9 ms·
An article called "The Slow-Motion Trainwreck Facing the Meal-Kit Industry" relates how the meal-kit industry faces the same problem(s) as Groupon: "The proble
by 127001brewer 9y ago
An article called "The Slow-Motion Trainwreck Facing the Meal-Kit Industry" relates how the meal-kit industry faces the same problem(s) as Groupon:
"The problem Groupon faced was that their initial success validated a model that anyone could copy, and everyone who copied it increased both Groupon’s cost of customer acquisition and its churn rate."
https://medium.com/@byrnehobart/the-slow-motion-trainwreck-facing-the-meal-kit-industry-345f14df45ad https://medium.com/@byrnehobart/the-slow-motion-trainwreck-f...
- acchow 9y agoWait, isn't this how capitalism works? Can someone explain what I'm missing here?
- ams6110 9y agoYes, ideally in a competitive market for something that is a "commodity" type of good, profits fall to (near) zero. Not what VC investors are looking for.
- tim333 9y agoIndeed https://news.ycombinator.com/item?id=14646679 https://news.ycombinator.com/item?id=14646679 315 comments