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From another perspective, becoming the market leader might mean that a lot of consumers are convinced you’re selling the best thing on the market because you’re
by gbear605 7y ago
From another perspective, becoming the market leader might mean that a lot of consumers are convinced you’re selling the best thing on the market because you’re the only thing on the market because you bankrupted all the other choices. The venture capital growth-at-all-costs model results in monopoly or near-monopoly conditions, which is horrible for consumers. If your business doesn’t have competition, you’re probably hurting your customers.
- SpicyLemonZest 7y agoI suppose I can imagine the scenario, but have any VC-backed companies actually grown big in that way? Doordash is the closest example I can think of, but unless you're considering restaurants rather than end users as their customers, it seems pretty uncontroversial to say that it's been good for customers. Alternatives exist, and both Doordash and the alternatives have significantly expanded the range of foods most people can get delivered.
- throwaway2048 7y agouber's model is/was essentially putting their competition (taxis) out of business with VC subsidized rides.
- SpicyLemonZest 7y agoTaxis are still in business in every city I’m personally familiar with. Are there other cities where they’re gone?