Re:A 125-year-old delivery network that feeds Mumbai
by abdullahkhalids on Sunday May 17, 2020 @03:10PM
(#23214439)
A coop operating alone in this space, or competing with other coops, would definitely make a profit. But a coop can't compete with a VC backed startup that will use every legal, illegal, ethical and unethical trick in the book it can get away with to, to destroy its competitors.
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Re:A 125-year-old delivery network that feeds Mumbai
by nicoburns on Sunday May 17, 2020 @07:44PM
(#23216613)
> But a coop can't compete with a VC backed startup that will use every legal, illegal, ethical and unethical trick in the book it can get away with to, to destroy its competitors.
Yes, and I think aspect of capitalism is under-discussed. The conventional narrative is that it doesn't matter how much wealth somebody else (or some other company) has. You can compete on your own merit.
But companies like Uber and other VC-backed "unicorns" show otherwise. They can afford to give away their product for free on the back of money that they didn't earn in any meaningful way. And it completely breaks the model.