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SELF • 1y
Scott Gorlick shared the problems that startups face and how Uber sailed through that phase. How the company overcame the chicken and egg problem, which is a common challenge faced by startups. The problem is that the company needs both riders and drivers to make money, but it can't attract riders without drivers and vice versa. The employee, who joined Uber as senior operations and logistics manager and later headed the company's strategic projects, shared three key points that helped the company overcome this problem: 1. Paying drivers to be online, even if there weren't many riders. 2. Building a customer base by placing cars near bars and restaurants. 3. Offering incentives for referrals, such as $10 off the next ride for both the referrer and the new customer. These strategies helped Uber overcome the chicken and egg problem and grow into a $140B company with over 6 million drivers.
Passionate about Pos... • 4m
Uber has changed its pricing model for auto rickshaw drivers, moving from a 10-15% commission per ride to a fixed subscription fee. As a result, all auto rides will now be cash-only. While Uber will continue addressing major safety concerns, it wil
See MoreBuilding Snippetz la... • 4m
Uber’s been struggling financially, and they’re not even trying to hide it anymore. Their latest move—ditching the commission model for a fixed fee and example of that Uber’s financials haven’t exactly been good at all . In Q4 2023, they reported $
See MoreHey I am on Medial • 7m
💯/ profit business . desi moroc and chicken egg boiler form and recycling two acres land business setup mannpower and local area housewife and marketing south 24 pargana. program and office near Kolkata location. poultry farm and horse form .packagi
See MoreSDE II @ Cisco | Net... • 10m
Additional security feature for women riders on Ola/Uber 💡 Ride-hailing companies can introduce a feature that allows female passengers to opt for women drivers. This could include a dedicated fleet of women drivers, where the app offers female rid
See MoreKeen Learner and Exp... • 11m
Namma Yatri is a ride booking app which is threatening the duopoly of Ola and Uber. Ola and Uber charges upto 30% commission from their drivers which means the driver has to pay ₹30/ride to the company if he earns ₹100/ride. And also the payment is
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