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> which wouldn't get the same buzz or VC valuation. But a local, profitable delivery service wouldn't need to be a VC-funded business. It could start out very
by greenyoda 7y ago
> which wouldn't get the same buzz or VC valuation.
But a local, profitable delivery service wouldn't need to be a VC-funded business. It could start out very small, serving just a handful of restaurants in a single neighborhood. If it caught on, other restaurants could join in and it would grow.
It wouldn't need "buzz" either, since it would only need to market itself to restaurants, not to consumers (who would deal directly with the restaurant in the proposed scenario).
- poulsbohemian 7y ago>But a local, profitable delivery service wouldn't need to be a VC-funded business. It could start out very small, Which might not be sexy, might not make you rich overnight if ever, but gosh darn it might send the next X generations of your family to college debt free and put a pool in the backyard. We spend so much time in this world chasing financial engineering rather than focusing on business fundamentals.
- greenyoda 7y agoMost VC-funded businesses won't make you rich either, since most of them fail.