When Uber was valued at more than $18 billion in a recent round of fundraising it became one of the biggest VC-backed companies in history, which many analysts found hard to believe. Aswath Damodaran, professor of finance at the NYU Stern School of Business, gave a thorough explanation of why he thought Uber was overpriced that set off a refreshingly civil back and forth between himself and Uber board member Bill Gurley that rally highlights the different mindset of VC and value investors.
Uber will expand the existing market: Gurley
Gurley doesn’t...
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