3 ms·
>>you can make a business viable by pumping a lot of cash into it, you can actually crowd-out a lot of good businesses with bad, albeit well-funded ones. Yup
by toss1 5y ago
>>you can make a business viable by pumping a lot of cash into it, you can actually crowd-out a lot of good businesses with bad, albeit well-funded ones.
Yup
And in most of the gig economy, it appears that that the only winning move is to not play. The exceptions are only certain circumstances such as where one can do arbitrage between economies, e.g., computing nomad living in a very low-cost economy but selling services in the US or EU. Otherwise, every account I've read of Uber/Lyft drivers is which way they are losing the most money after being lured in by promises of good income...