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I can see how their leadership is a bit bush league and they are potentially overvalued, but it’s not obvious to me that their basic value proposition sucks or

I can see how their leadership is a bit bush league and they are potentially overvalued, but it’s not obvious to me that their basic value proposition sucks or is that far off the mark.

jonknee 7y ago
They sell things for less than cost at scale, what basic value proposition is that? Read that S-1, it's an absolute hot mess.
- munificent 7y ago
  > They sell things for less than cost at scale, God, I love this phrase so much. It's such a brilliant stab at many of these recent unicorns. "Oh you think they can burn money fast, well watch how fast we burn it! We're number one!"
  - mrguyorama 7y ago
    "We lose money on every transaction but we'll make it up in volume!" was literally the rallying cry of the DotCom boom/bust. It's not new