malmo wrote:
Precious Roy wrote:
Find an old entrenched service industry and update it and stream line it with technology. Example: Taxicabs. Uber.
Uber has the worst business model of all-time. 2billion per years losses for years. Then an 8.5 billion loss in 2019 and a 6.5 billion loss in 2020.. This year will be just as bad. Don't worry, they;'re going to make it up in volume. A 6% driver retention rate after 12 months? Porta-Potty companies have a much higher retention rate for poop removal technicians because they do a job they're actually getting paid for.
Precious Roy wrote:
Everyone has smart phones, but many industries still operate like land lines and date books are the models of efficiency. Tow trucks, uniform companies, construction subcontracting, even some legal services are all examples of industries that could be revolutionized by technology.
All of those businesses have already been "revolutionized" by technology.
Maybe you can revolutionize the porta-potty industry through imaginary tech efficiencies such as green energy fetish farms? That's an idea.
Malmo, I think you are missing the point. Most people go into business to make money. Remind me again how much the uber co-founders made on the Uber IPO?
That said, you are right, technology companies disrupting legacy industries where the underlying service isn't expensive enough to allow for margin and there is high acquisition cost (both for customers and gig workers) are too big to fail high volume pump and dump plays. You are wrong to insinuate that the efficiencies are "imaginary"... would love to see you make that argument for Redfin/real estate. Should be pretty funny to watch the tap dance.