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January 13, 2016 04:00 pm GMT
Many business critics of Uber contend that the company is spending “unsustainably.” Despite that nearly all venture-backed startups burn capital unsustainably, Uber’s level of spending is viewed as particularly problematic among its naysayers. Negative press notwithstanding, Uber has now raised billions of dollars — many times over. How is this possible? Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Auz8VzwHAbs/
When Burn Rate Outweighs Enthusiasm
Many business critics of Uber contend that the company is spending “unsustainably.” Despite that nearly all venture-backed startups burn capital unsustainably, Uber’s level of spending is viewed as particularly problematic among its naysayers. Negative press notwithstanding, Uber has now raised billions of dollars — many times over. How is this possible? Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/Auz8VzwHAbs/
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