I don't understand why Uber has negative unit economics, though. There was a lot of waste in the taxi system due to bad matching of supply and demand. Do you have any insight into where I'm off?https://twitter.com/tacertain/status/1194124161733419009?s=19 …
To paraphrase Margaret Thatcher: “the trouble with negative unit economics is that you eventually run out of other people’s money.”https://twitter.com/sarahmei/status/1193972358366691328 …
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1. I’m not sure they do. 2. But assuming they do, it’s not inherent to the business - it’s due to artificially low prices from cheap-capital-fueled competition with Lyft. Once capital dries up, prices will have to rise - we’ll see how (in)elastic demand is and what biz looks like
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Margie is the OG east cost VC
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#Geeq needs to get out of the fixed cost phase and then it's Winning for everyone. That's what happens when social value is produced in a voluntary system with no central control! In Singapore? Find me and let's celebrate how Geeq automatically pays costs plus for network svcsThanks. Twitter will use this to make your timeline better. UndoUndo
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