> I think the name of the game there is to get to an exit before the regulators really start to get involved, because those will only eat away cash/value. Oste

> I think the name of the game there is to get to an exit before the regulators really start to get involved, because those will only eat away cash/value. Ostensibly, the multi-decade vision for Uber is that it becomes not just a taxi substitute but the operator of all the transportation in the future, as people abandon cars in the US and as motorized transportation reaches more of the third world, eventually culminating with them having a good chunk of the ownership in the driverless-car market... and that's where the value will come from, not just the disruption of the entrenched taxi interests (which is only adequately lucrative, and, as you mentioned, riskier). And regulatory diversity at least ensures that there will be somewhere that they should be capable of proving out a model with which to tempt the rest of the world. Realistic or not, I tend to think that the management buys into that kool-aid.