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I doubt it would take 30 years. More like 3-5. But when your competitor has the cash infusion, you better have it too.
by codecamper 10y ago
I doubt it would take 30 years. More like 3-5. But when your competitor has the cash infusion, you better have it too.
- haney 10y agoIn addition to this you have the problem of dissatisfied customers using the app for the first time and then never coming back. They have to ensure supply while they bring on new customers (has associated acquisition cost) if they acquire a customer and that customer isn't able to purchase anything from them due to lack of supply (or in the case of uber the price is too high because of surge kicking in) then that customer will churn forever, and potentially share their negative experience with their friends. So basically, nail supply, grow customers, don't run out of cash before the whole thing is working.