Re:Startups that were massively funded that died in 2017
by jogjayr on Monday July 10, 2017 @03:29AM
(#14734006)
Luxe is basically an opposite bet to Uber. To invest in Uber is to be long on a future with no personal car ownership and, eventually, self-driving automobiles available on-demand. Whereas, it seems to me at least, that continued, and growing, personal ownership of cars is practically a requirement for Luxe to become a unicorn.
EDIT: changed "self-driven" to "self-driving"
Re:Startups that were massively funded that died in 2017
by notyourday on Tuesday July 11, 2017 @04:44PM
(#14747872)
If Uber and Lux were public then the correct bet would have been to bet on both of them.
Re:Startups that were massively funded that died in 2017
by jogjayr on Wednesday July 12, 2017 @02:47PM
(#14755343)
In effect that's what VC has already done for us, right?
Re:Startups that were massively funded that died in 2017
by notyourday on Wednesday July 12, 2017 @08:01PM
(#14757718)
Not really.
Properly hedging requires constant adjustment of the steak to lock in the "winnings" and replacing the losing company with a different one that does similar things but has better management.
It's not much different from food delivery (or grocery delivery), but it seems hard to make a profit. Food delivery companies from arbitrary restaurants have been a thing for a long time, it's great that now there's enough floating VC money to support lots of competition, maybe this time one of them will find out how to be profitable. And the VCs of that one will make a handsome return.