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Part of the issue is that the author goes through no effort to actually explain WTF they are talking about, while making it sound like these startups are raisin

by teej 10y ago

Part of the issue is that the author goes through no effort to actually explain WTF they are talking about, while making it sound like these startups are raising capital with no equity on the line.

Animats 10y ago
Uber actually is. They've been taking on straight debt.[1] [1] https://www.bloomberg.com/gadfly/articles/2016-06-15/uber-s-debt-fueled-cheap-price-race-is-on-borrowed-time https://www.bloomberg.com/gadfly/articles/2016-06-15/uber-s-...
- bbcbasic 10y ago
  Wow! Uber is quite the domino :-)