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There's a piece of investment wisdom that says "the market can remain irrational longer than you can remain solvent" - or, applied here, Uber's going to take a
by vertex-four 6y ago
There's a piece of investment wisdom that says "the market can remain irrational longer than you can remain solvent" - or, applied here, Uber's going to take a while longer to die than your startup.
- mbesto 6y ago> or, applied here, Uber's going to take a while longer to die than your startup. So what? I'm so confused by this. This is exactly the point of "taking more money than you need". If Uber has a huge warchest of cash it means it can pivot as it pleases. Isn't this good investment advice then?
- vertex-four 6y agoIf Uber dies before making any money, and some other company would've made money but Uber killed it, then the investment in Uber was a bad investment (no return) and in addition prevented what might have been a good investment from working out. Or in words that matter to me as a consumer - Uber, an unsustainable company, killed an industry that will not immediately recover when Uber dies.