4 ms·
It's still a 45B company...still the largest and most successful company to come out of SF this decade.
by tempsy 7y ago
It's still a 45B company...still the largest and most successful company to come out of SF this decade.
- swampthinker 7y agoIt's the most successful cashout for investors and early employees, but let's not act like Uber isn't still running on borrowed time.
- ProAm 7y agoIt's not successful though. WeWork is still valued at 47B technically speaking today. They are a company that only loses money, has a horrid culture and does some morally reprehensible things. Their true value is their logistics software. If they would lease/sell that to other industries they would be rich beyond belief.
- throwaway_law 7y ago>still the largest and most successful company to come out of SF this decade. That's a lot less reflective of UBER and more reflective of the type of startups SV is trying to take public. Look at any other SV Unicorn that IPO'd...take Twitter that IPO'd in 2013, it turned a profit one year since going public.
- tempsy 7y agoI'm using market cap as a proxy for success not profit... Twitter isn't really a shining example of success either - their share price has been sideways for 6 years.
- devicetray0 7y ago> I'm using market cap as a proxy for success not profit... Market cap is not and has never been a good proxy for success.
- tempsy 7y agoI think you're referring to private valuations
- JohnFen 7y agoIf Uber counts as a successful company by SV standards, that's a pretty strong condemnation of SV standards.
- tempsy 7y agoIt's not a SV company - it's an SF company.
- celticninja 7y agoIf we assume the meant SF instead of SV, does that negate his point somehow?
- JohnFen 7y agoYes, I meant SF. I do find it amusing that I was called out on this, though, since in the past I've been called out for not including SF as part of SV.
- deleted 7y ago[deleted]
- barry-cotter 7y agoIf it’s worth one third of its current market cap it’s worth $15B. For a company that’s ten years old that’s incredible.
- JohnFen 7y agoI think measuring whether or not a company is successful solely by that yardstick is very dubious.
- ewb 7y agoTurning $10 billion into $45 billion over 10 years isn't really that incredible. That's less growth than Comcast has had over the same period. Which most would not consider a dynamic incredible stock.