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Going public means a different strategy for the board. Up until this point Uber has been a hot investment ticket for VCs, and the existing investors have been
by bduerst 7y ago
Going public means a different strategy for the board.
Up until this point Uber has been a hot investment ticket for VCs, and the existing investors have been incentivized to pump up the valuation to improve their position. This strategy involves self-driving cars and helicopters and edgy vaporware - basically creating these tactical hype moments for the Uber brand.
Now with public investors, the hype strategy isn't sustainable and the board will need to turn a profit (eventually) or be ousted by public owners who don't want to see their shares in a company be destroyed.