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This is a good way to look at it. These investors are supposed to be the smart ones allocating capital to good business ideas. It's insane to me that anyone eve
by socrates1998 6y ago
This is a good way to look at it. These investors are supposed to be the smart ones allocating capital to good business ideas. It's insane to me that anyone ever invested any money in WeWork.
And I agree with Uber, it's a great idea, but they subsidized their rates to gain market share. Too bad they don't have a plan for how to actually increase their rates to a sustainable level without losing that market share.
I think Uber failed in realizing that it's not that hard to create a clone of them.