3min chapter

Second Time Founders cover image

E28 Founder Stories - Shyp’s failure v2 - refusing $13M secondary and private jets

Second Time Founders

CHAPTER

The Negative Gross Margin of Uber

Uber is at war with Lyft, right around here. So their best thing to do is to obliterate Lyft and the right way to do that is to just take away their customers,. "I need to destroy other competitors by doing every, everything ethical and rational to do so," Dower says of Uber's strategy. The company was negative on its gross margin until it shut down all the cities and focus on San Francisco. 'We were a little different than Uber and Lyft before like the more you ship through the shipping carriers'

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