Comments on: Tipjoy’s Founders on Passing the Hat http://gigaom.com/2008/07/27/tipjoy/ Trusted Insights and Conversations on the Next Wave of Technology Thu, 26 Nov 2009 06:47:41 +0000 http://wordpress.com/ hourly 1 By: Tina Louise http://gigaom.com/2008/07/27/tipjoy/#comment-940136 Tina Louise Sat, 25 Apr 2009 23:17:37 +0000 http://gigaom.com/?p=14448#comment-940136 <p>I have considered this idea for a while now, as I WANT to say thanks to those who enrich my internet experience.</p> <p>We all have to make money to get through life and when talent inspires me, art moves me, intelligent journalism restores me or comedians floor me with their delectable humour... I want them to know that I want them to keep doing it. They can only keep doing it if they are able to make a living at it.</p> <p>Freely giving also just feels so damned nice. Demand money from me and I think hard about parting with the cash... but to give on impulse seems more exciting and I feel in control.</p> <p>I love this idea and will be exploriing with a view to making it a handy extra to take with me when online.</p> <p>Namaste, Tina</p> I have considered this idea for a while now, as I WANT to say thanks to those who enrich my internet experience.

We all have to make money to get through life and when talent inspires me, art moves me, intelligent journalism restores me or comedians floor me with their delectable humour… I want them to know that I want them to keep doing it. They can only keep doing it if they are able to make a living at it.

Freely giving also just feels so damned nice. Demand money from me and I think hard about parting with the cash… but to give on impulse seems more exciting and I feel in control.

I love this idea and will be exploriing with a view to making it a handy extra to take with me when online.

Namaste, Tina

]]> By: Mobuzz Asks Its Audience to Help Keep It Afloat « NewTeeVee http://gigaom.com/2008/07/27/tipjoy/#comment-910772 Mobuzz Asks Its Audience to Help Keep It Afloat « NewTeeVee Wed, 05 Nov 2008 18:52:09 +0000 http://gigaom.com/?p=14448#comment-910772 <p>[...] call for help is a clever pitch to a loyal audience, and a purely user-generated revenue stream isn’t a new idea. But during our conversation De Mello also said the company could, with new [...]</p> [...] call for help is a clever pitch to a loyal audience, and a purely user-generated revenue stream isn’t a new idea. But during our conversation De Mello also said the company could, with new [...]

]]> By: Kenneth Stein http://gigaom.com/2008/07/27/tipjoy/#comment-891372 Kenneth Stein Thu, 31 Jul 2008 01:38:56 +0000 http://gigaom.com/?p=14448#comment-891372 <p>Here's the pain I see TipJoy addressing. The pain experienced by people who can't figure out how to develop and iterate a business model. Such people are unable to obtain compensation for creative time and thought directed towards the production of things that are enjoyed or utilized by others.<br /> The tricky part here is that while others may enjoy obtaining some of these things (i.e. a song, an image, a video)the producers of such can in no way expect to receive anything for them. The moment such an attitude manifests, it's over.<br /> Coincidentally, I posted to my weblog several days ago on a very similar topic. <a href="http://www.plexav.com/2008/fairly-value-creative-thinking/" rel="nofollow">Fairly Valuing Creative Thinking</a>. Ivan, Abbey and Carleen, please take a few moments and give it a read. Much thanks and all the best. Summum Bonum.</p> Here’s the pain I see TipJoy addressing. The pain experienced by people who can’t figure out how to develop and iterate a business model. Such people are unable to obtain compensation for creative time and thought directed towards the production of things that are enjoyed or utilized by others.
The tricky part here is that while others may enjoy obtaining some of these things (i.e. a song, an image, a video)the producers of such can in no way expect to receive anything for them. The moment such an attitude manifests, it’s over.
Coincidentally, I posted to my weblog several days ago on a very similar topic. Fairly Valuing Creative Thinking. Ivan, Abbey and Carleen, please take a few moments and give it a read. Much thanks and all the best. Summum Bonum.

]]> By: Tipjoy s Founders on Passing the Hat - Gigaom.com | EasyProfitBlog.com http://gigaom.com/2008/07/27/tipjoy/#comment-891141 Tipjoy s Founders on Passing the Hat - Gigaom.com | EasyProfitBlog.com Tue, 29 Jul 2008 20:16:54 +0000 http://gigaom.com/?p=14448#comment-891141 <p>[...] Tipjoy s Founders on Passing the Hat - Gigaom.comIvan and Abby Kirigin founded their startup, Tipjoy , to give consumers of free content a new way to pay for the stuff they really like: by leaving a tip. While the idea sounds simple enough, what the Kirigins want to do is actually far more [...]</p> [...] Tipjoy s Founders on Passing the Hat – Gigaom.comIvan and Abby Kirigin founded their startup, Tipjoy , to give consumers of free content a new way to pay for the stuff they really like: by leaving a tip. While the idea sounds simple enough, what the Kirigins want to do is actually far more [...]

