3min chapter

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#112 Former President at Tesla / CEO of DVx Ventures, Jon McNeill: First-Principles

Grit

CHAPTER

Ride Shares

When capital is free, there's a lack of discipline that takes place. And so one of the indications of that in the ride share market was that you could use capital to essentially discount and build share. A business with gross margins cannot survive if it doesn't have profitability. So we're doing something very different than has been the paradigm that has existed for the last X number of years while capital is free because capital is not going to be free going forward.

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