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Re:Munchery Shuts Down by manigandham on Monday January 21, 2019 @11:15PM (#18965956)
Technically, there is no such thing as a tech company. They are all selling something, usually software directly or better software-powered versions of existing industries.

Amazon is retail, AWS is IT, Google/Facebook are ad networks, Microsoft/Apple is hardware and software, etc.

Re:Munchery Shuts Down by twblalock on Monday January 21, 2019 @11:19PM (#18965971)
Let me put it this way:

Could people have put food in a box and mailed it to your house before the invention of computers? Yes.

Could people have offered computer hardware and software before the invention of computers? Of course not, that's silly.

Of course Microsoft and Google and Apple and Facebook are tech companies. It requires ridiculous reductionist contortions to argue otherwise.

On the other hand, Munchery could have existed at any time the USPS and Visa/Mastercard were operational. Restaurants have been delivering food for far longer than computers have existed.

Re:Munchery Shuts Down by manigandham on Monday January 21, 2019 @11:22PM (#18965979)
Do you think tech is just computers? Of course you cant offer computer software until computers are invented, what does that statement prove exactly?

Technology is scientific knowledge, strategies and processes used to solve problems. It's been around since the dawn of civilization and is used by every company to conduct and improve business.

Let me put this way: your average hospital has 1000x times more technology in use at any given moment then even the most silicon valley "tech" companies, but they are properly classified as healthcare companies.

Re:Munchery Shuts Down by twblalock on Monday January 21, 2019 @11:37PM (#18966029)
This is the kind of reductionism that blends everything together, which is useless. Nobody is better off for having thought this way. It just muddles everything together and there is no upside to doing it.
Re:Munchery Shuts Down by manigandham on Tuesday January 22, 2019 @12:07AM (#18966116)
Actually this is the opposite since it's clearly defining the kind of company based on what it actually produces and the industry it serves.

Reductionism is considering tech to only be something about computers and that only a handful of special companies are the only ones who use it. Perhaps you missed my statement about the hospital?

Re:Munchery Shuts Down by lazyasciiart on Tuesday January 22, 2019 @01:36AM (#18966429)
Nobody’s arguing about whether they use technology, but about whether their business is defined by technology enough to be called “tech companies”. Nobody refers to hospitals as “tech companies”?
Re:Munchery Shuts Down by manigandham on Tuesday January 22, 2019 @01:56AM (#18966503)
What does "business defined by technology" actually mean? Can you describe it clearly?

Since technology is applied science, why does a hospital using complex scientific machines to deliver healthcare not qualify but a company building a webapp to order food does? Where's the line exactly?

Re:Munchery Shuts Down by kkarakk on Tuesday January 22, 2019 @03:48AM (#18966939)
Can your whole online business be trivially replaced with a phonecall to a local service? congrats you're not a company that can succeed in the tech space because the competition is skyhigh.

Nowadays i'd say a tech company is defined by the "tech" it is implementing to disrupt/control the market. no disruption tech = waste of vc capital. "we do x better" isn't enough to last unless it's so radically better it is a new space(google's call screening feature could be spun off into it's own company for eg)

Re:Munchery Shuts Down by manigandham on Tuesday January 22, 2019 @09:29AM (#18968420)
What is the "tech space"? That's still conflating tech as just computing.
Re:Munchery Shuts Down by lazyasciiart on Tuesday January 22, 2019 @12:49PM (#18970390)
Yes. That’s how it is used.
Re:Munchery Shuts Down by solveit on Monday January 21, 2019 @11:39PM (#18966034)
The point is that the boundaries are being blurred. Is Amazon a tech company? Is Netflix? Is Netflix a tech company if they mailed you CDs instead of streaming the material?

Doing anything at scale pretty much turns you into a tech company these days.

Re:Munchery Shuts Down by twblalock on Monday January 21, 2019 @11:46PM (#18966060)
No, doing things that you could not do without the benefit of technology is what makes you a tech company. Obviously you can stretch the definition of technology to mean pretty much anything if you are not arguing in good faith.

I think all of us in 2019 have a fairly standard consensus understanding of what technology means in the context of this conversation and it would not be good to hijack that to mean anything you want it to mean.

Re:Munchery Shuts Down by manigandham on Tuesday January 22, 2019 @12:10AM (#18966124)
>> stretch the definition of technology to mean pretty much anything

The actual definition[1][2][3] of technology is applied science and knowledge for practical means. Narrowing the scope to fit arbitrary companies seems like the real stretch to me.

1. https://en.wikipedia.org/wiki/Technology

2. https://www.merriam-webster.com/dictionary/technology

3. https://www.open.edu/openlearn/science-maths-technology/engi...

Re:Munchery Shuts Down by swish_bob on Tuesday January 22, 2019 @07:49AM (#18967862)
So, when colour television was the cutting edge of technology, the TV companies were tech companies?
Re:Munchery Shuts Down by manigandham on Tuesday January 22, 2019 @12:15AM (#18966140)
No, there is no "tech company".

Amazon is retail, like Walmart has been. Netflix is media production and distribution, like Fox has been. Both have figured out new business models but that doesn't change the business that they're in.

