• 242 Posts
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Joined 1 year ago
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Cake day: June 23rd, 2023

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  • I have a major curiosity about how this actually happened. I’ve watched a video or two about it but it still baffles me to this day that SOOOOO many people bought it as a x-mas present for their kid(s).

    I’ve wanted to learn a couple of things about this.

    A. What did the parents think of their kids asking for such a stupid present?

    B. What did the parents who refused to purchase a Pet Rock, have to deal with at home, when their kid(s) were informed that they were not getting one ever?

    C. (On the flip side of B.) What did the parents of those who did purchase them notice or deal with at home?

    D. What psychological reasoning would anyone have to desire to purchase a Pet Rock, instead of making their own?

    E. What psychological marketing/influencing was involved in this scheme?


  • I get not having profit. I get not having income, if it’s in some prototype phase. But having no plan or idea whatsoever for how to monetize and still getting VC? Wild.

    It’s called “growth-first” or “growth-at-all-costs” strategy. I don’t recall what video I was watching when I learned it, but it’s a dying strategy for business now (IIRC). It had its rise in popularity in the late 2000s to about 2018. Think Netflix, WeWork, Uber, etc. These are huge businesses to prop up, so they (literally) bank on the idea that with a huge user base, they can sooner or later, make a profit to make it worth all of the risk.