99% of Last Mile Services will Fail

When “venture”* capitalists raise larger and larger funds, they write larger and larger checks. At its simplest, “venture” firms have a limited number of partners and cannot possibly deploy large funds with $5M checks. Thus “venture” firms keep the number of deals flat but increase check size… lest they take on more partners.

finish reading here: https://reformingretail.com/index.php/2016/10/19/99-of-last-mile-delivery-services-will-fail-so-be-careful/