Uber Freight / Convoy
https://www.businessinsider.com/uber-freight-double-this-year-may-expand-internationally-2019-2 Uber freight is expanding like crazy. What does it mean for other smaller startups, e.g., Convoy? Is this space large enough for multiple players? Interested in applying to both, but have heard that Convoy does not pay well.
Uber Freight has nabbed execs from Airbnb and Box, plans to double its staff this year, and hinted that international expansion is next
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Uber r5dejf Mar 14, 2019
The market is huge enough to allow multiple players to succeed. That being said, I believe Uber has a lot of advantages over other players
Uber Freight can alone bring in 10 Bn per year revenue for the company in next 4-5 years. The industry they work with is not very tech oriented, Uber has a first mover advantage among the big players and competitors are either small or unorganised. I would say the capital raised through IPO should largely be invested in this sector to kill the competition.