The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified cover image

327. The Late Stage Reset, Competing with Tiger, and Last Mile’s Unit Economics (Steve Sarracino)

The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified

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Product Experience Just Better When You Own Everything

I think this product is here to stay, but, you know, i only think there's room for one or two winters in each market. Overall, product experience just better when you own everything. Inso the economics iveser to get the benefit scale, and you're admetizing those fixed costs over e more orders. On the unit economic side, you saw instances within latin America with really healthy unit economics. And you feel like the the other sites nd in the americas will mature and get to that same healthy economic profile.

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