Re:Munchery Shuts Down by IWeldMelons on Tuesday January 22, 2019 @06:54AM (#18967624)
Blurry boundaries do not mean no boundaries. Amazon, with their AWS services is squarely a tech company. Netflix arguably a bit less than say above-mentioned Amazon, but they do heavily depend on technology and innovate in that sphere, however are certainly less tech company than Xilinx, Motorola or International Rectifier, but certainly more than Domino or Papa Johns.
Re:Munchery Shuts Down by swish_bob on Tuesday January 22, 2019 @07:47AM (#18967853)
Netflix are a Media company.

They leverage some damn impressive technology, but their business is about delivering media for end user consumption, much like any of the TV companies during most of the 20th century, for example.

Re:Munchery Shuts Down by IWeldMelons on Tuesday January 22, 2019 @08:07AM (#18967944)
They can be both. I would not myself call Netflix call a tech company, but many people would, and I kinda see why. Munchery-punchery, OTOH are not technical at all, but certainly are hip.
Re:Munchery Shuts Down by lsc on Tuesday January 22, 2019 @03:02AM (#18966754)
> Technically, there is no such thing as a tech company. They are all selling something, usually software directly or better software-powered versions of existing industries.

Oh hush, you. You know how much extra they're paying us because they have low profit expectations? Let the investors keep calling it tech.

But seriously, I think one could make a distinction between companies that focus on using new technology to scale businesses (which are mostly old, but can be scaled in new ways using technology) vs. old businesses that focus on just remaining old businesses. The idea being that if you are a "tech" company, you are rolling the dice on being able to expand much harder/faster than a company could have with older technology, and also have significant downside in that regard. To be a 'tech company' in this regard is to be trying to get big in ways that make it more likely you will get big or go bankrupt, whereas a more traditional company might take a more conservative approach.

I mean, the important distinction here that the market is maybe missing is that if an old company puts enough effort (or rather, has enough success) scaling their business using new technology, they probably should be put in the same risk/reward bucket, and if you do succeed, well, you probably should no longer be thought of as a 'tech' company by this definition. Like I think you could argue that Apple might not be a 'tech' company by that definition (you could argue that they were a tech company when they figured out how to sell pocket computers to normal people - of course, you could also argue that they try to do that all the time, it's just they are at the point in their product development lifecycle where they have a super successful old product and none of their new stuff is really that visible.)

Re:Munchery Shuts Down by manigandham on Tuesday January 22, 2019 @09:31AM (#18968445)
That's not a very useful label then. They're just better executing companies in the sectors they're in, and sometimes it's older companies too as they innovate.
Re:Munchery Shuts Down by lsc on Wednesday January 23, 2019 @02:20AM (#18976370)
Your first sentence conflicts rather severly with your second. As an investor "better executing companies" are exactly what I want to invest in.

But personally, I think "higher risk" is a better descriptor of 'tech' than "Better executing" - by my definition, a tech company is applying new processes to their business that would not have been possible with older technology. That's a risky thing to do, and it can go badly and go well; It's easy to overestimate how useful a new technology is, or how much difficulty your traditional competitors will have competing with you.

Re:Munchery Shuts Down by baddox on Tuesday January 22, 2019 @12:48AM (#18966258)
Okay, but how is IT not tech? It’s right there in the name.
Re:Munchery Shuts Down by swish_bob on Tuesday January 22, 2019 @07:52AM (#18967877)
How many companies can you point at that don't rely on IT?

If relying on IT makes you a tech company, then basically everybody is. If what you provide is technology, then maybe you're a tech company, if what you do is provide a banking service, you're a bank. Try running a bank without using modern technology to the limit ...

Re:Munchery Shuts Down by baddox on Tuesday January 22, 2019 @11:32AM (#18969469)
AWS literally sells IT. That’s the point I was trying to make.
Re:Munchery Shuts Down by manigandham on Tuesday January 22, 2019 @09:33AM (#18968456)
Technology is vast, not a good label. IT is narrow and actually describes computing which is why AWS, Dell, HP, SAP, Oracle, etc are IT.
Re:Munchery Shuts Down by wonderofworld on Monday January 21, 2019 @11:30PM (#18966002)
I can understand the justification. The fact is they are relying on technology to reduce the greatest cost of operations ala personnel. This use of technology is providing data to improve logistics, menu normalization, ordering, onboarding and reducing things such as customer support by surfacing timely information to end users. Alerts on pickup, delivery, etc. It's believed that these efficiencies produce opportunities to improve the margin one percent at a time.

For their tech-driven-optimization methods; one could argue they are a tech company.

Re:Munchery Shuts Down by manigandham on Monday January 21, 2019 @11:36PM (#18966020)
Every company uses technology to improve their business operations. There's nothing special about that.

I think people just conflate software as tech. Using software to run a better food business just means you're a better food business.

Re:Munchery Shuts Down by fxfan on Tuesday January 22, 2019 @12:23AM (#18966170)
Microsoft, apple and google, Intel are pretty much at the forefront of information technology and/or electronic technology. Tesla is a great auto tech company. What are you talking about?