Culture circle mystery box - Scam
someone from the culture circle team directly told me that the tee shirts they're selling in the mystery box are from their internal brands.
They launched brands like off supply, myugen, forfksake which are cheap copies of off-white , bluorng, and essentials.
business model -
create tees for 200-300 RS.
price them at 3000-5000 RS.
Put 3 tees in mystery box
scam valuation - 15,000 RS
real valuation - 600-900 RS
they sell at 3,999 ,4,999,
Note -
they could have tried going the normal route trying to build an apparel brand with a large marketplace but people don't trust culture circle anyways.
No one would normally pay 3-4k for an unknown tee brand.
What does cc do instead of actually working hard?scam college kids ,scam clients who're unware of reddit and sell hope (lottery system).
in the end,
It's a positive sign that they're losing share in hype market. they are pivoting towards the naive lower spending audience.