What if it IS a viable long term strategy? VC was always "moonshots", 9 out of 10 fail, 1 goes big. While Uber is having issues, I've been hearing the profitibility issue raised for years now. Other startups, while not doing necessarily unicorn-esque in the "real world", have still IPOd or sold off. I imagine the VC's aren't idiots, if they looked at their balance sheets and saw a trend of throwing money into a bonfire they would have stopped a long time back. Are we breaking even? (I honestly don't know.) If we are, then perhaps the consumer 'charities' are a new norm for userbase building, for one strata of company growth strategy. "want to grow faster, throw money at it" has always been a technique, and I see the charity as just a new way of spending that money to gain userbase. The relevant question is whether it's more or less effective than prior/future methods.
I should be able to catch a ride somewhere without relying on the philanthropy and good-will of some rich dude.
That's exactly what politicians and wealthy are calling for, very plainly and in the open. Not JUST VC's calling the shots, but the wealthy elite in general.
They own all the IP, we focus on making products they think will do best, we vote for their candidates...
Welcome to the real world.