]]> By: Brian Kirk http://gigaom.com/2008/07/27/tipjoy/#comment-891109 Brian Kirk Tue, 29 Jul 2008 16:58:44 +0000 http://gigaom.com/?p=14448#comment-891109 <p>I think the concept is great for the community. I know that I owe the team at GigaOM a tip for their many articles each day. In fact I think I'll go & tip them now :)</p> I think the concept is great for the community. I know that I owe the team at GigaOM a tip for their many articles each day. In fact I think I’ll go & tip them now :)

]]> By: Ivan Kirigin http://gigaom.com/2008/07/27/tipjoy/#comment-890995 Ivan Kirigin Tue, 29 Jul 2008 03:07:10 +0000 http://gigaom.com/?p=14448#comment-890995 <p>@Ryan, paypal takes 8 steps, takes you away from the page you're on, and takes $0.29 on the first $1 spent. Is that enough pain for you? :)</p> <p>Also, the payments are setup for free content for now. We're building out APIs for traditional payment processing.</p> @Ryan, paypal takes 8 steps, takes you away from the page you’re on, and takes $0.29 on the first $1 spent. Is that enough pain for you? :)

Also, the payments are setup for free content for now. We’re building out APIs for traditional payment processing.

]]> By: Ryan http://gigaom.com/2008/07/27/tipjoy/#comment-890916 Ryan Mon, 28 Jul 2008 19:30:30 +0000 http://gigaom.com/?p=14448#comment-890916 <p>@Ivan, true, customer acquisition is always the problem, and the most important ingredient to that is solving a pain point. In tipjoy's case, what is that pain point?</p> @Ivan, true, customer acquisition is always the problem, and the most important ingredient to that is solving a pain point. In tipjoy’s case, what is that pain point?

]]> By: Ryan http://gigaom.com/2008/07/27/tipjoy/#comment-890914 Ryan Mon, 28 Jul 2008 19:28:06 +0000 http://gigaom.com/?p=14448#comment-890914 <p>Where's the "payment" part of this? Why would anybody give Google a tip, let alone over $2,000 in tips?</p> <p>http://tipjoy.com/joy/280/</p> Where’s the “payment” part of this? Why would anybody give Google a tip, let alone over $2,000 in tips?

http://tipjoy.com/joy/280/

]]> By: Ivan Kirigin http://gigaom.com/2008/07/27/tipjoy/#comment-890864 Ivan Kirigin Mon, 28 Jul 2008 17:09:27 +0000 http://gigaom.com/?p=14448#comment-890864 <p>@kaveh You can charge their account for some minimum like $5, and keep the rest as a credit.</p> <p>But the biggest issue isn't charging users, it's getting them.</p> @kaveh You can charge their account for some minimum like $5, and keep the rest as a credit.

But the biggest issue isn’t charging users, it’s getting them.

]]> By: links for 2008-07-28 « that dismal science http://gigaom.com/2008/07/27/tipjoy/#comment-890854 links for 2008-07-28 « that dismal science Mon, 28 Jul 2008 15:39:54 +0000 http://gigaom.com/?p=14448#comment-890854 <p>[...] Tipjoy’s Founders on Passing the Hat - GigaOM (tags: money donation micropayments startup) Possibly related posts: (automatically generated)Google and I.B.M. Join in ‘Cloud Computing’ ResearchGoogle’s Extraordinary AmbitionsBusiness Briefing - Deals - Google Buys Online Ad Business in Russia - Br…Google Buys Russian Ad-Targeting Firm For $140M [...]</p> [...] Tipjoy’s Founders on Passing the Hat – GigaOM (tags: money donation micropayments startup) Possibly related posts: (automatically generated)Google and I.B.M. Join in ‘Cloud Computing’ ResearchGoogle’s Extraordinary AmbitionsBusiness Briefing – Deals – Google Buys Online Ad Business in Russia – Br…Google Buys Russian Ad-Targeting Firm For $140M [...]

