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Uber is a particularly silly example due to the sheer volume of money they burned, but it did prove that the taxi medallion monopolies were suppressing market opportunities. I don’t believe that the founders or VCs really understood the available market potential, but it was 100% a farce that “ride sharing” was a meant for “sharing”.

Taxis (incl Uber) are bigger now than they have ever been. Add in Uber Eats and co., and there’s so much new demand for similar services. Even Amazon flex has shown that car based services have unmet demand and utility.

The taxi industry should have been broken down. It was good for humans to have better access to the market, even if it wasn’t cancer treatment. There’s tons of money going to research cancer. New energy opportunities are a huge source of investment already, let’s not pretend the existence of Uber foreclosed the opportunity to cure cancer.




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