By Steven Hill, MarketWatch, June 24, 2017
Uber risks burning through its remaining $7 billion in startup capital within about 3 years
The dirty little secret of Silicon Valley is that seven out of 10 startups fail. Uber is on track to become one of them.
While Uber has become popular as a taxi company for the digital age, and its valuation has reached $70 billion — now greater than Ford, General Motors or Tesla — the company has been losing money at a rate that some tech analysts say is faster than any technology company ever.…