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Given this price (and the likely downward trend to come if Lyft is any predictor), I wonder if Uber and Lyft are really just an act of philanthropy from SF VCs
by dannykwells 7y ago
Given this price (and the likely downward trend to come if Lyft is any predictor), I wonder if Uber and Lyft are really just an act of philanthropy from SF VCs + SA to hungry/drunk/tired city-dwelling folk. If so, thanks guys! (* and you mostly are guys). Next ones on me!
- umeshunni 7y agoIt's not the VC's money - it's money from wealthy investors and more recently sovereign funds and even pension funds.
- sytelus 7y agoIt is never VC money... VCs get paid back few times over. It's our 401Ks that would be automatically funding these IPOs via index funds. So you can say that this is some weird form of socialism enabled by capitalism.