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You need to figure that 50% of people won't ever sign up for a service like this because they're just content to do nothing, and you should figure that this com
by anoncoward111 8y ago
You need to figure that 50% of people won't ever sign up for a service like this because they're just content to do nothing, and you should figure that this company will find a way to spend a lot of the money theyre given
- ohazi 8y agoI did. > Let's say the success case for one of these companies is to capture 10% of that market > That's almost half a billion in revenue[1] per year. [1] Not profit
- anoncoward111 8y agoApologies, I misread :( They're only starting in NY and Cali, which I estimated to be about 7 million dogs that needed walking. Additionally, Uber and Lyft combine to do $8 billion in revenue per year, operating at much larger scale with much larger demand and averagr sale price. So I think $500M a year is optimistic. I would expect this type of startup to do more like $50M a year in revenue with a modest loss, and the users are then sold peripheral pet services.
- ohazi 8y agoThat's fair. I was thinking more along the lines of what an investor might consider a long-term / endgame success case for the company. I would definitely expect them to be pulling in far below that for a long time.
- astura 8y agoI believe they are everywhere, I've used rover and I'm not in NY or CA or even main city.