Cloud kitchen? Are you serious?
Is Silicon Valley now at the point where they are inventing things that already exist, but they aren't yet aware of because of the bubble they are stuck in?
Is Silicon Valley now at the point where they are inventing things that already exist, but they aren't yet aware of because of the bubble they are stuck in?
SV VCs are throwing money at everything they can, even bad ideas or things that already exist. I wasn't around for the dotcom bubble but I heard it was exactly the same way.
It's what Travis Kalanick is up to these days, incidentally. Saudi Arabia's sovereign wealth fund has supposedly put 400MM into his new company at a 5B valuation.