Uber, the omnipresent taxi-replacement service, has now been valued at close to $17 billion after the latest round of funding last week.
This represents a $13 billion increase in value based on its last round of funding. This is a staggering sum for a new company and an obvious huge leap above its previous pricing. On first glance, one might conclude that this is another Candy Crush-type of valuation that is both undeserved and temporary. But on closer look, I think Uber might be one of those companies that really has something to offer — and very well might justify its shocking valuation.