4 ms·
In Seattle we had HomeGrocer and it was awesome. Absolutely seemed like the future of groceries, they had great selection and especially great produce. The de
by femto113 7y ago
In Seattle we had HomeGrocer and it was awesome. Absolutely seemed like the future of groceries, they had great selection and especially great produce. The delivery people drove company vans (with a distinctive peach logo on the side) and wore a uniform (like UPS) and AFAIK were all full-time employees. Sadly they were acquired by Webvan and it all fell apart.
- clairity 7y agoi felt that way about the massachusetts-based lighthouse bank[0] founded in 2000 and unaffiliated with the current santa cruz-based lighthouse bank. high-interest checking, no-fee, internet-only bank. it was amazing until it got merged into brookline bank and essentially dissolved. [0] https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=821638 https://www.bloomberg.com/research/stocks/private/snapshot.a...
- astura 7y ago>high-interest checking, no-fee, internet-only bank. SoFi just launched this product, and they are even giving $50 referral bonuses on both ends to sign up (referer and referee). I'm really wondering if it's a sustainable business model.
- clairity 7y agoit's quite sustainable i'd bet. banks traditionally make money by lending most of its deposits to other people and earning interest on that lending. as long as the deposits are large enough, that interest should cover the fixed costs (employees, infrastructure) and the variable costs (paying out interest, referral bonuses) of providing the accounts. internet-only banks also lower their fixed costs by foregoing expensive retail square footage.