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Washboard, brilliant new start up that sends you $20 in quarters if you pay them $27

ugk

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Rising Star
BGOL Investor
washboard-laundry-startup.jpg


In a clear sign that the tech world is floating into a bubble, Washboard, which launched this week, allows you to purchase $10 worth of quarters online for $14.99, or $20 in quarters for $26.99. The coins are then mailed to you, the company explains, so you can have them handy for doing laundry.

Related: Mark Cuban on How Obamacare Could Help Startups

Sure, bank branches are closing, people are lazy and getting a steady supply of quarters in the mail every month may seem more convenient to some, but the startup doesn’t look to have huge growth ahead: It has about 20 customers and isn’t looking for any VC funding. Plus, most American homes have washing machines.

"I’ll admit it, it’s a little bit of a negative critique for the most part on Twitter, which is good," Caleb Brown, a cofounder, told Gawker’s Valleywag.

That kind of response won’t survive the media spin cycle.

If Washboard isn’t the next Google, the co-founders, two software developers who first came up with the idea separately a year ago, haven’t wasted time. They launched the site Thursday morning and are already profitable.

"We haven’t put a dime in the business," Brown, who is based in Pittsburgh, Penn., told The Fiscal Times, adding that the biggest investment has been his time. "We created Washboard so people wouldn’t have to go to the bank, but I’m going to the bank every day. That’s all I do."

Brown noted that their profit margin is roughly 20 percent and their biggest expense is shipping, since quarters are heavy.

"I knew this would be a bit silly, yet there’s a market for it," he added. "This isn’t necessarily my greatest achievement in life, but it makes sense."

In other absurd startup news, Yo, an app that does nothing but let you send the word yo to people, also launched this week. Who says innovation in America is dead?
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http://www.inc.com/marine-cole/washboard-promises-$10-in-quarters-for-$15.html

:lol: :lol: officially out of ideas?
 
Re: Washboard, brilliant new start up that sends you $20 in quarters if you pay them

wtf
 
Re: Washboard, brilliant new start up that sends you $20 in quarters if you pay them

"There's a sucker born every minute"...PT Barnum

:dunno:
 
Re: Washboard, brilliant new start up that sends you $20 in quarters if you pay them

I don't think coin operated laundromats exist in this city.
 
Re: Washboard, brilliant new start up that sends you $20 in quarters if you pay them

Hell, people do it everyday with ATM's.....
But on the real, most laundrymats are using reloadable cards or they except plastic now.
 
Re: Washboard, brilliant new start up that sends you $20 in quarters if you pay them

Why wouldn't you just go to the currency exchange?
 
Re: Washboard, brilliant new start up that sends you $20 in quarters if you pay themu

I dont think it will do so good in new york, people that could afford it,

dont need it, they have laundry card..

and people who do need it wont spend extra to spend twenty bucks

I dont see the market for it in nyc..

maybe upstate..
 
Re: Washboard, brilliant new start up that sends you $20 in quarters if you pay them

stop by a car wash on the way there and load up on quarters.....
:lol::lol::lol:
 
Re: Washboard, brilliant new start up that sends you $20 in quarters if you pay them

bump
 
Re: Washboard, brilliant new start up that sends you $20 in quarters if you pay them

laundromats still use quarters?
Robbery waiting to happen.
I haven't used a quarter in 15 years.
 

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