According to Uber cofounder Travis Kalanick, the contest quickly moved beyond riders and drivers and became a fierce competition for venture capital. Speaking on the TBPN podcast on Saturday, Kalanick said the rise of ride-hailing was shaped as much by fundraising strategy as by product innovation.
Describing Uber as more than a ride-hailing platform, he said, “At Uber we were building the network for the physical world in the…

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