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Fundraising: We're an early-stage food delivery startup. Should I start looking for funding on a service that has been proven successful by other companies?
MK
MK
Marius Kraemer, No. 1 Bitcoin writer on Quora answered:

Yes, you definitely need funding, since the food delivery space is a race to the bottom with heavy players already in the space.

This is bad one the one hand, good on the other, because you can raise money on this if there are a lot of people doing it. That means, there is money in it.

HOWEVER. I would not do it in a country, where a big player is already present, you simply can't win. But, you can do it in a country, where there isn't. Would it be possible for you to make it work in Chile, Austria, Serbia, Romania, Belarus, Lithuania, maybe China, Japan, Korea, Australia, Kenya? Many of those are beautiful countries, with completely untapped markets that are just waiting for a player to grab them. It just takes some time to readjust and move to another country, which most founders aren't willing to.

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