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The game plan is pretty simple: use VC cash to quickly provide services everywhere and build market share, drive competitors out of business / acquire them, mov

by blihp 6y ago

The game plan is pretty simple: use VC cash to quickly provide services everywhere and build market share, drive competitors out of business / acquire them, move to self-driving cars to the extent possible and eventually raise rates when customers have no other options.

partiallogic 6y ago
This is always brought up as the game plan but are there any examples where this worked out?
- dbancajas 6y ago
  probably not. but while doing that (takes 10 years), all the execs and VCs get rich while the investing public is left holding the bag.
  - deleted 6y ago
    [deleted]
- blihp 6y ago
  I believe Amazon was the (modern) prototype of this type of business plan.
mrweasel 6y ago
Well... yes, but the problem with that plan is that Uber would need VC funding for 20 more year while they try to make the self driving cars work. I feel bad for the people who got fired, but I also believe is was bound to happen, the current situation with Covid-19 just speed up the process.
josteink 6y ago
> drive competitors out of business / acquire them, move to self-driving cars to the extent possible The problem is that they have no self-driving cars and thus just represents the most massively over-staffed taxi-hailing mobile app ever. I’d be surprised if we don’t see much more dramatic job cuts in the future.