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Would an Uber/Lyft like company have been even mildly successful if it wasn't for the capital? Is there any other scenario under which we could've seen a privat
by pj_mukh 11y ago
Would an Uber/Lyft like company have been even mildly successful if it wasn't for the capital? Is there any other scenario under which we could've seen a private company take on the taxi monopoly? I'm not sure.
Maybe using insane amounts of capital isn't a black/white issue and more dependent on your market/business type. Obviously, you are right about everything else just being cyclical.
Also, that is very illuminating about Salesforce.
- wslh 11y ago> Would an Uber/Lyft like company have been even mildly successful if it wasn't for the capital? Probably not them but other companies with less capital have achieved better long term results. I think we should have a serious discussion about "startup dumping" and business inequality. I don't know how to solve the unfair competition pushed by companies who can spend a lot of money acquiring customers without a profit but it is important to increase the success rate of startups with less capital.
- rhizome 11y agoWhat about Flywheel and other Taxi-side technology addons?