Want to start an on-demand business? Read this before you think further!
Robert Kao
605

shreenath, keen of you to point that out. I think that in the last few years, folks are so growth driven that people lost site of real growth vs. artificial growth. If you give your stuff away (like $15 a day parking) of course driver will want to use you. But as we’ve seen as on-demand parking operators raise prices in the daily parking market, the demand shrinks!

We know this because we raised prices back when we did daily parking and saw how price sensitive to daily/hourly parking.