Name:   Lifer - Subject:   UBER Date:   6/22/2017 12:44:54 PM

  I gave up on understanding tech startups economics back i  the 90's when the model seemed to be start on a shoestring, find some angel investors, loose their money, go public and loose a lot of other folks money while pocketing gazillion s of dollars, sell out and walk away.

  The arrogance of the Uber guys is mind blowing to me. They act like they started a company that ended world hunger, brought peace to the middles East and cured cancer. They are so proud of  starting a company that losses a few billion dollars. How can a company be deemed successfully while loosing that kind of Money? Whose money are they loosing? It is a privately held company where is all this money they are looking coming from?. It seems to me like a giant ponzi scheme. Luring in new "investors" while diluting the previous group. One of the original investors, Chris somebody, is on Shark Tank sometimes and every time he is he brags about being g an original investor in Uber and I can't figure out why anyone would brag about being associated with such a crapped company. Uber is a great idea, but the execution couldn't have been any more screwed up. Imagine what it could be if a few adult businessmen were given the reins and told to make this profitable.