Uber-Disappointed
by Jimmy Mengel
Outsider Club
Let me start by saying, I’ve always been a proponent of the “sharing economy.”
In fact, I had hoped that it would be one of the dominant investing trends of the next decade. Who could argue that paying less and getting more from the industries you already use could be anything but a win for the consumer — and in turn, a win for savvy investors who got in early?
Not to mention the fact that you could “disrupt” all of the middle men out there and deal with real people just like yourself…
I was so bullish on the sharing economy that I even appeared on CNBC’s Closing Bell to sing the praises of AirBnB, Uber, and Square. I had used all of the companies, I had enjoyed my experiences and I felt like I understood their business models.