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One doesn't deserve a high valuation just because the problem they are solving is hard. The company he came from, Amazon, has more cash than anyone could raise
by oculusthrift 10y ago
One doesn't deserve a high valuation just because the problem they are solving is hard.
The company he came from, Amazon, has more cash than anyone could raise. They have logistical expertise and are perfecting same day shipping at a national scale.
They also offer Amazon "Fresh" which is essentially the same service except they don't skirt labor laws by classifying their employees as contractors.
And non-tech people actually trust Amazon and order quite a bit from them.
For them to succeed outside of a few big cities would require gross negligence and incompetence by Amazon, which isn't impossible. But seems unlikely.
- envy2 10y ago> They also offer Amazon "Fresh" which is essentially the same service except they don't skirt labor laws by classifying their employees as contractors. At least in DC, the Amazon Fresh (and Prime Now) drivers are definitely just random people in their own car, the same as Instacart.