Connect with us

Hi, what are you looking for?

DOGE0.070.84%SOL19.370.72%USDC1.000.01%BNB287.900.44%AVAX15.990.06%XLM0.080.37%
USDT1.000%XRP0.392.6%BCH121.000.75%DOT5.710.16%ADA0.320.37%LTC85.290.38%
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Entrepreneurship

Entrepreneurship

How Startups Take Over: The World of Uber

Photo Via Uber Photo Via Uber
Photo Via Uber Photo Via Uber

Consider this: it’s raining on a Saturday “night” at three a.m., and you’re alone (and possibly tired/wasted/lost/cold etc. You could try to catch a cab (‘try’ being the operative word here), but the odds of that happening are slim at best. So you brave the rain and drudge on home, right? Wrong! Because with Uber, the most valuable startup that has sparked a transportation revolution, car-less civilians can be set up with a luxury vehicle in (literally) a matter of minutes—all from an app.

To its humble beginnings as any other standard Silicon Valley startup, Uber (originally based in San Francisco) has already expanded to a staggering forty-five countries. Uber’s piece-of-mind-enhancing features—from background checks, driver profiles, and anonymous feedback—along with its quick service are what really sets it apart from typically taxi services.

Via Uber

Via Uber

Once you create an Uber account, all it takes is a few clicks (where you’re located, what kind of car you would prefer, finalizing the transaction with the “request” button) before you never have to worry about getting caught in the rain again (or, say, when you oversleep/loathe subways/just because you’re feeling tired). Valued at an approximate $18.2 billion, Uber effortlessly beat out other profitable startups such as Airbnb, Dropbox, and Xiaomi—all of which are valued at a considerably lesser $10 billion, according to Statista.com.

CEO Travis Kalanick said, “The company has evolved from being a scrappy Silicon Valley tech startup to being a way of life for millions of people in cities around the world,” Kalanick told Fox Business. He says that it is Uber’s “mission to turn ground transportation into a seamless service and to enable a transportation alternative in cities that makes car ownership a thing of the past.”

Via Business Insider

Via Business Insider

With an annual revenue of approximately $213 million for 2013, according to TechCrunch.com-confirmed financial statements, it is safe to say that Uber will continue to be a constant power force in the transportation industry (not that the company is a stranger to a fair share of driver protests and bad publicity). It is quite evident that Uber’s smalltime startup days are officially over, with global expansion happening every day, and new additions to the company (such as UberPool, a kind of carpooling service designed to cut transportation costs even further, and UberRush, a Manhattan-only delivery service) taking off.

Will Uber’s consistent profits continue to reign supreme in the transporation industry? Do they ever plan on expanding their services (perhaps bringing UberRush to other cities—and maybe even countries—if it succeeds in Manhattan?) to more residential areas? All of these questions are just some of the daily issues and conundrums faced by any growing startup.

 

Photo Via Uber


Comment Template

You May Also Like

Business

Small Business Marketing With Limited Time and Resources Thriving Against the Odds: The Ultimate Guide to Small Business Marketing on a Tight Schedule and...

Business

Strategic Online Coaching Presence: Your Expertise, Our Strategy: Elevate Your Online Coaching Business with Powerful Marketing Tactics Key Takeaways: Identify your target audience and...

Business

Small Business Success Stories: Big Impact, Small Budget: Unleashing the Power of Local Marketing for Small Businesses Key Takeaways: Build strong connections with your...

Online Business

Navigating Online Business Marketing Without Paid Ads Cracking the Code: The Ultimate Guide to Amplify Your Online Business—No Paid Ads Needed Key Takeaways: Create...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok