Rodrigues: Cruise and Zoox are undervalued compared to AV's potential
Alex Rodrigues · 20VC: Why Self-Driving Is Still Under-Hyped in The Medium To Long Term, What Will The Ownership Mechanism Be Both In Physical Assets & Data and How To Assemble A World Class Exec Team As A Young Founder with Alex Rodrigues, Founder & CEO @ Embark · Jul 5, 2019 · at 13:15
Alex Rodrigues, founder and CEO of Embark, argues that private autonomous vehicle valuations are under-hyped relative to the eventual industry size.
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“And like cruise is worth nineteen billion. Uber ATG is valued at seven. Zoops is valued at two. And so it's like huge, huge amounts of money, but not actually close to the 600 that you could sort of support when you look at what the long term value will be.”
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