applied know how
Uber has effectively sold itself to its investors as a tech company that simulates countless one-on-one negotiations between drivers and riders that, on an infinite timescale and with infinite patience is very much a technological product.
Except Uber isn’t quite doing this– its employing drivers who use their own cars to replace taxis (and delivery vans). Its clearly limited to the physical world, and isn’t infinitely scaleable at no cost.… Read more
Tech companies command fantastic valuations and are routinely exempt from doing things that tired old-fashioned analog companies do- like make a profit, or make strategic sense.
But really, what is a tech company? Soon to IPO, WeWork and Peloton, don’t have much in common: one company rents empty buildings and converts them into office space, and the other sells home fitness equipment and streaming classes, both, though, claim to be tech companies.… Read more