The fact that the Amazon, Google and Facebook stories are now so well internalized by the general public is what makes investing in Lift dangerous. The criticis

The fact that the Amazon, Google and Facebook stories are now so well internalized by the general public is what makes investing in Lift dangerous. The criticism back then was wrong - but now it is too easy to dismiss any criticism. The danger is that Lyft and Uber (and some other unicorns) are just cargo cults - copying the visible strategy of rapid growth but lacking ingredients that are more subtle but nevertheless necessary for sustained business.