to get rid of to fund the purchase of newer tech. Tired of Craigslist
and eBay, I put up a static HTML page with a few items, and asked
people on Twitter to check it out and place bids if interested."
mentioned, access to the site is invitation only, limiting the risk
factor by providing an easy way to trace and ban anyone who attempts to
mistreat another member.
"In a nutshell, if someone rips you off, doesn't complete the
transaction in a timely manner, doesn't abide by your terms, or is just
an asshole, they're gone. Banned for life. Furthermore, we'll look at
who invited the bad apple, and possibly lower their karma too depending
on circumstances" says Frank.
asked via email if the sale would ever be open to the general public,
Frank said, "we (I) really want to know who brought who into the site,
moderation/banning is not just an idle threat if someone is a bad seed.
While I hope the site grows to have a lot of members, quality is
absolutely more important than quantity."
Which leads one to
wonder about social networking sites like Facebook or Twitter- what
would their business model look like now if they had stayed in private
beta? Obviously the growth would have been much slower, but would their
reputation or potential for revenue have suffered or prospered? What do
you think? Let us know in the comments!
Follow Steven Frank on Twitter! @stevenf