Re:Venture Capitalists Are Deforming Capitalism
by jjeaff on Tuesday November 24, 2020 @12:43AM
(#25195656)
Maybe? Car services and taxi services kind of already validated product market fit long before Uber, lyft, etc.
While yes, they have some benefits that people like, but it's not clear that those services would have been able to compete against existing services without heavily subsidizing to undercut existing market players.
This is something we tend to take for granted with already-successful companies, but there was a time when everyone — even Uber and DoorDash — were struggling in obscurity to build something people would use.