4 ms·
Obviously 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
by not_paul_graham 13y ago
Obviously 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.