3 ms·
You see daily deals as a consumer product, it's not, it's a product for solve a business problem, the problem of yield management. Hundreds of billions of dolla
by ig1 15y ago
You see daily deals as a consumer product, it's not, it's a product for solve a business problem, the problem of yield management. Hundreds of billions of dollars are lost every year by wastage (everything from empty theatre seats to hairdressers sitting around waiting for customers on quiet days).
Pretty much anyone who raises more than a couple of VC rounds is working on a billion+ dollar market. It might not be your favourite problem, but it's a problem the free market has attached a high value to.
- mrkmcknz 15y agoI don't believe daily deals is the solution to wastage in small business or large ones alike. Or if it is, I really don't think it's being used for that purpose. But I agree there might be real problems that aren't to my liken but are situated in a large billion dollar market. I just get the feeling that these businesses are extremely cyclic and not many will be around in ten years time.