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“It's hard to teach children about our migration West when they're thinking, "Why didn't you just call an Uber?”

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Neil Leckman

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“If you’re looking for inspiration from Uber’s notorious magic, consider how it took an existing product, used existing technology, and delivered it to existing markets. Yet, its business model remains hard to replicate—and that’s the real magic trick. As the old Silicon Valley saying goes: If you can’t creatively turn $1 into $10, why do you expect to turn $1 million into $10 million?”

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“How on Earth was Uber, with its reported $10 billion loss from operations since 2016, and other gigantic creatures of the Internet Economy, able to flip the tedious “viability-profitability-expansion” route into an entirely new direction—“viability-expansion (maybe) profitability”? Elementary—by ensuring consistent financing or, simply put, by having access to capital on the fly and turning their business models into platforms instead of building traditional pipes, so that acquiring new businesses is not a question—it is the answer.”

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