Not in the magic world of VC funding! There will always be at least one dominant firm and a few others setting tens of millions of dollars on fire by offering five dollar Lyft Lines in Manhattan hoping to get traction.
It's a bit like restaurants - you have to compete both with established, profitable competitors and upstarts willing to take a temporary operating loss.
It may be unsustainable, but I've gotten hundreds of dollars of discounted stuff from companies operating at a loss looking for traction... thanks, pension fund VC investors!
It's a bit like restaurants - you have to compete both with established, profitable competitors and upstarts willing to take a temporary operating loss.
It may be unsustainable, but I've gotten hundreds of dollars of discounted stuff from companies operating at a loss looking for traction... thanks, pension fund VC investors!