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Is this Justin's 3rd or so exit? Anyone know why he decided to exit the market so quickly? I got the sense that exec was just getting off the ground.
by imjk 13y ago
Is this Justin's 3rd or so exit? Anyone know why he decided to exit the market so quickly? I got the sense that exec was just getting off the ground.
- not_paul_graham 13y agoObviously I'm just guessing, but: I assume that the margins weren't just there, given they took 20% of $25, they'd need crazy volumes to be profitable or even break even. They weren't growing fast enough? "merging" with Handybook provided better synergies a well established vertical + market share in NYC & SF for the combined entities. Also, I think that cleaning is a crowded market, and Handyman services seems like a market that has higher potential for growth.
- rm445 13y agoIt seems like the business-as-a-startup failed, but remained as a normal cleaning company: the kind that might provide a perfectly good living to someone motivated to manage a herd of cleaners, but not a massively-growing software-based company.