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Would you invest in a startup which can be destroyed by its competition at will, i.e. by Uber agreeing to do the checks? Not gonna fly.



How about investing in a startup to battle the entrenched taxi interests, who seem to have just won a major battle?


And then losing your investment when you win the battle and Uber moves in? Why would anyone do that?


Because you could make a lot of money in the interim.




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