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"The market can remain irrational longer than you can remain solvent." -- J.M. Keynes Also applies to competitors of Venture funded vortexes like Uber/Lyft/Doo
by olefoo 6y ago
"The market can remain irrational longer than you can remain solvent." -- J.M. Keynes
Also applies to competitors of Venture funded vortexes like Uber/Lyft/Doordash.
Sure, in the long run your cloud kitchen with guest chefs and nifty social networking features might be a more sustainable model in the long run. But you'll never find out because your effort will be murdered by Uber's marketing spend.