(This is a genuine question, not intended to dismiss Uber by any means) My career has been outside of SF, so Blinders’ comments surrounding Uber (e.g. lots of optimism around Uber’s stack, tech, and upside) are refreshing to say the least. I’m curious if Uber employees are overly biased, especially since many comments I have come across are from Uber employees. Or If Silicon Valley generally acknowledges Uber’s potential, IP, talent and $50B - 100B+ valuation despite the Uber bro comments on Blind (providing a generous range to weed out thoughts that are fixated on overvaluation). Would appreciate hearing your thoughts in the comments as I can’t breakdown poll results by employer.
Formulate a coherent question before starting a poll!
Part of the reason Uber is valued so high is that it owns a significant portion of Grab. Furthermore, as Uber always likes to say, ride share apps account for about 1-2% of transportation. The ultimate vision is to expand to all areas of transport business like Uber Eats and Uber Freight are doing.
It might even be undervalued at 120b. Feel free to short it but save some money for beer after you lose it all. Uber is not just ride sharing, it’s like amazon. Ubereats, bike/scooter and freights are huge now. And there’s a few more secret projects I can’t reveal that will push the valuation up even more.
I saw a reality TV show promoting 'ebay for freights' service. 120b does not sound realistic unless uber works on something really useful behind the scene or can out compete everybody bezos-style.
If I was allowed, I would buy as much Uber stocks at the current valuation as possible . I personally am very bullish about the stock. Having worked with other startups, I can safely say that this company has its shit together. I do not plan to sell even a single stock post ipo ... If it does not reach 150 billion in six months (post our lock-in expires) , I will buy more. Looking at Uber as rides is too tiny a scale, the number of industries Uber can disrupt is immense.
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As far as I know, cloning taxi routing app and working around labor laws is not rocket science. Looking forward to buying puts if asking price is 120B.
Last mile infrastructure and the network are where the value sits. Selling shit on the internet and shipping it is far from rocket science, nor is renting out servers but hey, Papa Bezos still does alright.
Last mile and internet are mostly regulated as utilities and employ low cost labor. I did not research amazon much, but as far as I can see, Bezos created uber efficient logistics that nobody can approach. Uber on the other hand has been successfully cloned in multiple countries.