We’re F*cked, It’s Over. Or Is It?
medium.com
medium.com
In the end they ditched their "sharing" economy model of food production and delivery, rented a kitchen and hired staff, and became a delivery service with a teeny tiny menu.
It may be successful; the model is as old as civilization and the market allows for new entrants. But it's not easy.
Similarily, claiming that "fast food is dying" is because they haven't realized what most fast food engineers have discovered through many years of iteration: at scale, the masses prefer salty, greasy food with habit forming taste characteristics.
Still, I wish them luck in their current business.
> One month to set up a new business (rent a kitchen, hire a chef, hire motorbike drivers, create the menu, design logo, website, build mobile app for drivers, build first version of the routing algorithm plus complete all the legal and admin paperwork).
So... they opened a delivery restaurant with its own app?
Now add a deep learning routing algorithm with a reactive architecture running in containers in the cloud and we're talking about a billion dollar exit. Easy.
But then we pivoted and just opened a bar.
But kudos to them for the clever marketing - they got me to read about them, which I guess is the only point.
How disappointing.
ugh.
"revenue"
0 results
backspace x7
"margin"
0 results
backspace x6
"profit"
0 results
backspace x6
"cost"
0 results
give up on meaningful data x1
Good content marketing though.