From Worthless Paper to Coveted Asset: The VTC License Arc Under Alejandro Betancourt López
Few assets have swung as far as the Spanish VTC license. A single permit sold for about €5,000 in 2015, dismissed as a bureaucratic relic. A decade later it sat inside a company Uber valued highly enough to commit €220 million for less than a third of it. That arc traces the bet Alejandro Betancourt…