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2101 points jamesjyu | 2 comments | | HN request time: 1.825s | source
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lancesells ◴[] No.19106759[source]
I've always liked Gumroad as a product and service but this line kind of bothers me:

> There is, of course, the $178,000,000 we have sent to creators

This money wasn't sent to creators. They sold products worth $178M + Gumroad fees through the service. The creators made the products, marketed the products, acquired the customers, etc. When I use Paypal to sell something they aren't "sending me money".

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themagician ◴[] No.19106830[source]
You could say the same thing about Uber, Lyft, Airbnb, Etsy, TaskRabbit, etc..

When you sit down and think about it you start to realize just how “temporary” all these so-called unicorns are, as they are just middleware services with no real differentiating benefits other than size and brand recognition and maybe some vague “guarantee” to the customer. You’ve got to get big fast, because what you actually do is easily replicated.

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1. chkuendig ◴[] No.19107719[source]
> no real differentiating benefits other than size and brand recognition and maybe some vague “guarantee” to the customer.

- scale

- brand

- customer loyalty

that's a lot of differentiation. more then 99% of the businesses in the world and more than even many public companies.

(especially once you add the power gained from aggregating demand and supply which most of these companies have)

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2. themagician ◴[] No.19107799[source]
Most of the businesses in the world make a widget and sell that widget.