2 ms·
I don't know, I thought pets.com was stupid then, and chewy.com is stupid now. The main difference is the Chewy guys were smart enough to cash out before the bu
by ProjectArcturis 5y ago
I don't know, I thought pets.com was stupid then, and chewy.com is stupid now. The main difference is the Chewy guys were smart enough to cash out before the bubble burst again, rather than spending their cash on stadium naming rights.
- _dark_matter_ 5y agoI have no skin in the game, but I buy things on Chewy because I trust them more than Amazon to not surface cheap crap, and their reviews are better. I checked and it looks like they're revenue positive with >500M cash on hand. They may not be worth their current stock price but I imagine they're going to survive as a company just fine.
- dntrkv 5y agoPets.com had a lifetime revenue of $6M. Chewy.com did $7.1B last year. That’s the difference between 1999 and today.
- paulmendoza 5y agoVCs are now demanding real revenue these days. Same for public companies. You can still be losing money but as long as there is real revenue growth then it works. Eyeballs or app installs isn’t enough anymore. That’s why I don’t see a crash either.