Man makes money buying his own pizza on DoorDash app
1–10 of 13 posts
Re: Man makes money buying his own pizza on DoorDash app
#2From reading the blog post linked from the article, DoorDash doesn’t actually make money. Someone who understands finance better, what is the longer term play here? Is it to optimize to grow and then raise prices in the future?
Re: Man makes money buying his own pizza on DoorDash app
#3Softbank is a money-wasting machine. I will never give them even a penny. They are the worst investors on the entire planet.
Re: Man makes money buying his own pizza on DoorDash app
#4From reading the blog post linked from the article, DoorDash doesn’t actually make money. Someone who understands finance better, what is the longer term play here? Is it to optimize to grow and then raise prices in the future?
Same as Uber &co. Kill competitors by selling at loss and achieve monopoly. Which will never work because there is almost no barrier to entry in these businesses.
Re: Man makes money buying his own pizza on DoorDash app
#5Softbank is a money-wasting machine. I will never give them even a penny. They are the worst investors on the entire planet.
I am not sure if they are the "worst investors" or just "the ones left holding the bag at the end".
Lots of super smart VC people in the valley just exited a little bit sooner. That's quite literally the only difference. This whole investment ecosystem was built around this, gotta exit ASAP
Re: Man makes money buying his own pizza on DoorDash app
#6BBC summary of Monday's https://news.ycombinator.com/item?id=23216852
Re: Man makes money buying his own pizza on DoorDash app
#7Softbank is a money-wasting machine. I will never give them even a penny. They are the worst investors on the entire planet.
I am not sure if they are the "worst investors" or just "the ones left holding the bag at the end". Lots of super smart VC people in the valley just exited a little bit sooner. That's quite literally the only difference. This whole investment ecosystem was built around this, gotta exit ASAP
The difference is that VCs exited when they realized that the business model was probably never going to work, while Softbank happily took their place despite likely knowing that the other investors were getting out.
It's like walking into a house party while everyone is running out the back yelling "cops are coming!" and thinking, "this is gonna be a great party once all these screaming people leave!"
Re: Man makes money buying his own pizza on DoorDash app
#8From reading the blog post linked from the article, DoorDash doesn’t actually make money. Someone who understands finance better, what is the longer term play here? Is it to optimize to grow and then raise prices in the future?
They may lose money on every order, but they’ll make up for it by volume.
Re: Man makes money buying his own pizza on DoorDash app
#9Softbank is a money-wasting machine. I will never give them even a penny. They are the worst investors on the entire planet.
I'd argue that from a humanistic standpoint, spreading money around is at least better than sitting on money.
But yeah, I'll not invest in SoftBank nor any of the latest Silicon Valley fads.
My current and only investment strategy, that has worked out way beyond expectations is investing in near monopolies. I call it: the rich get richer strategy. Got it from reading Warren Buffett books.
Out of curiosity, how did you end up with that username?
Re: Man makes money buying his own pizza on DoorDash app
#10Earlier quoted context omitted.
I am not sure if they are the "worst investors" or just "the ones left holding the bag at the end". Lots of super smart VC people in the valley just exited a little bit sooner. That's quite literally the only difference. This whole investment ecosystem was built around this, gotta exit ASAP
The difference is that VCs exited when they realized that the business model was probably never going to work, while Softbank happily took their place despite likely knowing that the other investors were getting out. It's like walking into a house party while everyone is running out the back yelling "cops are coming!" and thinking, "this is gonna be a great party once all these screaming people leave!"
No, the VCs exit when their mountains of data say to exit. It has nothing to do with the business, just valuations.
If you get in at or before Series A you are going to make money nearly every time. If you get in after that you are going to lose money nearly every time. This has nothing to do with the industry or the business model or smart people making savvy choices.