Why YourMechanic (YC W12) Chose to Grow Slowly
fortune.com
fortune.com
- There is clearly an opportunity here and it's more work than simply writing a webapp, putting stripe on it and pumping VC money into Facebook ads. These guys have been doing the dull background work and that's a long-term slog, but an even longer-term win.
- Unlike a lot of startups, there's no clear acquirer on the horizon. I'd bet on a profitable business quietly growing into an IPO and then staying independent. I see some Buffett factor here!
This is probably a combination of two factors: (1) unlike driving, repairing cars requires quite a bit of skill, so the mechanics have some protection against wage cuts (compare to Uber), and (2) a standard mechanic shop has overhead that YourMechanic does not.
Their business is fundamentally reliant on an accurate and high quality parts sourcing operation, which took years to build:
"To ensure it can provide any and all parts a customer’s repair could require, YourMechanic has had to build out a large catalog of parts from scratch, which took awhile. At the same time, just like any other services startup, it also had to perfect its operations before setting up shop in new markets."
Still, rare and commendable.
This would be great for things like getting your brakes replaced.
Also, I wonder how they handle waste disposal of fluids?
Disposal is handled by taking the waste fluids to your favorite parts store.
For example, the equipment used to calibrate your air conditioning system. Its more complicated then fill to the manufacturer spec. Newer machines will run the air with a temperature probe, and modify the amount of freon to get an optimal amount.