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I’ve wondered this because I’ve “just not understood how they can lose money.” I suppose during bankruptcy someone can buy their matchmaking tech and IP and re
by prepend 5y ago
I’ve wondered this because I’ve “just not understood how they can lose money.”
I suppose during bankruptcy someone can buy their matchmaking tech and IP and relaunch without all that debt and overhead. Seems like a good target for someone to just run and pump cash out of as there should be a way to make money out of “market rate” * 15% fee for matchmaking.
I mean taxis were profitable and this is just a better taxi algorithm since the automate the multiple drivers sharing a cab process.
- beckman466 5y ago> I suppose during bankruptcy someone can buy their matchmaking tech and IP and relaunch without all that debt and overhead. Seems like a good target for someone to just run and pump cash out of as there should be a way to make money out of “market rate” * 15% fee for matchmaking. I don't see that happening but do you have examples where that strategy has worked (in tech)?
- prepend 5y agoIridium networks [0] initially launched with lots of capital and kind of only made it after stuff was sold at bankruptcy prices. Although I don’t think they are phenomenally successful. I think there were a few dot coms that got bought out of bankruptcy by larger firms, maybe pets.com and toys.com (although toysrus is gone now). Polaroid [1] too although I think that’s more branding than technology. [0] https://en.wikipedia.org/wiki/Iridium_Communications https://en.wikipedia.org/wiki/Iridium_Communications [1]
- lallysingh 5y agoMatchmaking tech is likely cached A*. The rest is duplicated by mapbox and square.
- duped 5y agoThe value is in their user base and driver portfolio. If they're worth anything, it's the contracts they have with drivers and cities to host an automated taxi dispatching service via mobile phones.