Every experience I had with Shyp was flawless. Very sad to see them go.
Ditto! I agree it's something needed, sorry to see it shutdown.
How Shyp Sunk: The Rise and Fall of an On-Demand Startup
11–20 of 26 posts
Re: How Shyp Sunk: The Rise and Fall of an On-Demand Startup
#12If there's no demand at a true-cost price point, it means there's no demand.
You can artificially inflate market interest by selling $20s for $10, but don't take that to mean you can later increase price to $30 and reach profitability.
Re: How Shyp Sunk: The Rise and Fall of an On-Demand Startup
#13[deleted]
Re: How Shyp Sunk: The Rise and Fall of an On-Demand Startup
#14CEO Gibbon talk sums it up.
- prematurely scaled, charging deep discount price of $5 with the help of $65 Million VC money.
Looking back, Gibbon says that “the investment we took, everything we got, wasn’t warranted for where the business was at. And I think that really hurt us. The expectations were way too high. We had a lot of capital. We had to deploy it. And I don’t think we were ready to do that. We prematurely scaled.”
Re: How Shyp Sunk: The Rise and Fall of an On-Demand Startup
#15All I remember about Shyp is when TJ Miller called a Shyp employee a "bitch" at the Crunchies: https://www.youtube.com/watch?v=ZZ1qcD6isI8 Sorry for the gossip.....
"'Shyp' It's like FedEX, but spelled wrong."
Re: How Shyp Sunk: The Rise and Fall of an On-Demand Startup
#16Here is Gibbon's post about Shyp shutting down:
https://www.linkedin.com/pulse/i-cant-wait-you-see-what-we-d...
Re: How Shyp Sunk: The Rise and Fall of an On-Demand Startup
#17CEO Gibbon talk sums it up. - prematurely scaled, charging deep discount price of $5 with the help of $65 Million VC money. Looking back, Gibbon says that “the investment we took, everything we got, wasn’t warranted for where the business was at. And I think that really hurt us. The expectations were way too high. We had a lot of capital. We had to deploy it. And I don’t think we were ready to do that. We prematurely…
"charging deep discount price of $5 with the help of $65 Million VC money"
Your comment reminds me of the pizza company in the most recent episode of Silicon Valley.
Re: How Shyp Sunk: The Rise and Fall of an On-Demand Startup
#18CEO Gibbon talk sums it up. - prematurely scaled, charging deep discount price of $5 with the help of $65 Million VC money. Looking back, Gibbon says that “the investment we took, everything we got, wasn’t warranted for where the business was at. And I think that really hurt us. The expectations were way too high. We had a lot of capital. We had to deploy it. And I don’t think we were ready to do that. We prematurely…
"charging deep discount price of $5 with the help of $65 Million VC money" Your comment reminds me of the pizza company in the most recent episode of Silicon Valley.
It's not any different from Uber, as well
Re: How Shyp Sunk: The Rise and Fall of an On-Demand Startup
#19CEO Gibbon talk sums it up. - prematurely scaled, charging deep discount price of $5 with the help of $65 Million VC money. Looking back, Gibbon says that “the investment we took, everything we got, wasn’t warranted for where the business was at. And I think that really hurt us. The expectations were way too high. We had a lot of capital. We had to deploy it. And I don’t think we were ready to do that. We prematurely…
"charging deep discount price of $5 with the help of $65 Million VC money" Your comment reminds me of the pizza company in the most recent episode of Silicon Valley.
Except Sliceline, in the HBO show, was inspired by real-life Slice, which makes a shocking amount of money.
https://play.google.com/store/apps/details?id=com.slicelife....
Slice is here in New York and I've been to their office and I know many of the programmers who work there, so I know they are surprisingly successful.
Re: How Shyp Sunk: The Rise and Fall of an On-Demand Startup
#20If there's no demand at a true-cost price point, it means there's no demand. You can artificially inflate market interest by selling $20s for $10, but don't take that to mean you can later increase price to $30 and reach profitability.
Your second sentence is the clearest way I've seen unit economics viability summed up, nice.