This is an example of how VCs distort the market for other businesses.
I had a recent conversation with a prospect and they took issue with the price of our software. Our app is in a specialized industry (ie. a smaller market). We charge a per use fee of $35. This fee enables our customer to immediately earn nearly $200 (a 5x return with no risk to them). Despite the significant benefit and profitability of using the app the prospect took issue with our price and referred to the cost of other apps.
It was that conversation that made me realize how we've become accustomed to the quality and price of software that's been heavily subsidized by massive VC investments.
I had a recent conversation with a prospect and they took issue with the price of our software. Our app is in a specialized industry (ie. a smaller market). We charge a per use fee of $35. This fee enables our customer to immediately earn nearly $200 (a 5x return with no risk to them). Despite the significant benefit and profitability of using the app the prospect took issue with our price and referred to the cost of other apps.
It was that conversation that made me realize how we've become accustomed to the quality and price of software that's been heavily subsidized by massive VC investments.