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b_b · 3582 days ago · link · · parent · post: Uber Investor (Bill Gurley): The Bay Area Bubble Will Pop This Year, And More Than Tech Will Suffer
Connecting people is important in our economy. But it's easily done by any number of sales people. Uber found a good way of doing sales. That's it. How many people do they employ? How much infrastructure did they build? Etc. This isn't a real economy they're creating. It's a temporary fill in a gap in the market--a gap that was mainly created by excessive government regulation. Once that gap is closed, and the market is fixed, Uber is worthless.