Didn't not over expand, debt flow and too pump. Brain damage after reading this. lol

Before the current crop of "tech" unicorns, the previous bunch were yahoo, google, apple, youtube, nvidia, etc. Just ask Sequioa.

Sequoia failing for 2 years "since 2018" when they've been smashing it since the 1970s. Omegalul

What debt flow bro. First of all, that's not even a term, secondly, startups and unicorns rely on equity for financing, not debt. Their operational survivability is dependent on their cash burn and rate of replenishment.

A large captive market is true, but that doesn't necessarily mean the business model is a good one. Just cause Honestbee was first to market and could've dump millions into ramping up customer acquisition and coverage doesn't make the business model a net cash generative one.

Look at Grab for instance, who has been around for a while, backing from Softbank and is the largest in the market. Yet, time and again they have to rely on throwing cash at you (free delivery, discounts, etc), for you to use their platform. Bottom line is, a big portion of customers for the delivery model only uses the platform because of the discounts on offer. Once they stop throwing incentives at the customers, the volume is likely to reduce drastically. There has to be a certain level of size that Grab is trying to target, to achieve economies of scale, without which it remains an unsustainable business model in its current form.

Perhaps one day, with enough cash thrown at the customers, the platform will be able to retain stickiness on its customers. However, the light at the end of the tunnel is a faint one. Nevertheless, with Softbank as a backer (via Uber), they shoulve have plenty of cash to burn for years into the future.