Comments on: Smart People… Maybe Not? http://jeffnolan.com/wp/2007/10/01/smart-people-maybe-not/ Jeff Nolan's take on innovation, entrepreneurship, tech and stuff that interests me Thu, 17 May 2012 21:05:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Daily Ventures - Today Top Blog Posts on Venture Capitalist - Powered by SocialRank http://jeffnolan.com/wp/2007/10/01/smart-people-maybe-not/comment-page-1/#comment-175281 Daily Ventures - Today Top Blog Posts on Venture Capitalist - Powered by SocialRank Fri, 05 Oct 2007 11:07:57 +0000 http://jeffnolan.com/wp/2007/10/01/smart-people-maybe-not/#comment-175281 [...] Smart People… Maybe Not? [...] [...] Smart People… Maybe Not? [...]

]]> By: Startup Signal - Today’s Top Blog Posts on Entrepreneurship - Powered by SocialRank http://jeffnolan.com/wp/2007/10/01/smart-people-maybe-not/comment-page-1/#comment-174177 Startup Signal - Today’s Top Blog Posts on Entrepreneurship - Powered by SocialRank Tue, 02 Oct 2007 10:37:58 +0000 http://jeffnolan.com/wp/2007/10/01/smart-people-maybe-not/#comment-174177 [...] Smart People… Maybe Not? [...] [...] Smart People… Maybe Not? [...]

]]> By: Jeff http://jeffnolan.com/wp/2007/10/01/smart-people-maybe-not/comment-page-1/#comment-174099 Jeff Tue, 02 Oct 2007 04:39:30 +0000 http://jeffnolan.com/wp/2007/10/01/smart-people-maybe-not/#comment-174099 yeah Vinnie, they sold those .02 cent miles and convert them into a 25,000 mile ticket for a "retail value" of $500 for a ticket that has a base cost of $25-50. Shrewd. And with the "redemption fee" they charge you for the miles ticket, it probably doesn't cost them anything to fly you. They earn $500 for a ticket that costs them $25 to fulfill (without a fee) and then take years to redeem it. Then there is that whole issue of expirations. yeah Vinnie, they sold those .02 cent miles and convert them into a 25,000 mile ticket for a “retail value” of $500 for a ticket that has a base cost of $25-50. Shrewd. And with the “redemption fee” they charge you for the miles ticket, it probably doesn’t cost them anything to fly you. They earn $500 for a ticket that costs them $25 to fulfill (without a fee) and then take years to redeem it.

Then there is that whole issue of expirations.

]]> By: vinnie mirchandani http://jeffnolan.com/wp/2007/10/01/smart-people-maybe-not/comment-page-1/#comment-174056 vinnie mirchandani Tue, 02 Oct 2007 01:38:06 +0000 http://jeffnolan.com/wp/2007/10/01/smart-people-maybe-not/#comment-174056 not so sure Jeff..an airline exec told me there are 20 trillion unredeemed miles and growing exponentially as non-airline credits (like from affinity cards) pile up...in mean time domestic seat capacity has shrunk, and airlines want double miles any more to even honor awards...unless that currency can be used to trade more than airline seats (it can to buy merchandise but not at reasonable conversions)it is a devalued currency...any one who acquires that sub should carefully take a look at the unextinguished liability and already questionable customer loyalty not so sure Jeff..an airline exec told me there are 20 trillion unredeemed miles and growing exponentially as non-airline credits (like from affinity cards) pile up…in mean time domestic seat capacity has shrunk, and airlines want double miles any more to even honor awards…unless that currency can be used to trade more than airline seats (it can to buy merchandise but not at reasonable conversions)it is a devalued currency…any one who acquires that sub should carefully take a look at the unextinguished liability and already questionable customer loyalty

]]>