Very interesting business concept. The cultural differences once moving into international expansion will definitely be a challenge! Thank you for sharing.
A very interesting article. There are similar companies trying to pierce into resale fashion and Thred-up seems to do a good job at it. I particularly find the payout as a percentage of listing price to be a brilliant idea. Thank you for sharing!
Thanks for this, a very interesting company. However, call me traditional, I still find beauty in having a piece of art exposed in my house instead of knowing I own a percentage of one I cannot see, possibly exposed on the other side of the planet.
This platform value proposition seems more targeted at opening the door of the art market to financial investors hedging their risk than allowing art aficionado to quench their desire for art. Maybe AI can help fill this gap: https://www.youtube.com/watch?v=IuygOYZ1Ngo.
I really liked the article. In the same category, Drizly is an alcohol E-commerce platform applying an asset-light model that operates in 70 cities in the US and is facing similar challenges. My only concern with these models is the question of trust: do customers trust the platforms to really reflect in-store prices? Do customers trust the person picking and delivering their items?
The online grocery market is growing at an incredible pace and I hope Instacart will not simply try to grow at any cost but will make sure not to erode its value proposition along the way.
Interesting article! I am curious about how the company handles insurance fraud beyond the “Pledge of honesty”. I could picture loopholes where people would fake a theft and trick the A.I. into covering some items that never existed (by gathering expensive items’receipts from their friends for example).
Thank you for this article: it is an interesting and important topic. It is a perfect example of ML applied to an unexpected area and I am convinced the technology will be improved to match -if not outperform- the existing contraception methods. My only concern would be on the cost: do you know if the company plans to partner with the National Health Service in the future? One possible outcome could be to have its membership fee covered by NHS and for Natural Cycles to be offered for “free” to users -as it is the case with the contraception pills nowadays.
Very interesting article.
While Mirror could disrupt the traditional Gym Industry, the retail value of $1,495 for the physical device, plus a $39/month subscription fee seems extremely high compared to the average Gym Membership fees at $58 per month – or $696 per year-. (https://www.healthline.com/health-news/gym-memberships-can-be-a-trap). My concern is that Mirror addresses a high-end small market which could hinder the company’s growth. Do you know if the company plans to extend its line of products and offerings?
How does the company protect itself from privacy concerns and security overall? Aren’t users concerned about adding a camera connected to the web inside their home?