4 ms·

One of the example of startup that is huge success in Europe, but in USA similar models aren't that successful (Zimride pivoted to Lyft, Ridejoy closed).

onedev 11y ago
I wonder what would happen if we started taking smart ideas that didn't gain traction in the U.S. due to cultural and regional differences and then trying them overseas (e.g. the reverse Samovar brother) I guess the really hard part would be isolating a startups failure or lack of popularity to culture or density. At least enough to spend time and effort to get a similar thing going in another country only to face not that much better odds of failure.
- hkmurakami 11y ago
  Fundraising seems hard, but maybe if you have enough counterexamples like this, a compelling case can be made.
briandear 11y ago
Raising money doesn't make one a 'huge success.' When they have profits or an exit, then we can discuss success parameters.
- MartinMoizard 11y ago
  No one said that raising money means success. BlaBlaCar is considered a big success for several years now, simply because the service is used and really appreciated by thousand of people.
- nxb 11y ago
  Each fundraising is literally a mini-exit, especially B-series and beyond, where founders are often allowed to liquidate some of their shares. The reality is more fluid and less black and white.
jpdus 11y ago
Well, I would not call it a huge success yet. Certainly it gained some traction and lots of people use it here (I'm from Germany), but in the past it was repeatedly shown that BlaBla Car's business model has no lock-in at all and that it will be very difficult to monetize their reach. Predecessors of their ride-sharing platform here tried to charge (low) fees and users switched platforms rapidly or tried to circumvent paying fees (canceling of rides when drivers/passengers already have shared contact details). BlaBla Car could only grow to its current size because they did not charge anything. This busines model can't be compared to Uber/Airbnb/... in my view and I really don't know who invested at this valuation and how they want to earn that much...

onedev 11y ago

I wonder what would happen if we started taking smart ideas that didn't gain traction in the U.S. due to cultural and regional differences and then trying them overseas (e.g. the reverse Samovar brother) I guess the really hard part would be isolating a startups failure or lack of popularity to culture or density. At least enough to spend time and effort to get a similar thing going in another country only to face not that much better odds of failure.

hkmurakami 11y ago
Fundraising seems hard, but maybe if you have enough counterexamples like this, a compelling case can be made.

briandear 11y ago

Raising money doesn't make one a 'huge success.' When they have profits or an exit, then we can discuss success parameters.

MartinMoizard 11y ago
No one said that raising money means success. BlaBlaCar is considered a big success for several years now, simply because the service is used and really appreciated by thousand of people.
nxb 11y ago
Each fundraising is literally a mini-exit, especially B-series and beyond, where founders are often allowed to liquidate some of their shares. The reality is more fluid and less black and white.

jpdus 11y ago

Well, I would not call it a huge success yet. Certainly it gained some traction and lots of people use it here (I'm from Germany), but in the past it was repeatedly shown that BlaBla Car's business model has no lock-in at all and that it will be very difficult to monetize their reach. Predecessors of their ride-sharing platform here tried to charge (low) fees and users switched platforms rapidly or tried to circumvent paying fees (canceling of rides when drivers/passengers already have shared contact details). BlaBla Car could only grow to its current size because they did not charge anything. This busines model can't be compared to Uber/Airbnb/... in my view and I really don't know who invested at this valuation and how they want to earn that much...