Here are the biggest threats to Uber according to Morgan Stanley, the bank that’s helping the $62 billion startup raise its next round of financing. Uber is currently raising a big new round of financing that it hopes to close this quarter at a $62.5 billion valuation (at $48.77 per share).

Bloomberg’s Julie Verhage saw a 290-page document prepared by Morgan Stanley for wealthy clients who may be interested in investing at a minimum buy-in of about $250,000.

In the document, Morgan Stanley outlines a bunch of the risks to Uber’s business. They aren’t anything surprising and include uncontrollable market conditions, increased competition, and expensive lawsuits. Read more from BusinessInsider and Bloomberg below.

• Uber is preparing a new round of financing. But there are hurdles ahead.

http://uk.businessinsider.com/biggest-risks-and-threats-to-ubers-business-2016-1?r=US&IR=T

http://www.bloomberg.com/news/articles/2016-01-14/here-s-what-morgan-stanley-is-telling-its-wealthiest-clients-about-uber