Wait, you've had local competitors come in and fill the gap when Uber and Lyft left? But I thought Austin's new law was job-killing regulation that would make it impossible to have modern ride-hailing services there. Surely Uber and Lyft didn't lie to us?
To be fair, the tech to support a single city is radically less impressive than a global operation, which means it's very easy for startups to fill the void when the big companies have already done all the work to create the market and then all vanish at the same time. Still, they're doing a great job, and most are on track to meet the city's regulations.
Which is one reason that so many people feel Uber's valuation is a joke. Austin is hard evidence that Uber hasn't purchased anything with their "growth spending."
