Comments on: Moola: A Genius Business Model That Lets You Get Rich By Taking Money From Other People http://www.businesspundit.com/moola-a-genius-business-model-that-lets-you-get-rich-by-taking-money-from-other-people/ Entrepreneurship, Startup Companies and Business Philosophy Fri, 20 Nov 2009 20:31:15 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: me http://www.businesspundit.com/moola-a-genius-business-model-that-lets-you-get-rich-by-taking-money-from-other-people/comment-page-1/#comment-17674 me Fri, 02 Oct 2009 14:24:55 +0000 http://www.businesspundit.com.php5-6.websitetestlink.com/?p=2822#comment-17674 you bank into you're savings account every know and then you cant take money from savings to play only to cash out and if no one will play on you're level then moola will battle you you bank into you’re savings account every know and then you cant take money from savings to play only to cash out and if no one will play on you’re level then moola will battle you

]]> By: El Queso Grande http://www.businesspundit.com/moola-a-genius-business-model-that-lets-you-get-rich-by-taking-money-from-other-people/comment-page-1/#comment-1359 El Queso Grande Wed, 03 Jan 2007 21:48:52 +0000 http://www.businesspundit.com.php5-6.websitetestlink.com/?p=2822#comment-1359 Rob, The bigger issue is that there is zero chance that you would ever be able to win the $10+ million in the first place. First off, the odds of you winning a straightforward 50/50 game of doubling $0.01 into $10+ million are 2^32 (two to the power of 32) - exceptionally small to begin with. The failure of the Moola.com model is that you always need to find a real-world person with the same $$$ level as you to bet against in order to win that person's money. Yep, in order to win the top prize, you have to find someone who won $5 million felt strongly that they would rather risk it against you in a flash game versus cashing out. Before you got to that $5 million opponent, both you and he/she would need to have found others willing to lose their $2.5 million...and before that $1.25 million...before that $600k, $300k, $150k, etc. Most people on that site seem to press the "cash in" button at the $10 to (max) $150 level. The business concept is VERY interesting, but flawed to the degree that the site will likely not get out of the beta concept. A couple of twists on this idea might make it more worthwhile though...hmm... Rob,

The bigger issue is that there is zero chance that you would ever be able to win the $10+ million in the first place. First off, the odds of you winning a straightforward 50/50 game of doubling $0.01 into $10+ million are 2^32 (two to the power of 32) – exceptionally small to begin with.

The failure of the Moola.com model is that you always need to find a real-world person with the same $$$ level as you to bet against in order to win that person’s money. Yep, in order to win the top prize, you have to find someone who won $5 million felt strongly that they would rather risk it against you in a flash game versus cashing out. Before you got to that $5 million opponent, both you and he/she would need to have found others willing to lose their $2.5 million…and before that $1.25 million…before that $600k, $300k, $150k, etc.

Most people on that site seem to press the “cash in” button at the $10 to (max) $150 level.

The business concept is VERY interesting, but flawed to the degree that the site will likely not get out of the beta concept. A couple of twists on this idea might make it more worthwhile though…hmm…

]]> By: JRM http://www.businesspundit.com/moola-a-genius-business-model-that-lets-you-get-rich-by-taking-money-from-other-people/comment-page-1/#comment-1358 JRM Thu, 24 Aug 2006 17:39:20 +0000 http://www.businesspundit.com.php5-6.websitetestlink.com/?p=2822#comment-1358 I think the business model is to make more money then they are giving out. If the Advertisers are using the site as a testing ground that would be fine by Moola. I like the concept. The format seems to use the create buzz with will connected people, allowing them to make a little money, and pass the information on to others in their network. Seems like the Tipping Point concept to me. I think the business model is to make more money then they are giving out. If the Advertisers are using the site as a testing ground that would be fine by Moola.

I like the concept. The format seems to use the create buzz with will connected people, allowing them to make a little money, and pass the information on to others in their network. Seems like the Tipping Point concept to me.

]]> By: Rob http://www.businesspundit.com/moola-a-genius-business-model-that-lets-you-get-rich-by-taking-money-from-other-people/comment-page-1/#comment-1357 Rob Thu, 24 Aug 2006 12:28:17 +0000 http://www.businesspundit.com.php5-6.websitetestlink.com/?p=2822#comment-1357 Chris, Advertisers are paying for your attention. It's much better than say, putting an ad on TV where someone will tivo it and skip it. Chris,
Advertisers are paying for your attention. It’s much better than say, putting an ad on TV where someone will tivo it and skip it.

]]> By: Chris Harris http://www.businesspundit.com/moola-a-genius-business-model-that-lets-you-get-rich-by-taking-money-from-other-people/comment-page-1/#comment-1356 Chris Harris Thu, 24 Aug 2006 08:33:55 +0000 http://www.businesspundit.com.php5-6.websitetestlink.com/?p=2822#comment-1356 So what's the business model then? Are they helping advertisers improve their ads by trying out a few different versions and subjecting them to review by the public? So what’s the business model then? Are they helping advertisers improve their ads by trying out a few different versions and subjecting them to review by the public?

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