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BufferBox (YC S12) launches deal with transit system

61 pointsby mmccauleyover 12 years ago

5 comments

untogover 12 years ago
Very clever move. Ideally located, (presumably) with security cameras etc already there, and provided by a transit authority- which are almost permanently cash-strapped.<p>In short: bring it to New York, please. But expect them to get dented late at night.
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brianbreslinover 12 years ago
These are similar to Amazon lockers in seattle right? Interesting business model (would love to hear more about it somewhere)
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solox3over 12 years ago
I've worked in close proximity to these guys, but the math behind their business still boggles me.<p>There are about 10 slots in their largest box, and they are charging $4 per slot. The average package will occupy the slot for a day before it is picked up. This gives a max revenue of $40/day/box, or $1200/month/box. Slash that figure in half because it is impossible to have all slots occupied simultaneously all the time, and you get $600/month/box.<p>If they can turn this into a profitable business, they are truly visionaries that see what others cannot.
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webmonkeyukover 12 years ago
I wouldn't have thought this would have ever got of the ground with potential security issues. An underground station would be the perfect place to plant explosives. In London they don't even have rubbish (trash) bins in the stations.<p>Perhaps only pre-approved retailers can deliver to it. That system's still open to abuse though.
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andrewcrossover 12 years ago
While it's mainly designed for packages, I use it for all my mail now. Would have a hard time going back to not having it.