TradeMe API / Xero

Irrational behaviour and incomprehensible decisions 101 - this is the place. If they're really silly, you could win a chocolate fish.* (* Highly unlikely and they're only virtual chocolate fish)

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digidog
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TradeMe API / Xero

Post by digidog » Wed May 23, 2007 10:32 pm

TradeMe is letting down the troops
by not having an API

Peter Griffin / NZ Herald - 24 May 2007
An interesting discussion about TM's refusal to offer APIs (application
programming interfaces) to external web developers. The big boys like
eBay and Amazon allow others to tap into their resources via APIs, so
why not TM? Rowan Simpson - formerly in charge of development at
TradeMe and now with new startup Xero - defends TM's position.
In outlining why TradeMe hasn't made an API available to external
developers, Simpson cites concerns about the safety of TradeMe users,
the need to keep third-party developers abreast of changes to the API,
possible threats to the stability of TradeMe's infrastructure and the
prospect of TradeMe users becoming reliant on outside developers for
their interaction with the auction website.
Read all about it...

Rowan has more information on his personal blog. It's not that TM would
rather keep any potential money making ideas to themselves, he insists.
It's a security issue.
We put a big effort into keeping Trade Me safe for buyers and sellers. We
have a full-time team working on this. One of the problems this team deals
with is phishing of members login details. We have a simple and consistent
message for members: don’t enter your Trade Me email address and
password anywhere other than on the Trade Me site. So, obviously
allowing third-party developers to build tools which require our users to
enter their login details is inconsistent with this.
But sharing APIs works for eBay, doesn't it? Why are TM so reluctant to
allow third party developers to grab a small piece of the pie?

Other links:
Rowan's blog...
Peter Griffin's blog...

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Post by bottles » Thu May 24, 2007 7:34 am

Am I right in thinking that "auctionitis" is in this category? They seem to allow that one.

I guess that if you are talking about "sniper" type programs then you are dead right.

They are a boon on eBay, but one of the reasons they wouldn't work on TM is the auto-extend function.

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Post by blingbling » Thu May 24, 2007 11:06 am

bottles wrote:Am I right in thinking that "auctionitis" is in this category? They seem to allow that one.

I guess that if you are talking about "sniper" type programs then you are dead right.

They are a boon on eBay, but one of the reasons they wouldn't work on TM is the auto-extend function.
Yes they do "allow us" because we've been around for a while now and practice safe and transparent processes and have terms of use, a privacy policy and user agreement that is legally water tight (at no inconsequential expense to us) !

As for sniper programs - they'd still work with auto-extend but because they'd result in 1000 different bids from the one ISP (if all bids weere placed from a single server as opposed to a desktop application) I can see why TM would cry about that.

It's all interesting and a good discussion to be having!!!

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Post by bottles » Thu May 24, 2007 6:39 pm

Sadly, it seems that sensible discussions don't seem to happen on the TM message boards very much these days.

"General" seems to have turned into a chat room with happy hours, quizzes, showing off and bickering, and Zillion is even worse. Maybe it's the cyber version of schoolboys writing rude words on the school bus stop?

There hasn't been much of that here apart from the odd wader (sorry weirdo) from time to time.

It more or less defeats the purpose of the boards if a new member can't go there and learn something about trading.

And any thread which looks like a sensible discussion soon gets zapped if it has any whiff of criticism of TM.

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Post by digidog » Sun May 27, 2007 9:27 pm

Bruce Simpson has advice on investing in Xero in today's Aardvark.
The headline is "Avoid, avoid, avoid"

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Post by digidog » Sun May 27, 2007 10:47 pm

There's more Xero news on Stuff this morning.

