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I'd argue that Homejoy's real competition is Handy, which seems to be alive and well. I'm surprised the article didn't mention Handy at all, because it is the m
by rdli 11y ago
I'd argue that Homejoy's real competition is Handy, which seems to be alive and well. I'm surprised the article didn't mention Handy at all, because it is the most relevant comp for Homejoy.
- m0llusk 11y agoThe real story here is that Handy outcompeted Homejoy and disrupted their business. Both companies define ladders for professionals to climb by claiming and servicing more bookings and receiving high ratings. Pay for pros at the top of the Homejoy ladder was the same as starting pay at the bottom of the Handy ladder. Pros quickly started to favor Handy starting with the top performers. This is an effective demonstration of the utility of a rather small change to the balance toward quality as discussed in the article.