3 ms·

The paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4437360 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4437360

• ttul 3y ago
  Thank you. The journal article is a whole lot less sensational. “ In this Article, we argue that venture predation can harm consumers, distort market incentives, and misallocate capital away from genuine innovations. We consider reforms to antitrust law and securities regulation to deter it.”
  • asah 3y ago
    "genuine innovations" reveals their prejudice: Uber and Lyft had to drive 100s (perhaps 1000s) of inventions, from mobile and database platform changes to user experience. Legacy taxi companies weren't going to attract the kinds of engineers who could drive them, let alone the product leadership commitment to see them through. 10 years later, the knockoff ridehailing apps *still* lack key features found in Uber and Lyft. p.s. I'm no fan of predatory pricing using VC, but this particular accusation is unprofessional BS.
• JeremyNT 3y ago
  Discussed previously: https://news.ycombinator.com/item?id=36003096 https://news.ycombinator.com/item?id=36003096