| | [uber] – HOW A TECHNOLOGY FIRM IS changing the traditional transportation model | | By Mark Boeckel, Brent Sprunger, Kevin Smith, and Emily WorkMarch 6th, 2012 | Executive Summary Uber is an App-Powered on-demand car service provider for smart phones. Notwithstanding its very unique name, investors have begun to take note of Uber during the past year as it has stolen market share from traditional transportation companies. We will analyze the value proposition of its technology and examine the differentiation Uber creates to stay ahead of both potential competition and the various cab laws and regulations across the United States and Europe. Based upon this analysis, we will provide detail to investors about …show more content…
Uber is a software company and does not own any of the cars which transport Uber customers. Instead, Uber has negotiated contracts with drivers and takes 25 percent of the fare. The initial launch city was San Francisco in 2010 and Kalanick has been busy raising capital ever since. Kalanick and co-founder Garrett Camp invested $200,000 as seed money, followed by $1.25 million in angel capital by First Round Capital, an $11 million Series A round led by Benchmark Capital, Founder Collective and First Round Capital, and finally $32 million Series B with Menlo Ventures, Jeff Bezos, Goldman Sachs and Benchmark in December 2011. As of March 2012, Uber service was available in Chicago, New York, Boston, San Francisco, Paris, Seattle and Washington D.C. The firm was also conducting test services in Los Angeles and Toronto. Upon a launch, Uber benefits from various means of social media such as Twitter and Facebook, as users share their experiences. As a result, the firm has experienced rapid user proliferation of 30-40% per month. Pricing & Experience Uber has three main pricing structures; fixed airport rates, standard fees which include a per mile/minute charge, and dynamic pricing. For example, the fixed airport fee from downtown Chicago to Midway is $65 and $75 to O’Hare, slightly less than two times that of cabs. This pricing structure does not differ much from other car
Uber Technologies, Inc. was founded in 2009 by Travis Kalanik and Garrett Camp as a way to solve their own transportation problems in the traffic congested city of San Francisco where it is still based and headquartered. Uber Technologies offers an on demand car service application for smartphone users that links drivers with people needing a ride. According to Jim Makos of Pestle Analysis “It brilliantly connects the transportation industry with technology via its ride-sharing app.” With the click of a button on the application you can summons a vehicle of your choice see your rate, pay
This speech well explained the advantages of using Uber. It used a lot of evidence to explain why use Uber can reduce CO2, save more space, save people more time. Those facts will attract more people’s attention, so more people will try to take Uber. However, it spend too much time on the history of Jitney, and the fact that Jitney eventually failed. Uber and Jitney are actually the same thing, and the failure of Jitney will make people start to wonder if Uber will fail too. However, the advantage of Uber is strong, and attractive. Overall, this is a good
Uber Technologies Inc. is a transportation company within a mobile application that has revolutionized the way that people travel in different countries and cities all around
As things stand most Millenials and some Baby Boomers along with the Gen-X crowd understands the value of the latest trend in share rides knowingly both Lyft and Uber. We have all seen the news stories about those idiots that have done the unthinkable and of have gone to jail. Moreover, regardless of the “bad eggs” in the business people still want to use the share ride services we are becoming accustomed to.
Although I am one of Uber riders, I do not completely agree to her position. Uber, as a true example of sharing economy businesses, focus on what customer needs and let
Jacks current policy does not provide coverage if he were to use his personal vehicle for driving Uber customers (College for America, 2014). The exclusion section page 4, of the personal automobile insurance policy clearly explains that the policy will not cover the loss of any bodily injury, damages, or medical payment if the vehicle is operated in use as a public or livery conveyance. The policy clearly excludes coverage for any loss to your covered auto or any non-owned auto, which occurs while it is being used as public or livery conveyance (College for America, 2014). The benefits of the policy that is provided by Uber to its drivers are that the insurance for the automobile would start when the rider enters the vehicle and would stop
Thanks for writing in. I understand how difficult waiting in an area with no request of delivery. Glad to assist you.
Uber can be thought of as a marketplace unto itself in the analysis of demand and supply and elasticity.
So how did Uber get here? It all started when Anthony Levandowski and Travis Kalanick (CEO of Uber at that time) met on Ted Talk in 2012. In July oi 2015 Levandowski and
I totally understand that you invest for your vehicle to earn money with Uber. I'm sorry to say that your vehicle is uneligible for Uber P2P. We require 2004 or newer vehicle model. Uber wants to keep give quality ride with our riders and that is possible with our enhanced vehicle models. If you have a different vehicle, you are welcome to add it to your account.
Uber has offered job opportunities for the community; however, the drivers’ professional qualities remain in question. Unlike the taxi drivers and other professional drivers, Uber’s drivers have not been trained. According to a Wall Street Journal news report, 62% of Uber’s drivers have other sources of income – more than one job. Uber is not economically feasible as a full-time job (Macmillan, 2015). In addition, the expenses of gas, maintenance, and insurance are Uber’s drivers’ responsibilities. They do not enjoy the same employment benefits and workplace protections as taxi drivers and other professional drivers (Tucker, 2015).
The waymo used to have a cute version of the car but since then they have upgraded to a more van like body for the car. In the van like model of the car they have been allowing ordinary people like us to ride in the car and be test subjects i guess you could call us. Uber actually owes google 1 billion dollars in
In October 2010, came the first legal problems of Uber, when it received a cease-and-desist order from the San Francisco Municipal Transportation Agency over the inappropriate name of the company. The part of the name in question was the word “cab” which was used illegally, to which Uber responded almost automatically by changing its name to it’s current name, “Uber”, and buying the domain www.uber.com. (Blystone, 2015) This was also the point when Uber received the first funding of $1.25 million from First Round Capital, Kalanick’s friend Chris Sacca and Napster cofounder Shawn Fanning. This started a string of backings into the company.
We live in a technology driven world, almost everyone own a smartphone today. Uber and its competitors are allowing us to use an app on our smartphone to call for a cab. When a rider request a ride, the app gives you an estimated time of when the driver will arrive. It also calculates the fare and take the money out of your account. Whoever came up with the Uber idea is genius. Uber is beneficial to both the riders and the drivers. Uber created jobs for a lot of individuals, also for people who has a job but want to make extra money can drive Uber. The riders get high quality service for a fair price. In addition, the Uber app is easy to use and to understand. Increasing the amount of cars on the road results in faster pickup time which is
Uber is a technology company which provides transportation solutions to its customers by seamlessly connecting riders to drivers via their mobile app. The company was founded in March 2009 by Travis Kalanick who is currently serving as the CEO of UBER and Garrett Camp. The company is headquartered San Francisco, California. The company currently operates in 65 countries and serves customers in 351 major cities around the world . Uber’s current year revenue is expected to close to $10 billion with expected growths of 300% in the upcoming couple of years . During the course of this paper, we will be performing a competitive analysis of Uber using various frameworks like the STEEP analysis, Porter’s five forces analysis, RBV and SWOT analysis.