[hotpotamus]

I've never really gotten this. We can speculate about the intelligence of VCs, but I assume most of them know a bit of basic math. I wonder if perhaps they are so deep into a bubble of wealth and privilege that to them, spending $50 for a (cold by the time it arrives) burger seemed reasonable. Perhaps they thought that once everyone could experience this for an amount of money they find trifling, it would catch on?

I've used these services a time or two just to see what the fuss is about and I don't get it myself.

[mym1990]

The VCs are hoping to hype the product enough in the early stage to achieve a lucrative exit, and do that 10% of the time(or whatever). What happens with the product once the company is public is not of their concern.

[johnnyanmac]

>I've used these services a time or two just to see what the fuss is about and I don't get it myself.

It's similar to fast food itself. convenient and cheap. these days the latter is falling off the wayside (again, just like modern fast food). It was invaluable during a pandemic to help encourage social distancing, but even if it was still cheap it was bound to fall off a bit (probably not to pre-pandemic levels, but no longer record customers).

>I wonder if perhaps they are so deep into a bubble of wealth and privilege that to them, spending $50 for a (cold by the time it arrives) burger seemed reasonable.

As others have mentioned, it's more a matter that VC's aren't necessarily looking to be the next big tech company. Many are looking for a profitable IPO and then move on to the next company. Lots of problems with enabling that model to begin with, but that's a whole other bucket of worms.

[sokoloff]

> convenient and cheap

But it’s neither of those things, assuming you believe (as I do) that receiving food that should be hot but is cold isn’t convenient.

[rendang]

A lot of Americans can't "reasonably" spend $25+ on a single delivery meal but do anyway, probably quite often on 25% APR credit cards

[bubblethink]

They work kind of OK in dense expensive cities like SF or NYC where people don't drive as much. Less so in other sparse areas where driving and picking up or even eating out is less of a hassle. I think you're using $50 as hyperbole; more realistically, a $20 takeout becomes $30 with delivery, and a lot of people seem to be OK with that.

[acchow]

These services are very popular. Just look at DoorDash's explosive growth. It's not only out-of-touch VCs that like ordering food.