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#112 Former President at Tesla / CEO of DVx Ventures, Jon McNeill: First-Principles
Grit
Uber and Lyft
I would say they both Uber and Lyft have put price discipline back into the market. But even this quarter, you see that in a quarter results, Lyft is discounting at record levels to try to preserve their share. So there hasn't been product differentiation on the lift side. There has on the Uber side, which is why Uber is trading for a multiple that is five or seven times higher than Lyft. It reminds me a little bit of the time when you joined Tesla going from a single to a multi product company.
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