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Even the VCs ultimately don't make a profit on it. I think the only winners here are the employees of the delivery companies who get paid hefty salaries to work
by Nextgrid 4y ago
Even the VCs ultimately don't make a profit on it. I think the only winners here are the employees of the delivery companies who get paid hefty salaries to work on a guaranteed failure.
- bombcar 4y agoThe VCs could make money if everyone became dependent on it, they drove the actual delivery restaurants out of the market, and then jacked prices. But I don’t see Dominos dropping delivery.
- Nextgrid 4y agoOnly one company must win for this to work. If they compete (and use their respective VC’s money to subsidise orders) then they all lose.
- slotrans 4y agoThe early VCs make money as long as they can sell their stake to a different set of VCs in a later round. The later VCs make money if the thing IPOs before the universe proves it can never be profitable (as with Uber).