Given his experience, I'm struggling to understand why he's so quick to dismiss the possibility that Uber will successfully expand into tangential markets, or that it's at least reasonable for investors to bet on that possibility.
In the spreadsheet the author provides, the possibility of growth into additional markets seems complete ignored. Even if the chance of such growth was small, surely it should factor in to the valuation to some degree?
Given his experience, I'm struggling to understand why he's so quick to dismiss the possibility that Uber will successfully expand into tangential markets, or that it's at least reasonable for investors to bet on that possibility.
In the spreadsheet the author provides, the possibility of growth into additional markets seems complete ignored. Even if the chance of such growth was small, surely it should factor in to the valuation to some degree?