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There is nothing defensible about this business model. It's entering a crowded category with entrenched players who have far deep pockets and can negate all of
by sacnoradhq 3y ago
There is nothing defensible about this business model. It's entering a crowded category with entrenched players who have far deep pockets and can negate all of this startup's so-called advantages. It's really about the worst kind of business to enter besides the restaurant industry.
- funnymony 3y agoWhy restaurant business is bad for you?
- brabel 3y agoNo OP, but restaurants are the most competitive industry possible. Anyone can start a restaurant, and lots of people want and can do it. Because it's intrinsically a physical business, the market reach is limited to a small area unless it's in downtown or a highly trafficked area - where it also costs a lot more in rent. There's almost no way to make a restaurant profitable as many restaurants are a labour of love, basically.
- sacnoradhq 3y agoAs an interesting historical legend, Sequoia Capital invested in Il Fornaio, an Italian restaurant chain. It's not a grand concern but it has endured as an okay restaurant. Darden, OTHO, is a sizeable corporation that's growth oriented and has acquired some good regional chains. McDonald's, etc. are really real estate companies.
- mongol 3y agoIn that case they need to negotiate with Washington first, to remove the legislation that sets them apart from this startup.