3 ms·
Most tech/VC folks: DoorDash, UberEats, GrubHut, etc are great for restaurants! Most restaurant owners: these guys are squeezing us of almost all profit margin
by aloukissas 6y ago
Most tech/VC folks: DoorDash, UberEats, GrubHut, etc are great for restaurants!
Most restaurant owners: these guys are squeezing us of almost all profit margin with the argument "good luck doing any business without us" (platform fees are often 40% of the ticket, or more).
Huge disconnect of realities.
- Jommi 6y agoHaven't really seen the former ever. Any links to those kinds of comments?
- aloukissas 6y agoFollow any investor on Twitter. Any negative comment that reads like "delivery startups are bad for the restaurants" turns into "yes, but look at all the revenue they're bringing". The more I talk with restaurant owners (almost daily), I'm convinced that a competitor that looks like Shopify (mostly fixed cost vs huge % of the check) will come in. And they may be many of them, perhaps local (not nation/global-wide like today).
- Jommi 6y agoAny links?
- ummonk 6y agoJust VC folks, not tech folks.