The food delivery company is a case study in the destructive nature of its own ‘disruptive’ business model.
Read the full article on The Guardian website
NAM Implications:
- Given that it was based on home deliveries from restaurants, no surprises here…
- But Deliveroo still loses money on every single delivery it makes, even after taking a big cut from the restaurant and a delivery fee from the customer.
- This is the entire venture capital model: grow as fast as possible, valuations will soar, eventually make a profit.
- Coronavirus has pulled ‘eventually’ forward, time for VCs to leave the ship.
- ‘Simples’…
