3 ms·
Once they've built the app, almost every one of their costs aside from executive salaries (!) is a recurring per-unit cost -- paying the drivers, buying the foo
by jbooth 13y ago
Once they've built the app, almost every one of their costs aside from executive salaries (!) is a recurring per-unit cost -- paying the drivers, buying the food, the gas, etc.
Still sounds more like 100k bank-loan material than 10M VC material to me. The only way that 10M makes sense is if they're running a per-unit loss. Doesn't cost 10M to build that app.
- beat 13y agoThey were a Y Combinator company. They're drinking the kool-aid, for sure. But seriously, this sounds much more like a VC play than a bank play to me. There are real cost/performance advantages to their model. This could scale to a billion dollar company. That's the sort of thing that attracts VC, which is much easier and more flexible than a bank loan - IF you're talking about real scale potential.