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As always with Uber you have to understand the relative, not absolute, situation. Uber needs to not just be successful, it needs to be MASSIVELY successful. I
by aetherson 10y ago
As always with Uber you have to understand the relative, not absolute, situation.
Uber needs to not just be successful, it needs to be MASSIVELY successful. It's valued at north of $60B! If it makes a bunch of modest deals that are successful to the tune of making a 15% return on investment, and that investment is $2B, then it needs like 20 of those deals to justify its valuation, much less to grow.
At risk of pointing out the obvious, there aren't 20 Chinas. And Uber doesn't have $40B to spend on a series of 20 $2B deals.
Uber's entire existence for at least the last five years has been predicated on being a major global game-changer. Anything that is less than "major global game-changer" for them is a failure.