Re:Why Homejoy Failed and the Future of the On-Demand Economy
by pbreit on Saturday August 01, 2015 @03:23AM
(#9986256)
Finally someone states the obvious that Homejoy's problems had little to do with employee classification and far more to do with the basic business model (trying to convert a match-making situation into a transactional business) and sloppy execution.
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Re:Why Homejoy Failed and the Future of the On-Demand Economy
by danieltillett on Saturday August 01, 2015 @05:54AM
(#9986508)
I want to know how all the smart money missed these obvious problems? I don't blame Adora and co for trying, but where were the adults.
Re:Why Homejoy Failed and the Future of the On-Demand Economy
by chakkop on Saturday August 01, 2015 @06:04AM
(#9986519)
Basically don't overestimate how much the 'adults' understand. There is a huge amount of hand-waving, FOMO, leaps of faith, etc... by VCs when they make (and manage) investments. When things work, they are explained ex-post facto in visionary terms. When they don't... people forget soon anyway.