Make more room in the Uber-for-X graveyard. On-demand laundry service Washio recently informed customers that the service would shut down as of Aug. 29, TechCrunch reported today. "We generated millions in revenue and hundreds of thousands of orders, but the nature of startups is being innovative and venturing into uncharted territory: sometimes you make it, sometime
In late June, Shawn Cook had a cold and needed some cough medicine. The mobile game developer turned to on-demand delivery startup Postmates to make the run to Walgreens for him in Los Angeles that Tuesday night. Postmates estimated that four of the five items he ordered, which were listed in its Walgreens inventory, would ring up to $48.96. Coo
If you think that paying 6x for Uber is a bitter injustice, brace yourself: surge pricing is coming to on-demand food delivery. The delivery companies cannot afford their driver fleets without making this change. It’s sheer economics and a trend that will shape the future of online food ordering.
Adam Price's insight:
$650 driver acquisition cost for on-demand food delivery companies
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