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comment by kleinbl00
kleinbl00  ·  2168 days ago  ·  link  ·    ·  parent  ·  post: The Entire Economy Is MoviePass Now. Enjoy It While You Can.

1) Come up with an idea dependent on monopoly control of the market

2) Spend like a sailor on leave until you have monopoly control of the market

3)???

4) Profit

(3) is always some variation of "once the customer has absolutely no other options we'll jack up the price until we make back our money times ONE MILLION BAJILLION PERCENT" without acknowledging that the only reason you have the market in the first place is your investors are subsidizing your prices so you can undercut and murder the competition.

Uber lost four and a half billion dollars last year paying people $3.50 an hour to drive their cars around with strangers in them. Their pathway to profit is unclear at best.





user-inactivated  ·  2168 days ago  ·  link  ·  
This comment has been deleted.
mk  ·  2168 days ago  ·  link  ·  

As long as Wall Street will take these companies off their hands, then IPO is #3, and that's where the VC profit. The customer is the VC!

HGL  ·  2168 days ago  ·  link  ·  

Sell it to your pension fund - profit

user92  ·  2168 days ago  ·  link  ·  

These shaky business models have to be a function of too much easily accessible investment money. And how that's not indicative of a bubble is beyond me.