Too many venture-backed startups operate on unsustainable unit economics
Taavet Hinrikus · 1233 With 4m Customers, $4b Transfered Every Month, is Transferwise The Cheaper Bank Of The Future? · Dec 9, 2018 · at 10:00
TransferWise co-founder Taavet Hinrikus criticizes heavily subsidized on-demand startup business models funded by venture capital.
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“There are many, you know, I would say way too many companies outside Sort of being funded by venture dollars that will never break even. You know, it's kind of ridiculous that you can order an ice cream, pay one dollar for it. It'll get delivered to you in 15 minutes. You know, that's only because some venture capitalist is paying for ice cream, which, you know, you should enjoy it while it lasts, but don't bet on it lasting forever.”
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