"Recliner" wrote in message
...
tim... wrote:

"Robin9" wrote in message
...

My car insurance company has sent me an epistle that
suggests that Uber are no longer having everything their
way:

QUOTE:

Cab comparison app Karhoo launched in London two
months ago and already it claims to be twice the size
of its nearest competitor. The company states it is giving
the Capital's consumers more choice and drivers more work.

Karhoo is at pains to point at that it is a cab comparison app
rather than a cab app.

So it's not in competition with Uber then?

So its "twice the size" claim is by comparison with something else

how does this show that "Uber is Wilting Under Real Competition"?

AFAICT Karhoo is that largest company in a competition with, not very
much
at all

whilst their expansion plans are laudable, they are not fact.

If I had a fiver for every start up who was going to be the "largest
company
in out sector within n years" which crashed and burned 2 years later, I'd
be
a rich man now.

wait and see, wait and see

Well, you were right, except that it only took two months, not two years.

Like I said, typical overhyping of a start up. Everyone does it. Even the
few that succeed do it (sometimes getting away with it for quite a long
time - Ocardo anyone?) And some will succeed simply because the greater
fool does come along!

The sad thing is that 95+% of the population don't get it and think that
behind every one of these press releases is a roaring success. (And some of
them then go onto Social media and call the people who are questioning the
report's veracity, idiots - no particular person intended here.)

And I see from the other posting that it also validates my claim (elsewhere,
somewhere, I forget) that there are people who do this round of VC funding
simply to make an opportunity for themself rather than because they have a
real belief in their company. Anybody who really wanted their company to
succeed would keep a much tighter control of the purse-strings than Ishag
(what a name that is!) did. Not that it I suspect it would have made much
difference this time, though it would have meant more time available for the
greater fool to be found.

I note that Liftshare is still going after more than 10 years - on a budget
of 3 and sixpence (god knows what their funding model is. They now have 30
employees, it's no longer a couple of mates in their garage.)

tim