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> Amazon correctly identified the opportunity but failed in the execution Everyone failed in execution because nobody has done it profitably yet. Maybe the op
by Judgmentality 6y ago
> Amazon correctly identified the opportunity but failed in the execution
Everyone failed in execution because nobody has done it profitably yet. Maybe the opportunity doesn't actually exist?
- aerosmile 6y agoFrom elsewhere in this thread: > In the first 3 quarters of 2020, Doordash has $131 million loss on $1.9 billion revenue If a startup starting from 0 can pull that off, Amazon should have been able to do (even) better with their customer base and logistics know-how + infrastructure.
- CrazyStat 6y agoI don't see how Amazon's logistics and infrastructure translate to restaurant delivery. They can't stock orders in their warehouses.
- aerosmile 6y agoAmazon has built a delivery network that is almost on par with DHL and others. I would say that's not only a pretty good starting point to get involved in restaurant delivery, but would also increase the utilization of the delivery vehicles (think Uber Eats).
- CrazyStat 6y agoAmazon's delivery network is built around pre-optimized multi-hour routes. Like DHL and others it's completely unsuited for restaurant delivery.
- peteradio 6y agoHow is losing money a positive? Amazon should have been able to lose even more given more of an investment? Amazon realized its bound to be a big loser and left it.
- aerosmile 6y agoEven the most conservative investors will look at a loss as a percentage of revenue and not in isolation. Decades of business experience have shown that a low loss ratio in a fast growing business is a good investment opportunity.