alt Hacker News> over the imposed limitation of their municipalities
This was really just a few cities in the US. There's no artificial taxi scarcity in Houston or London or Tokyo.
You might reflexively say London has strict regulations, but it regulates safety not imposing an artificial cap. That's a NY/Boston/Chicago/Philly thing.
Uber won because:
1. on-demand app
2. VCs subsidized rides to destroy taxi companies by driving the customer cost to well below provider cost.
> 2. VCs subsidized rides to destroy taxi companies by driving the customer cost to well below provider cost.
Not sure about other regions but in NYC this is 100% the case. Ubers used to be nicer cleaner newer cars, better drivers.. for less than a taxi. Now they are about 4x what they cost in the 2010s, with cars about as dirty as a taxi and equally surly drivers.