3 ms·
30%. Thirty freakin percent. Plus a delivery fee. And they can't turn a profit? That's not a business model that can be fixed by optimizing some conversion rate
by monkeybutton 5y ago
30%. Thirty freakin percent. Plus a delivery fee. And they can't turn a profit? That's not a business model that can be fixed by optimizing some conversion rate or efficiency factor by any reasonable percentage.
- potatolicious 5y ago> That's not a business model that can be fixed by optimizing some conversion rate or efficiency factor by any reasonable percentage. Many, many people made this exact case during the heyday of gig economy companies. Many a VCs and investors (including those who run this illustrious site) mocked this criticism as that of know-nothing haters who simply could not understand the brilliance of the minds behind these operations.