3. Financials
$18.2B valuation after $1.2B Series D
[Google Ventures, BlackRock, others]
Revenue doubling every 6 months
[According to CEO]
> $1B in Gross Bookings for 2013
[Leaked Revenue numbers]
4. History
2008: Garrett Camp and Travis Kalanick decide
they want to solve the taxi problem in SF
2010: MVP launches in NYC (Jan) & SF (July),
soon receive Cease and Desists (Oct)
2013: Lyft rises as a competitor
6. Secret Sauce
Uber is ruthless, but has a professional brand
Continuously adding new products
Growing exponentially
7. Uber is worth way more than $18B
Uber is “obsoletive,” not disruptive
“[Suggesting] that Uber’s ceiling is the size of
the taxi industry is no different than suggesting
typewriters are the ceiling for PCs”
http://stratechery.com/2014/uber-worth-18-2-billion/
8. Competition
Lyft: Your friend with a car
Sidecar: Shared rides with nearby users
Taxis: Old and expensive