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Isn't Uber currently losing money? I think the money for this is coming from VC firms.
by Simon_says 9y ago
Isn't Uber currently losing money? I think the money for this is coming from VC firms.
- maxxxxx 9y agoWho take money from our pension funds for example.
- maneesh 9y agothey also create wealth by investing in new services. Money creates money, it's not a scarcity resource
- fmoney 9y ago> Money creates money, it's not a scarcity resource Feds create money, in the US. > they also create wealth by investing in new services. Wealth for themselves? Wow, isn't that great for me?
- partycoder 9y agoTechnically speaking, it is the Bureau of Engraving and Printing from the Department of the Treasury creates the one executing the order of creating the physical currency. The Fed helps determining the money supply and distributing the resulting money (please correct me if I am wrong here). However that's just the physical money. In practice, because of fractional reserve banking, banks create money by being allowed to loan more money than they have in their vaults.
- Simon_says 9y agoNot mine. If you're not happy with your pension fund's investment strategy, maybe you should take that up with them.
- maxxxxx 9y agoMy point was that VCs are not heroic risk takers that invest their own money but often invest other people's money and live off the fees.
- jacquesm 9y agoPlenty of VCs invest their own capital. Do not confuse private equity, funds with limited partners that contribute the bulk of the money in the fund and classical venture capital where the bulk of the fund is raised from the managing partners.
- bastawhiz 9y agoIt depends on the city. Uber is not uniformly profitable everywhere.