[🦈tank] Ever wondered WYLD got funded?
Even though they didn't have great revenue sources.
Honestly, I was going through their website, and it doesn't even have Terms and Conditions or information about card issuance? I didn't see the Shark Tank episode, but do they mention what Bin Sponsor they're using? What about compliance and other requirements?
My guess, if there are any decent lawyers involved in the due diligence process, this might just end up being one of those deals that look good on tv but fall off at the backend
Bumpy_Stock
Stealth
7 months ago
Even if everything is legit. Their business model can be copied. Another card could give 10Rs extra to the users and there you have it. Race to the bottom of decreasin margins.
Indusplateau
Stealth
7 months ago
First mover advantage, build distribution and sell it to a bigger pond
Bumpy_Stock
Stealth
7 months ago
Tum users ko 10Rs extra deke to dekho 😄😄. gamification traps jump karke they would use the other product.
Indusplateau
Stealth
7 months ago
They saw a cheap way to acquire distributors, Influencer distributor. Once the network is solid they must have thought they can sell this to some ad network or agency
FancyChino64
Stealth
7 months ago
haven't seen the episode....read and ET article on them.... seems to be a farce
sharks ko exit mijaega, would team has proved their ability to raise external rounds.
