November 14, 2009

It’s the Lemons, Stupid: Economic theory, Scamville and why everyone should know better

Phin Barnes - SneakerHead VC

For Zynga and the other social gaming sites, the consumer lead is the good being traded and the value of each lead is dependent on the average revenue it brings to the buyer. They should know better than to head down this slippery slope and they should know the problem is the ...

November 14, 2009

It’s the Lemons, Stupid: Economic theory, Scamville and why everyone should know better

Phin Barnes - SneakerHead VC

For Zynga and the other social gaming sites, the consumer lead is the good being traded and the value of each lead is dependent on the average revenue it brings to the buyer. They should know better than to head down this slippery slope and they should know the problem is the ...