]]> By: kaveh http://gigaom.com/2008/07/27/tipjoy/#comment-890768 kaveh Mon, 28 Jul 2008 05:07:33 +0000 http://gigaom.com/?p=14448#comment-890768 <p>Back in the late 90's a few micropayment companies sprung up as part of the eco-system for premium content (NYT tried this ... I think). Among them was the Seattle-based Qpass.</p> <p>I remember that one of the challenges was the amount of time these companies would have to wait for a user to rack up large enugh of a bill for them to submit the CC transaction. Is that still the case? What has changed to make the margins/business model more viable now than it was then (this is a sincere question).</p> Back in the late 90’s a few micropayment companies sprung up as part of the eco-system for premium content (NYT tried this … I think). Among them was the Seattle-based Qpass.

I remember that one of the challenges was the amount of time these companies would have to wait for a user to rack up large enugh of a bill for them to submit the CC transaction. Is that still the case? What has changed to make the margins/business model more viable now than it was then (this is a sincere question).

]]> By: Ivan Kirigin http://gigaom.com/2008/07/27/tipjoy/#comment-890740 Ivan Kirigin Mon, 28 Jul 2008 01:06:23 +0000 http://gigaom.com/?p=14448#comment-890740 <p>Hi Dave - I'm cofounder of Tipjoy.</p> <p>We took down the dollar amount because it incentivized people to game the system by leaving very large donations. Since taking it down, gaming has all but stopped and the transaction processing rates are continuing to increase.</p> <p>I'll be the first to say that we're looking for a large amount of growth. That's the nature of a startup that's just a few months old.</p> Hi Dave – I’m cofounder of Tipjoy.

We took down the dollar amount because it incentivized people to game the system by leaving very large donations. Since taking it down, gaming has all but stopped and the transaction processing rates are continuing to increase.

I’ll be the first to say that we’re looking for a large amount of growth. That’s the nature of a startup that’s just a few months old.

]]> By: Dave http://gigaom.com/2008/07/27/tipjoy/#comment-890713 Dave Sun, 27 Jul 2008 18:41:54 +0000 http://gigaom.com/?p=14448#comment-890713 <p>How about some real questions?</p> <p>I remember seeing the dollar amount of tips collected by TipJoy that was displayed on the top of their site. Now they've taken it down. If I'm not mistaken, the amount that they collected in 4+ months was less than $4.5K. Their FAQ says they charge 3% which means they've made around $135. Is this really a viable startup?!</p> How about some real questions?

I remember seeing the dollar amount of tips collected by TipJoy that was displayed on the top of their site. Now they’ve taken it down. If I’m not mistaken, the amount that they collected in 4+ months was less than $4.5K. Their FAQ says they charge 3% which means they’ve made around $135. Is this really a viable startup?!

]]> By: MattLilly http://gigaom.com/2008/07/27/tipjoy/#comment-890712 MattLilly Sun, 27 Jul 2008 18:21:18 +0000 http://gigaom.com/?p=14448#comment-890712 <p>So far Tipjoy is filling the gap between Freemium and Priced goods & services. I believe they are on the right path.</p> <p>As their model evolves and offers more option they can easily turn into the leading micro payment system on the web. Tipjoy looks like a winner to me.</p> So far Tipjoy is filling the gap between Freemium and Priced goods & services. I believe they are on the right path.

As their model evolves and offers more option they can easily turn into the leading micro payment system on the web. Tipjoy looks like a winner to me.

]]> By: gregorylent http://gigaom.com/2008/07/27/tipjoy/#comment-890710 gregorylent Sun, 27 Jul 2008 18:11:25 +0000 http://gigaom.com/?p=14448#comment-890710 <p>i have disliked the name ever since i first heard it, and would use any similar service that had a less smarmy name ... it reminds me of tip jars in starbucks where no service is given but they want your change anyway..</p> <p>buyjoy, payjoy, there are a lot of better names that dont carry a kind of underclass demeaning vibe.</p> <p>the concept is fabulous, and is the future</p> i have disliked the name ever since i first heard it, and would use any similar service that had a less smarmy name … it reminds me of tip jars in starbucks where no service is given but they want your change anyway..

buyjoy, payjoy, there are a lot of better names that dont carry a kind of underclass demeaning vibe.

the concept is fabulous, and is the future

]]> By: amar irani http://gigaom.com/2008/07/27/tipjoy/#comment-890694 amar irani Sun, 27 Jul 2008 15:37:00 +0000 http://gigaom.com/?p=14448#comment-890694 <p>JAA: you are spot on! Only in America! People get the journalists and businesses they deserve!</p> JAA: you are spot on! Only in America! People get the journalists and businesses they deserve!

]]>