How Alejandro Betancourt López Turned Worthless Permits Into a €220M Uber Deal
Sometime around 2015, a pile of bureaucratic paperwork sat uncollected in a Spanish government office. VTC licences, the permits that allowed private vehicles to carry paying passengers, were selling for as little as €5,000 each. Taxi unions had kept them marginal for decades. Most of the transport industry ignored them entirely.Alejandro Betancourt López didn't ignore them. He began buying, quietly and steadily, long before anyone else...