10 ms·
Isn't this the same problem with a VC? The funds might like you now, but watch those ride numbers drop a bit and suddenly folks want ridiculous terms and you do
by robszumski 9y ago
Isn't this the same problem with a VC? The funds might like you now, but watch those ride numbers drop a bit and suddenly folks want ridiculous terms and you don't have many options. I would bet that getting $10m a year in the budget for a few years is no sweat at Uber...they had gross revenue of $37B in 2017. I realize they are trying to cut that, but increasing engagement in already profitable cities might have a material impact in the other direction.