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They've been using the VC money to buy up competitors (Memberful, Kit, Subbable). We need to look more closely at business models like this, where a new techno
by khawkins 8y ago
They've been using the VC money to buy up competitors (Memberful, Kit, Subbable).
We need to look more closely at business models like this, where a new technology starts gaining traction and insane amounts of money piles in to squash competition before it even begins. It's anti-competitive/anti-capitalistic and ends up hurting consumers in the long run as they force them to pay for the privilege of having nowhere else to go.
See also Grubhub.