This lunch is 500 yen ($4.80) at Sukiya, a Japanese fast food restaurant which belongs to a category with about three big competitors.
I love the aesthetics of this category and they’re under remarked upon.

They also are a wee bit of a cartel, and I appreciate the aesthetics of the cartel:
And the heads of the three chains got together, and decided that the price of the basic beef bowl needed to increase, but given the economic circumstances how could they hold the line.
“We are very sorry, given the economic environment, to raise the price from 165 yen to 180 yen, but we are doing our level best to keep it there, and have mutually decided that approximately one yen of margin is appropriate.”
If your offering is “I plate a bit of five big pots of things I cooked in the morning and keep heated as serving temperature all day” you can get the offering almost arbitrarily cheap.
Explains bowls, curry, etc
More from Patrick McKenzie
There are a *lot* of software shops in the world that would far rather have one more technical dependency than they'd like to pay for one of their 20 engineers to become the company's SPOF expert on the joys of e.g. HTTP file uploads, CSV parsing bugs, PDF generation, etc.
Every year at MicroConf I get surprised-not-surprised by the number of people I meet who are running "Does one thing reasonably well, ranks well for it, pulls down a full-time dev salary" out of a fun side project which obviates a frequent 1~5 engineer-day sprint horizontally.
"Who is the prototypical client here?"
A consulting shop delivering a $X00k engagement for an internal system, a SaaS company doing something custom for a large client or internally facing or deeply non-core to their business, etc.
(I feel like many of these businesses are good answers to the "how would you monetize OSS to make it sustainable?" fashion, since they often wrap a core OSS offering in the assorted infrastructure which makes it easily consumable.)
"But don't the customers get subscription fatigue?"
I think subscription fatigue is far more reported by people who are embarrassed to charge money for software than it is experienced by for-profit businesses, who don't seem to have gotten pay-biweekly-for-services fatigue.
On a serious note, it's interesting to observe that you can build a decent business charging $20 - $50 per month for something that any good developer can set up. This is one of those micro-saas sweet spots between "easy for me to build" and "tedious for others to build"
— Jon Yongfook (@yongfook) September 5, 2019
Every year at MicroConf I get surprised-not-surprised by the number of people I meet who are running "Does one thing reasonably well, ranks well for it, pulls down a full-time dev salary" out of a fun side project which obviates a frequent 1~5 engineer-day sprint horizontally.
"Who is the prototypical client here?"
A consulting shop delivering a $X00k engagement for an internal system, a SaaS company doing something custom for a large client or internally facing or deeply non-core to their business, etc.
(I feel like many of these businesses are good answers to the "how would you monetize OSS to make it sustainable?" fashion, since they often wrap a core OSS offering in the assorted infrastructure which makes it easily consumable.)
"But don't the customers get subscription fatigue?"
I think subscription fatigue is far more reported by people who are embarrassed to charge money for software than it is experienced by for-profit businesses, who don't seem to have gotten pay-biweekly-for-services fatigue.
So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
More from Food
**********
6TH ANNUAL
BULL CITY FOODRAISER
FINAL METRICS THREAD
**********
Going to fill this thread with the updated final numbers
Prior threads are here –
➡️ Foodraiser history thread: https://t.co/Hz0jxFrswF
➡️ Initial 6th Annual data thread: https://t.co/XkK4oWE9iT
➡️ 6th Annual results photos + video thread:
You'll recall that we had to buy a sh*tload of grocery bags that were not included in our initial data thread
And then had to buy another sh*tload the next day 🤦♂️
Those paper bag runs added $386.94 to the expenditures ($193.47 x 2)
That put the grand total spent at $55,426.68:
➡️ $10 for cashier's check
➡️ $55,029.74 for food
➡️ $386.94 for bags
The Bag Fund donations exceeded what we needed though, so we capped 2020's #'s at actual expenditures and will hold the rest for 2021 (more on that down-thread)
Counting the new donors who contributed to The Bag Fund, and de-duplicating the folks who'd already donated to the main fundraiser, we ended up with 825 total donors
6TH ANNUAL
BULL CITY FOODRAISER
FINAL METRICS THREAD
**********

Going to fill this thread with the updated final numbers
Prior threads are here –
➡️ Foodraiser history thread: https://t.co/Hz0jxFrswF
➡️ Initial 6th Annual data thread: https://t.co/XkK4oWE9iT
➡️ 6th Annual results photos + video thread:
We have a few new people here since our December 2019 event, so let's start things off with some background \U0001f62c
— T. Greg "'Constitutional Lawyer'" Doucette (@greg_doucette) December 4, 2020
You'll recall that we had to buy a sh*tload of grocery bags that were not included in our initial data thread
And then had to buy another sh*tload the next day 🤦♂️
Those paper bag runs added $386.94 to the expenditures ($193.47 x 2)
That put the grand total spent at $55,426.68:
➡️ $10 for cashier's check
➡️ $55,029.74 for food
➡️ $386.94 for bags
The Bag Fund donations exceeded what we needed though, so we capped 2020's #'s at actual expenditures and will hold the rest for 2021 (more on that down-thread)

Counting the new donors who contributed to The Bag Fund, and de-duplicating the folks who'd already donated to the main fundraiser, we ended up with 825 total donors
