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I think the margins are terrible, way worse than tech that's for sure.
Everything has tradeoffs. I’d guess a successful tech startup is 10-100x harder to achieve than a successful small restaurant.
Hmm I feel like the odds are the same but the upside is way better with tech since marginal cost of adding users is low to zero unlike food. I have seen busy and popular restaurants go out of biz.
I’d bet that popular restaurants outside of extreme cost places like NYC/SF go out of business due to having too much space (high fixed costs) and/or too many things on the menu (inventory/spoilage). Small, popular restaurants w/limited menus don’t go under.
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When is it a good idea to start one?