Of course these businesses have some barriers to entry (so does Uber. Lyft et al. notwithstanding), but it's not a result of network effects that we're used to with companies like FB and eBay.
Of course these businesses have some barriers to entry (so does Uber. Lyft et al. notwithstanding), but it's not a result of network effects that we're used to with companies like FB and eBay.
Of course! But they’re not valued at 10x revenue like tech companies. Uber stock has nowhere to go but down.
It doesn't help that the most visible "successful" tech companies are all monopolies or duopolies (Google, Facebook, etc.)
But for every category-dominating Microsoft, there are dozens of very successful software companies in every vertical. Dozens of project management software companies, countless task management software companies, etc.
McDonald's is top 10 most valuable brand in the world. It has massive brand loyalty & defensibility through it.