[apalmer]

This to me is what killed delivery as a service. It doesn’t work even when they are charging what works out to be double the salary the restaurant pays its own delivery people. And it works out for no one, restaurant, driver, even the delivery as a service providers since they are all hemorrhaging money.

It’s a fake industry held up by VC money.

[Nextgrid]

Even the VCs ultimately don't make a profit on it. I think the only winners here are the employees of the delivery companies who get paid hefty salaries to work on a guaranteed failure.

[slotrans]

The early VCs make money as long as they can sell their stake to a different set of VCs in a later round.

The later VCs make money if the thing IPOs before the universe proves it can never be profitable (as with Uber).

[bombcar]

The VCs could make money if everyone became dependent on it, they drove the actual delivery restaurants out of the market, and then jacked prices.

But I don’t see Dominos dropping delivery.

[Nextgrid]

Only one company must win for this to work. If they compete (and use their respective VC’s money to subsidise orders) then they all lose.

[propogandist]

most of the VCs dumped these POS companies onto retail investors by going public

personally I would to like to see their share prices go to zero