Rip Beys

"The biggest challenge is developing a good fair market valuation algorithm. With Pokemon you already have a lot of players running their own FMV engines, that's not the case with Hot Wheels" David Khosroshvili, founder of Rip Cars, on the hardest product problem they're solving "We've been working on it for over a month. The biggest challenge is developing a good fair market valuation algorithm. With Pokemon you already have a lot of players running their own FMV engines, so you can take five different FMV engines and do a weighted averaging of each to get an actual market valuation for every card. That's not the case with Hot Wheels" "There are a couple of apps which we don't like, because we've been testing them and the results aren't that good, comparing them to our own manual estimates. So a very important thing for the secondary market and for our business is to develop a fair market valuation engine that people actually trust, because everything else on the market right now, when I talk with collectors and see people posting in Facebook groups, people aren't happy with it" "There's a lot of low hanging fruit. We might do the FMV application as a side product at some point, so you could scan any car and get the fair market value for it, but that might be down the road" nitter.gq/ownershipfm/status/207…