uber raised at $18B valuation. this is what happens when you are at 180 cities, your San Francisco revenue alone is at multi hundred million, you are doubling revenue and x6 your rides every 6 months. how would you compare it with gettaxi and other similar businesses? where have they gone wrong? in many ways its even just in the name you choose for yourself. more interestingly is how they define their mission. hint - its not replacing the taxi industry. When we got this company started (in 2009) we were pitching the seed round and we pulled a bunch of research from this report that showed that San Francisco total spend on taxi and limo was like 120 million bucks. But we’re a very healthy multiple bigger than that right now, just Uber in SF. So it’s not about the market that exists, it’s about the market we’re creating. So what is that vision?… It’s a reflection of our mission to turn ground transportation into a seamless service. Basically make car ownership a thing of the past
Posted on: Sun, 08 Jun 2014 05:15:23 +0000
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