Varun Srinivasan
@v
Took a 20 minute Uber today, cost me $19.89. Driver took home a little over $5. Uber's take is 75% - that seems surprisingly high. I would have expected a split closer to 50-50.
43 replies
5 recasts
111 reactions
Erik
@eriks
i know it’s an old idea but hoping p2p sharing networks can actually take off using farcaster identity for social proof uber, couch surfing, local buy/sell marketplaces, etc
5 replies
2 recasts
37 reactions
Varun Srinivasan
@v
i think that's a really hard business to pull off p2p. uber is in the business of selling trust. i know that i'll have a decent experience, wont get ripped off, will arrive safely etc.
7 replies
0 recast
15 reactions
Thomas
@aviationdoctor.eth
IMHO it’s the perfect model to run as a non-profit cooperative model. The company would have paid employees just like today, but no shareholders, and any surplus revenue made in excess of the opex budget set annually is reinvested into the business (R&D, growth, contingency fund, etc). Essentially the drivers are paying for at-cost corporate services.
0 reply
0 recast
1 reaction
mike perhats
@perhats
I think the network effects of Uber are pretty weak, and "brand network effects" are probably the weakest category of network effect. Highly geographically isolated, easy to achieve critical supply, marginal value to demand from adding a new node on the supply side is quickly asymptotic.
0 reply
0 recast
1 reaction
Saumya Saxena
@saxenasaheb
Varun consider looking at Namma Yatri’s model built on top of India’s ONDC stack. Game changing.
0 reply
0 recast
0 reaction
Haole
@haole
Then how about Lfyt? Didn't get your trust?
1 reply
0 recast
0 reaction
Kieran Daniels 🎩
@kdaniels.eth
Yes totally accurate. But their actual product is their logistical software. P2P would need that to compete and that’s big bucks and time.
0 reply
0 recast
1 reaction
kaitoren.eth
@kaitoren.eth
Uber and Airbnb sell the same thing, using different markets to do so. Only the real ones understand this.
0 reply
0 recast
0 reaction
helladj™
@helladj.eth
Why is that hard? It’s just a map with peoples locations and then attached credentials. You messaged them and say I need a ride here.
0 reply
0 recast
0 reaction
