5 ms·
No you have it all wrong. Lyft, Uber, WeWork etc are burning money and failing spectacularly because they aren't software companies. They're too tied to traditi
by codesushi42 7y ago
No you have it all wrong. Lyft, Uber, WeWork etc are burning money and failing spectacularly because they aren't software companies. They're too tied to traditional markets and their economics don't magically work out because they've tried to throw software into the mix.
We are at the inflection point where they are all about to crash and burn. Good riddance.
- vanniv 7y agoThose companies aren't that different than the dot-com era companies. "We're not $boring_business, we're $boring_business_but_internet" (or, today, it'd be boring but mobile)
- enra 7y agoI think the difference is still that many dot-com era companies didn't have much or any revenues, definitely not in billions.
- vanniv 7y agoYeah, it's true. This cycle, investors realized that OK, maybe we have to see revenues to believe it's a real business. But, if you look at things like WeWork, sure, there's revenue, but there's never even been the hope of eventual profit. The business model fundamentally destroys value.