The gist is that founder Rob Drury wants the new startup to stay "loyal" and
remain in NZ. Keeping it Kiwi - that's nice - although possibly at odds with this
line at the end of the story.
"Xero last week beat 19 international firms to win a business support
package in Wales, including office space and $120,000 of advice."
Would that be the "Wales" that's just out of Te Awamutu?

http://www.stuff.co.nz/4074723a13.html

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Post by digidog » Sat Jun 02, 2007 12:16 am

Xero hit its minimum $15m target, misses the $18m it wanted
Accounting software company Xero Live said today its IPO (initial public
offering) had raised the minimum $15 million it had been seeking but fell
short of the $18m it had hoped to raise.
http://www.stuff.co.nz/4080775a13.html

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Post by digidog » Thu Nov 08, 2007 8:09 pm

Xero reports 204 paying customers
ComputerWorld - 9 November 2007
Publicly-listed accounting software firm Xero has reported its subscription
revenue for the six months to 30 September a $24,000, off 204 paying
customers.

Xero's offer document prior to listing projected 1300 paying customers by
10 May 2008.

The unaudited results released today says the directors "remain comfortable
with the prospective financial information included in the offer document".

"At this early stage of its development, Xero remains focused on keeping
costs in line with the forecasts contained in the offer document while
continuing to build the foundations for scale," the results say.

"With the product and operational foundations in place and capability
established in the New Zealand accounting community, the focus for Xero
is now on driving market awareness of Xero to small businesses, in time
for the traditional accounting system changeover period around March
each year."

Revenue from ordinary activities was $194,000 producing a net loss of
$1.73 million.

Here's the story...

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There is an interesting article in todays computerworld

Post by blingbling » Sat Nov 10, 2007 5:21 am

titled "drury disputes US analyst's take on SaaS"

Basically it says that SAAS companies growth prospects are highly over rated as is their profit potential and that it takes between 70 and 100% more caputal to find an SAAS company to breaking point than it does for a conventional software vendor etcetc... all very interesting reading.

Zero looks kind of cool but there's not really anything I can't do/produce with myob and that has cost me $1300 over the last 10 years. Having said that I made a number of 'picky' enquiries to the zero team and their responses were swift, professional, friendly and helpful. I don't necessarily at this stage have the need for web based access to my existing companies accounts - and that might be where the value lies, but MYOB already offer this along with automatic bank downloads.

Good luck to them, but I wont be buying shares (might be kicking myself in 5 years tho!)

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more to come

Post by blingbling » Sat Dec 01, 2007 11:15 am

in the paper tomorrow depending on a few things..........

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As a generalistation ....

Post by dobby » Sat Dec 01, 2007 7:18 pm

SaaS is becoming increasingly popular in the corporate sector, for non-
core and non-business critical applications. Not needing to bother about
architecture, admin, hosting and maintenance has it's advantages. The
key issues come down to security (and functionality and service of course!).

I suspect that accounting applications would have less attractiveness in this
model for many businesses, as this is something that they would want to
typically control in-house.
Idealism increases in direct proportion to your distance from the problem.

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Post by Captain Obvious » Sun Dec 02, 2007 8:17 am

Xero is a very slick system.

I expect that they will go international as soon as they have the core features sorted out.

There are come pretty cool SAAS applications out there. My company makes heavy use of Joyent for all of out project work.

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Seek and Trade Me shun 'Google of job sites'

Post by Foggyone » Sun Dec 09, 2007 7:47 pm

Story here.

The new service being mooted requires a feed.
Google, the answer to so many questions!
-----------------------------------------------------

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Post by digidog » Thu Apr 16, 2009 9:34 pm

NBR reports that Sam Morgan has just bought $1m worth of shares in Xero
giving him 5% of the company. Xero currently has 6,000 customers. They
need 15,000 to hit profitability.

http://www.nbr.co.nz/article/sam-morgan ... res-101245

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Post by digidog » Fri Apr 02, 2010 7:01 pm

Xero triples revenue
NZ Herald - 3 April 2010
Online accounting system company Xero says it will report operating revenue
of more than $3 million for the 2010 financial year - triple revenue for the
2009 financial year.

Paying customers exceeded 17,000 in more than 50 countries compared with
6000 in 25 countries at March 31, 2009, excluding the just released Xero
Personal product, the company says.

http://www.nzherald.co.nz/business/news ... d=10636022" onclick="window.open(this.href);return false;

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