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This line is what I think of whenever the cryptocurrency vitriol comes out here: """ Pets.com was mocked, but Chewy is now a $30 billion business. Webvan fail
by abetusk 5y ago
This line is what I think of whenever the cryptocurrency vitriol comes out here:
"""
Pets.com was mocked, but Chewy is now a $30 billion business. Webvan failed, but Instacart and UberEats are now thriving. eToys was a joke, but now look at Amazon. Some of the biggest businesses of the last 10 years are all in industries that were the starkest examples of stupidity 20 years ago.
"""
- pfdietz 5y agoThey laughed at Galileo, but they also laughed at Bozo the Clown.
- b3morales 5y agoTaking this as a lesson is just survivorship bias, unless all the failed 90s companies have had their business plans replicated. Some ideas are ahead of their time; some are just bad.
- the_cat_kittles 5y agojust because something is profitable doesnt make it not stupid.
- cosmojg 5y agoIf Bitcoin is the new Pets.com, what's the new Chewy? How long will it be until we find out?
- ransom1538 5y agoIMHO Federal reserve backed crypto.
- mehlmao 5y agoChewy isn't profitable yet, is it? All of the new and successful example businesses (save Amazon) only exist because of money being thrown around, and can't sustain that forever.