8 ms·

Can you explain "Uber salaries tend to be pretty good (partially to make up for the stock being so high)" ? :)

• yummyfajitas 11y ago
  If the stock is high, then stock options are unappealing. Basically just illiquid cash.
  • tdylan 11y ago
    This is assuming they won't grow much past $50bn right?
    • seiji 11y ago
      That's a given, isn't it? They are nowhere even worth that much today. Private company valuations aren't based on rationality, they are based on emotion. Uber's current backwards valuation is capturing all speculation about future robot fairies that'll save them in the 5-year future (which always seems to be 5 years out, doesn't it?). For some reason, the funding geniuses behind Uber seem to assume no other company on the planet can mass produce shared purpose autonomous vehicles at scale? That's just crazy thought. There are four companies today that could entirely wipe out Uber if they wanted to, but other companies are playing a longer game. Don't compete where the market is, compete where the market is going to be. First mover advantage isn't a thing anymore. First to sustainable scalability combined with emotional grounding is the new advantage.
      • deleted 11y ago
        [deleted]
      • gmarx 11y ago
        I was with you until the thing about four companies that could wipe out Uber. Which companies and how?
        • nabaraz 11y ago
          Lyft, Sidecar, Haxi?
          • philsnow 11y ago
            Tesla, Google, Apple, ? somebody else.. oh that company that retrofits self-driving kit onto existing cars maybe?