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How can you be a tech company and expect to make tech company margins when all you do is aggregate demand, parking spots and valets to match them. Luxe making $
by vadym909 9y ago
How can you be a tech company and expect to make tech company margins when all you do is aggregate demand, parking spots and valets to match them. Luxe making $3/hr x 200 valets and maybe a bit more on the parking arbitrage during peak hrs.
Sounds like any of the local garage joints. I feel some markets are best left fragmented.
- eldavido 9y agoNot sure about "fragmented" but perhaps not VC-appropriate. This stuff will all go away once (a) the non top-tier investors realize their entire portfolios are underwater and (b) interest rates rise a bit. Stepping back, it is pretty remarkable that a company I've heard of, with a launched product and some degree of use, just _fails_ like this. Tech entrepreneurship is hard.