
How JOKR lost $159 per order, rising startup valuations, OpenSea freezes stolen NFTs, Web 2 CEOs troll Web 3 | E1351
This Week in Startups
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Exploring the Financial Burdens of Quick Commerce Startups
This chapter explores Joker's significant financial challenges, highlighting a loss of $159 per order and overall losses totaling $158 million across the U.S. and South America. It discusses the complexities of unit economics in startups, particularly focusing on the implications of asset-heavy versus asset-light business models.
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