4 ms·
I agree. I also like 10% improvements.
by diegoperini 5y ago
I agree. I also like 10% improvements.
- danpalmer 5y agoSo do I! I'm not sure they justify multi-billion-dollar valuations though.
- amelius 5y agoYeah, someone wrote a CRUD app to do ride sharing and now somehow their worth is in the same ballpark as a semiconductor superpower.
- freewilly1040 5y agoA 10% improvement over an incumbent means a complete takeover of the industry.
- mantas 5y agoAssuming that incumbent does not improve...
- danpalmer 5y agoThese percentages are all subjective, I'm just trying to illustrate a point. I don't think it does mean a complete takeover. There are plenty of industries where being 10% cheaper doesn't mean you "win", and there are plenty where being 10% better doesn't either. In a world of perfect competition and perfect information it might, but it's well accepted that we do not live in that world.
- freewilly1040 5y agoIt's an odd argument to make in the context of Uber/Lyft, which have indeed "won" by any reasonable definition, and handsomely rewarded it's investors (which should be victims in the overhype / under deliver scenario).
- Bombthecat 5y ago10 percent improvement from a local small taxi company vs a worldwide company? It does make sense..
- marcosdumay 5y agoYou mean you don't like a bunch of rich people throwing money away so you get a 10% improvement on some service? I only have a problem with them trying to make it out on the IPO instead of making a profitable business. But this one can not go forever, or the public will wake-up, or the law enforcement will.