Great Read

The problem with the tech IPO economy

The business strategy that will land Uber on the NYSE hinges on a key element: staggering sums of venture capital money. These investments let Uber and similar tech startups collect users by undercharging them. That’s great for well-off city-dwellers, who have benefitted from deep discounts on everything from pet-sitting to grocery shopping and laundry delivery to watermelon apportionment.