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IPv4 smaller than /24 leasing?

Startups, people serving areas where there aren't a ton of people, etc. 

I'm sure they'd love to have /24s, but ARIN is out of them and the market is too pricey for most of these guys. 

Mike Hammett 
Intelligent Computing Solutions 

Midwest Internet Exchange 

The Brothers WISP 

----- Original Message -----

From: "valdis kletnieks" <valdis.kletnieks at vt.edu> 
To: "Justin Wilson" <lists at mtin.net> 
Cc: "NANOG" <nanog at nanog.org> 
Sent: Thursday, January 4, 2018 4:51:20 PM 
Subject: Re: IPv4 smaller than /24 leasing? 

On Thu, 04 Jan 2018 17:40:27 -0500, Justin Wilson said: 
> I know of dozens, if not hundreds of small ISPs that can�t participate in BGP 
> because they don�t have big enough blocks. 

What's the business model, if you have less than 120 customers? Selling 
value-add services on top of moving the packets? Or just be in a country 
where cost-of-everything is so cheap that you can make a profit on 120 
customers at $20/mo? 

And hundreds? Is that "in the US", or "worldwide"?