The Uber bull perspective 🐂

And there’s a belief at Uber that kind of technology will make a difference and they can move kind of learnings around the world. But it’s just not clear to me. Like the continued strength of Lyft in a lot of US cities I think is indicative of like maybe as long as you pick somebody up within 3 minutes, maybe nothing else matters. Ola in India, kno... See more

The last decade showed that questionable business models can subsist for a long time (and even flourish) when capital is abundant. Thirteen years after its founding, Uber is still figuring out how to be profitable: the company’s gross margins actually declined seven percentage points over the past three years, and the net profit margin is -3%.

Early on, big things might start out feeling like a toy. But their ability to extend from one value proposition to the next, and address more and more of a market is the secret sauce you want to dream about. That's where high net dollar retention comes from. Companies that are able to drive usage (more volume of the same thing) or modules (adjacent... See more

What if instead of a business model in which Uber investors stand to profit off the success of the platform, the drivers and riders profited as well?