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They're not going to go under per se, because I think the customers are probably pretty valuable. I think a more vivid hint as to their future is in their choos
by rhizome 10y ago
They're not going to go under per se, because I think the customers are probably pretty valuable. I think a more vivid hint as to their future is in their choosing someone from Simply Hired as their new (7/16) CEO: positioning Munchery for acquisition in a crowded marketplace.
- Analemma_ 10y agoHonestly, I don't agree that the customers are very valuable. There doesn't seem to be either loyalty or lock-in with these delivery startups: as soon as they raise their prices, people just uninstall the app and grab another one. I don't see anything worth acquiring here, so an IPO is pretty much it for an exit strategy, if they can last that long.
- rhizome 10y agoCould be, but the fact remains that they chose a new CEO whose most recent experience was winding a company down into acquisition.