Posted Aug 12, 2006 11:23 UTC (Sat) by rwmj
In reply to: Worth $5500?
Parent article: A couple of lessons on the hazards of proprietary software
> Robotic Parking claimed it spent $10M to develop the
> software. If so, I could see it being worth $5500 a month.
Hang about! This is a classic monopoly argument. What they mean is that it cost them $10M and
the customer has no choice but to pay off their monthly interest fees.
I could very easily spend $10M developing some software which would be worth absolutely nothing
at all ... in fact I worked for a company during the dot-com boom which did about that :-) In a free
market, whoever had been stupid enough to give me that money would have lost their shirt, and
customers would have gone with a cheaper/better competitor.
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