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Good article. It's true that tech in general may be facing challenges because smartphones are not new anymore, but I was especially annoyed at the On-Demand bu
by firasd 10y ago
Good article.
It's true that tech in general may be facing challenges because smartphones are not new anymore, but I was especially annoyed at the On-Demand bubble from last year, which felt to me like a "fake startup" trend. Saying the total addressable market of food is in the trillions so you're gonna make a food delivery app and give away a dollar for 80 cents just felt to me like, is this really a 'tech' business? There are no margins.
- CN7R 10y agoTo be fair, software has higher profit margins than hardware. Even higher when you make that software as a service. A lot of the margins is diminished due to the physical upkeep, which can be argued as "hardware". I would agree that on-demand services, for the most part, aren't innovating: they're just facilitating consumer-merchant relationships.