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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2/ And none of these is socialism. Individual drivers owning their cars is the EXACT OPPOSITE of socialism - it's many small capital owners, rather than one large capital owner. "OMG, the American housing plan requires people to own their own houses - SOCIALISM!" wat?
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3/ Oh no this terrible body shop requires workers to provide their own tools! You're saying that free individuals investing in their own success and owning the means of production, which they can TAKE WITH THEM WHEN THEY LEAVE is worse than big firms owning the capital?!?
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4/ Mechanics owning their tools, Uber drivers owning their cars, etc is the American ideal - this is the Jeffersonian Yeoman farmer. The thing that people dislike is that market competition makes clear exactly what value people deliver, which shatters pretty delusions.
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ⓘ Dogs don't have thumbs Retweeted Zombie Claude Rains
5/ The Uber business model is viable, as demonstrated by the fact that it's working.https://twitter.com/ZombieClaudeR/status/1296837562359660551 …
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6/ Also capital is trivially available to big firms. It's the easiest thing in the world to solve for! Market fit, hiring, profitability, growing as fast or faster than competitors - these are all hard. Borrowing $100M SECURED BY HARD CAPITAL? They can do that w a phone call
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7/ Uber is not achieving success by forcing the poor working man to leverage himself to buy a car, thus relieving Uber from the impossible capital constraints of car ownership. The working guy ALREADY owns the car, in most cases, and is monetizing an underutilized capital asset
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ⓘ Dogs don't have thumbs Retweeted Prometheus 2.1
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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Prometheus 2.1 @wraithburnReplying to @JASutherlandBks @MorlockPMostly I find the position here interesting both for what happened with Software development in the 90s re: Consulting and how that parallels things here. But also because there's an odd thing in here I have trouble describing for what is expected within what people do.3 replies 0 retweets 10 likesShow this thread -
ⓘ Dogs don't have thumbs Retweeted Bobby Riggs
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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ⓘ Dogs don't have thumbs Retweeted James
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ⓘ Dogs don't have thumbs Retweeted Prometheus 2.1
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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Prometheus 2.1 @wraithburnReplying to @wraithburn @JASutherlandBks @MorlockPPerhaps because in part, these companies don't operate in a vacuum. They are in a social web, with a complex grouping of connections for what it means to be a member of that web. Uber/Lyft use most roads "free" unlike tolls which they pass to the rider.3 replies 1 retweet 12 likesShow this thread -
ⓘ Dogs don't have thumbs Retweeted Prometheus 2.1
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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Prometheus 2.1 @wraithburnReplying to @wraithburn @JASutherlandBks @MorlockPBut it isn't free because they are paying taxes to operate as a corporate citizen within a specific environment. Being a corporate citizen within that environment has a host of expectations and assumptions beyond just paying taxes.3 replies 0 retweets 8 likesShow this thread
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