On: Here Are the 52 Startups That Launched at Y Combinator Summer 2015 Demo Day 2

[hayksaakian]

I argue that "ripping off" is based on the value that a consumer receives relative to the price of the product or service.

Imagine you say: "I will tell you a joke, if you laugh then you must pay me 100 dollars"

If I give you 100 dollars, and you just run off with it, I got ripped off.

If I give you 100 dollars, and you tell me a really funny joke, then I was not ripped off.

Your problem seems to be that telling jokes is virtually free, and the profit margin might be 94%.

[siquick → hayksaakian]

Yep I get it but it seems like an incredibly naive and almost arrogant message to relay...

"Hey customers, buy our product for $16 even though it actually cost $1 to make"

[wooster → siquick]

The audience for the message is investors, not customers.

[siquick → wooster]

It was posted on a customer facing website...