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It had product-market fit. But, was a no-margin business. Although Uber is the same, it makes it up with surge pricing. Still, it was a good try and I am sure s
by manidoraisamy 11y ago
It had product-market fit. But, was a no-margin business. Although Uber is the same, it makes it up with surge pricing. Still, it was a good try and I am sure some startup will figure out a business model in future.
- dylanjermiah 11y agoMany people said their product wasn't very good, in the last HN thread.
- cblock811 11y agoYup. They grew well but their quality didnt scale with them. I imagine their churn was horrendous, because when I left their platform there was nothing to try and recapture me.
- manidoraisamy 11y agoI think quality was the result of no-margin business. They could have fixed it (through training & skilled/hired employees) if they had good margins. Today's TC article was bang on - http://techcrunch.com/2015/07/31/why-homejoy-failed-and-the-future-of-the-on-demand-economy/ http://techcrunch.com/2015/07/31/why-homejoy-failed-and-the-...