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Luxe is basically an opposite bet to Uber. To invest in Uber is to be long on a future with no personal car ownership and, eventually, self-driving automobiles
by jogjayr 9y ago
Luxe is basically an opposite bet to Uber. To invest in Uber is to be long on a future with no personal car ownership and, eventually, self-driving automobiles available on-demand. Whereas, it seems to me at least, that continued, and growing, personal ownership of cars is practically a requirement for Luxe to become a unicorn.
EDIT: changed "self-driven" to "self-driving"
- notyourday 9y agoIf Uber and Lux were public then the correct bet would have been to bet on both of them.
- jogjayr 9y agoIn effect that's what VC has already done for us, right?
- notyourday 9y agoNot really. Properly hedging requires constant adjustment of the steak to lock in the "winnings" and replacing the losing company with a different one that does similar things but has better management.