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Do you think the whole of the tech industries success is linked to Ubers?
by lhnz 9y ago
Do you think the whole of the tech industries success is linked to Ubers?
- jressey 9y agoThere is a lot of skepticism in the 'sharing economy' and Uber is the de facto representative of the model. Any negativity they suffer will likely affect other companies that use the model.
- Analemma_ 9y agoTo some extent, yes. How much money a company can raise in an IPO is partially a function of how optimistic investors are feeling about its entire sector. If Uber-- the much-hyped mega-unicorn-- turns out to be a dud, that's going to weigh on everyone's opinion of other tech unicorns, whether it makes sense or not.
- ithinkinstereo 9y agoIf Uber implodes there will be a lot of talk in the media about how VC money padded their unit economics. I thinks this will make people start questioning the viability of all sorts of other "too good to be true" startups. This includes all the sharing economies, but also non-sharing startups like Blue Apron. This in turn will cause a bit of a vacuum for funding B2C startups. We're already starting to see this in some areas, like food delivery. It may grow to cover all consumer-based startups, rightly or not.