, Columnist
Uber Is Peter Pan of Startups
Eventually they will run out of people or countries willing to write them checks.
This article is for subscribers only.
The typical trajectory of a tech startup is understood innately even by people who never watch the biting satire on "Silicon Valley": Start a company in your garage. Collect big checks from a venture capital firm. Get bigger. Go public. Ring the opening bell at the New York Stock Exchange. Finis.
To use one of the tech industry's most trite words, this narrative is being disrupted by a new crop in the technology industry's heartland. Uber and a handful of the best and brightest tech startups are disrupting IPOs by refusing to go public entirely.