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There's always a market for VC subsidized consumer services. What's in dispute is whether there's a market for these services when they reflect their true unsub
by koolba 6y ago
There's always a market for VC subsidized consumer services. What's in dispute is whether there's a market for these services when they reflect their true unsubsidized costs.
If food (or grocery) delivery companies cannot turn a profit during a pandemic, there's no way they're going to turn a profit when the majority of people return to in person dining or pickup. Groceries and restaurants have terrible margins already. There's just not enough pie to give a meaningful slice to middle men facilitating payment and delivery.
- boringg 6y agoTurn a profit? No these companies are taking all revenues and deploying it back into the company to continue to grow operations. They will be loss taking companies until they get market share and then Extract profits once they have market share or die trying.