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Part of the issue is that the author goes through no effort to actually explain WTF they are talking about, while making it sound like these startups are raising capital with no equity on the line.



Uber actually is. They've been taking on straight debt.[1]

[1] https://www.bloomberg.com/gadfly/articles/2016-06-15/uber-s-...


Wow! Uber is quite the domino :-)




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