* There's a fairly liquid market for sites of any sort that have a demonstrated ability to generate revenue.
* The valuation of those sites goes up when revenue is recurring.
* The valuation goes up with history/track record.
* That market is not especially oriented towards teachers.
Given the universe of different sites you could build that would charge a subscription fee to serve some niche of customers, it would be pretty weird to compete for the Bingo Card space.
(I was surprised at how liquid the market for this stuff was.)
"(I was surprised at how liquid the market for this stuff was.)"
I'm fairly surprised by this too. Why do you think that market is so liquid?
I will note that in Software, Entrepreneurship == Innovation in many people's minds (i.e. a startup inventing something new).
In non-software entrepreneurship, buying an existing business and running it is considered a very common path to becoming a business owner. As is starting a copy of other existing businesses (e.g. another restaurant), or even flat-out extending an existing business (e.g. the amazingly successful business innovation of "franchising).
I don't know. I personally feel like it shouldn't be as liquid as it is; it seems like an extraordinarily risky way to earn a return that is, after expenses including time, not that much better than what you might get aggressively investing in the market.
I'm shocked by both the liquidity and the valuation (in that it is more liquid and higher than I would expect).
Further, the income generated from BCC is extremely seasonal and its not anti-seasonal with other education based markets. All in all, I'm as interested (if not more so) in hearing from the purchasers as I am from Patrick.
"it would be pretty weird to compete for the Bingo Card space"
I guess the only counter argument is that there's now a "product market validation" that says a Bingo Card site is "worth" $60k to someone. If I had nothing else to do and - for example - a Wordpress plugin that'd let me create one of these in a weekend, it'd be a not insane idea...
* There's a fairly liquid market for sites of any sort that have a demonstrated ability to generate revenue.
* The valuation of those sites goes up when revenue is recurring.
* The valuation goes up with history/track record.
* That market is not especially oriented towards teachers.
Given the universe of different sites you could build that would charge a subscription fee to serve some niche of customers, it would be pretty weird to compete for the Bingo Card space.
(I was surprised at how liquid the market for this stuff was.)