This too. No doubt they accumulated much hate for different reasons. Guess it would be better said if it's gonna be a boom or bust. I've been feeling like an IPO isn't going to happen for Uber for about a year now. There's a passage in Ben Horowitz's book that went "we drove so fast off that cliff we didn't leave treadmarks", paraphrasing. That's how I feel about Uber once news came out about how they were doing in China, then the new about spending near $1B in 6 months. People argue with me that institutions are dying to get into deals like Uber, but I don't know many institutions able to burn billions a year into a single investment. They get investors, they get loans. It's all good until no one is willing to put up more money and then it just fades away (or acquired like someone else said, but at what valuation? look at twitter from $70B to $11B now).
