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Free money for me!!

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johnhattan

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I just figured out where all that new VC and IPO money is going.

It's going to me!

Yep, that's right. Venture Capitalists are handing out huge sums of cash to startups, and it's working its way directly into my pocket.

A couple of days ago, I heard that allbooks4less was making a starting offer of two free books for their first 25,000 orders, so I got a biography of Thomas Paine and a book on DirectDraw, paying $4.90 for P&H. My wife then ordered a couple of hardcover mysteries for $4.90 P&H. The next day, my wife got a coupon from Amazon for $10 off any non-book item. She bought a copy of Scrabble for our fine game collection, paying $4.50 for P&H. A month ago, I got a copy of the out-of-print Telefon book 25 cents via Amazon auctions and a coupon.

It's interesting. In the past, investor capital went into things like R&D and advertising. Nowadays, companies are just handing that money directly to consumers. I was amazed when I heard that PriceLine was using cash-reserves to make up for price-differences between buyer and seller bids, but I then started noticing that it's really happening everywhere.

While I don't mind getting good products for loss-leader prices, I wonder how long this trend can continue.

Oh well. Until then, I'm gonna grab as much as I can. Christmas is coming :)
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