free stuff. They receive a massive mailing list without requiring that they've even dumped money into research and development, which they could easily sell at the end of the day and be under no obligation whatsoever to actually develop the system. Even if they do, the initial customer acquisition model they're rolling with won't work long-term, and definitely won't be enough to encourage venture capital.
This whole thing strikes me as a pyramid scheme for sure. The best case and, in my opinion, least likely scenario is that a lot of people ignore the stench, play along, and get it to become a stable, legitimate business. More realistically, the guy ends up ghosting and selling everyone's emails and everyone who signed up ends up getting a lot more spam in their inbox.
This is just an armchair analysis, however. Please take all of this with a healthy grain of salt. I could very well be full of shit :)
Edit: Basically, I'm viewing this through the old lens of "if you're not paying for it, then you're not the consumer, you're the product".
Especially when it seems there isn't even an "it" you're not paying for.
It's bullshit. Non of the players that dominate the tech world today started off with a massive marketing campaign. Their is a big difference between selling an idea and developing it. It's just a completely different skillset. As amazing as Kickstarter and crowd funding is, it's many failures highlight just how difficult it is to execute an idea.