[jessaustin]

As a few HN folks have observed recently, that turns Uber from a wage-heavy (but always on the lookout for corners to cut) business to a capital-heavy one. That wouldn't be a impossible transition, but it would be a transition.

[fraserharris]

In fact, its the perfect transition from startup to mature company with a substantial moat. With a proven business model then can raise $Bs in non-dilutive debt-capital to finance vehicle purchases.

[jessaustin]

Hmmm maybe I finally understand their valuation...