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This feels like online businesses around 2000, where people have identified the problem and know the tech they can use to solve it, but the companies trying to
by mbg721 4y ago
This feels like online businesses around 2000, where people have identified the problem and know the tech they can use to solve it, but the companies trying to do it aren't the ones that can make the business side stick.
- CPLX 4y agoExactly. I was around back then too. It is pretty hard to make a user experience seamless and there’s a lot of industries where the user experience is needlessly complex and inflexible. The fact that it hasn’t been fixed yet doesn’t really prove it’s impossible. The rental apartment market is just obviously one of those industries.
- notahacker 4y agoFeels more like a classic late 2010s bubble "tech" business. A business model that's been around for years, is minimally affected by tech, the guy proposing to build a "tech company" out of it is a self-dealing conman and the VC's exit strategy is presumably to achieve rapid growth by selling below cost price before offloading to greater fools who think the advantage over incumbents is a tech moat, not VCs underwriting losses
- mbg721 4y agoBeing in the business of extracting oil from snakes is one way to fail, but that doesn't mean there isn't a viable market there.