The Metric that Matters for Startups in 2016
Tom Tunguz
JANUARY 14, 2016
Imagine regional taxi services, 4 in the US, each with a different app, different labor pools, different terms. The aggregate value of those four services would be a tiny fraction of an Uber’s valuation. In 2008, the Fed Funds Rate sat at 5%. And would might happen if the company didn’t spend all this capital?
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