This is the same business model that tech “startups” use, just at a vastly accelerated time table. Upend some existing market (in this case, several markets) by burning through cash at an unsustainable rate. Once your customers have been hooked, and/or the alternatives eliminated as competitors, you crank up the prices to try and make the business cashflow positive.
This is the same business model that tech “startups” use, just at a vastly accelerated time table. Upend some existing market (in this case, several markets) by burning through cash at an unsustainable rate. Once your customers have been hooked, and/or the alternatives eliminated as competitors, you crank up the prices to try and make the business cashflow positive.