Once it goes over $10, maybe $20, it's dead. No growth. This is NOT one of those "everyone is doing it" kinds of services.
After this, their only hope is to turn to the current active user base and start all over at $0.05 and make it a mandatory subscription payment instead.
Reason being: once it reaches the "it's not worth it" threshold, a new clone will pop up and there just won't be any reason to use pinboard. At all.
It helps to read the article and verbiage on the website.
For one thing, this method has apparently raised money roughly comparable to what one would get from Y Combinator at no cost in equity - i.e. enough to bootstrap the development of the subscription features.
Once it goes over $10, maybe $20, it's dead. No growth. This is NOT one of those "everyone is doing it" kinds of services.
After this, their only hope is to turn to the current active user base and start all over at $0.05 and make it a mandatory subscription payment instead.
Reason being: once it reaches the "it's not worth it" threshold, a new clone will pop up and there just won't be any reason to use pinboard. At all.