I like @wraithburn but I disagree with every sentence in this tweet.
Cab drivers often owned their own cars in the old model as well as the new, and cabs are actually cheap.
Amazon rarely uses USPS, and when it does, USPS clears a profit.
Neither spreads costs to others.https://twitter.com/wraithburn/status/1296835383456681986 …
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8/ I'd argue that software from 1990 to 2020 is the story of capital demands getting smaller and smaller. To launch a startup back then required $2M in servers, Oracle license fees, etc. Today? $4 to buy some ramen. Capital is stunningly cheap.https://twitter.com/wraithburn/status/1296839522379014144 …
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9/ Uber has a "take rate" of ~ 20%, meaning that's what they pocket off of each ride. If VC was subsidizing it, that'd be negative, no? I think Uber is spending VC dollars on R&D ... which is the ideal use of VC $, no? https://www.latimes.com/business/technology/la-fi-tn-uber-ipo-lyft-fare-increase-20190511-story.html …https://twitter.com/BobbyRiggsTankd/status/1296839891519705088 …
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11/ This seems to be a variant of the Obama "you didn't build that". Because Uber exists in the economy somehow they're ripping the rest of us off. Passengers pay fees. Drivers get paid. Drivers buy gas. Gas taxes pay for road maintenance.https://twitter.com/wraithburn/status/1296841392489103360 …
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12/ "expectations and assumptions" This sounds like an attempt to shoe horn in a bunch of YOUR expectations. Enumerate / explain, please?https://twitter.com/wraithburn/status/1296841893217742849 …
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It might just be the places I've used it, but IME Uber drivers' cars are mostly immaculate, recent models. Conversations with drivers have led me to believe that Uber is running or facilitating some sort of lending scam related to this as well.
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you're making two distinct points, I think: 1) Uber facilitates or offers loans 2) this is a "scam" yes? explain #2 plz ?
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Note Tesla's "robotaxi" plan to let every EV owner likewise capitalize on their underutilized assets, without even having to drive the thing. (Probably why Telsa is soliciting creative actuaries.)
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Soon we'll hear "oh no! my neighbor's Tesla just leaves by itself, drives customers around for $, and comes back when he needs it! That's gotta be wrong somehow! make it stop!"
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