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Yeah, how does Uber not have real value?
by quinnter 11y ago
Yeah, how does Uber not have real value?
- mylons 11y agoI don't think that's the point. Uber is just going to decrease in value to some extent if the bubble bursts. Some companies, like amazon, survived the dot.com and became a phoenix. Uber would likely do the same, but it would just face some adversity in a turbulent credit market, maybe have to IPO earlier than it would like, etc.
- jawns 11y agoYou misunderstand. > In a bubble there is always someone with a “great” idea pitching an investor the dream of a billion dollar payout with a comparison to an existing success story. In the tech bubble it was Broadcast.com, AOL, Netscape, etc. Today its, Uber, Twitter, Facebook, etc. He's not saying that Uber, Twitter, and Facebook have no value. He's saying that today's startups that are comparing themselves to these success stories are drastically overvalued.
- baldfat 11y agoHe is says that most "Angel" investors have zero liquidity in their investments. > Because there is ZERO liquidity for any of those investments. None. Zero. Zip.