Uber Raises Funding at $62.5B Valuation • Hacker News Board

Re: Uber Raises Funding at $62.5B Valuation

#101

Post by jacques_chester » Fri, Dec 04, 2015, 12:16 AM UTC

rdtsc wrote: post #28

prbuckley wrote: post #7

Lyft "lost $127 million in the first half of 2015 on $46.7 million in revenue, according to the documents. Lyft said last month that it has gained market share in key markets, such as San Francisco, and has a gross revenue “run rate” of $1 billion." I had no idea lyft was losing 3x the their revenue. That is crazy.

Because most people Uber...? It became a "verb" and well, here we know what that means: "xerox that paper", "google this term"... Nobody is Lyft-ing and everyone is Uber-ing. Once it's verbified, it's hard for competitors to overcome it. I, for one, have used neither. But I have friends and family who travel a lot. Some are in their 20s, 30s, and some in the 60s and they all say they Uber places vs taking a taxi. The…

> Once it's verbified, it's hard for competitors to overcome it.

And how much Xeroxing is done on Xeroxes?

Re: Uber Raises Funding at $62.5B Valuation

#102

Post by SeeDave » Fri, Dec 04, 2015, 1:59 AM UTC

mikeyouse wrote: post #99

dsugarman wrote: post #64

>The number is typically calculated by annualizing a recent week, month, or quarter of the company's gross revenue, which means actual annual revenue may differ substantially. Maybe I am reading this the wrong way but in broader context of this article it reads as they are trying to say that the actual revenue may be much lower. They should explicitly say that for a growth company like Uber, the actual revenue # woul…

Uber, Lyft, Airbnb, etc. all typically report 'Gross Revenue' which is pretty misleading since the majority of Gross Revenue is passed through to the driver / apartment owner -- That may be what that sentence is in reference to. The interesting number is 'Net Revenue' which is how much Uber actually receives to pay their bills, etc. Quick example, if 10 riders take an Uber and their cost is $20/each, Uber would repor…

From my limited understanding, I believe Groupon tried something similar and was shut down by the SEC during IPO.

Re: Uber Raises Funding at $62.5B Valuation

#103

Post by rdtsc » Fri, Dec 04, 2015, 2:31 AM UTC

jacques_chester wrote: post #101

rdtsc wrote: post #28

Earlier quoted context omitted.

Because most people Uber...? It became a "verb" and well, here we know what that means: "xerox that paper", "google this term"... Nobody is Lyft-ing and everyone is Uber-ing. Once it's verbified, it's hard for competitors to overcome it. I, for one, have used neither. But I have friends and family who travel a lot. Some are in their 20s, 30s, and some in the 60s and they all say they Uber places vs taking a taxi. The…

> Once it's verbified, it's hard for competitors to overcome it. And how much Xeroxing is done on Xeroxes?

Well I am guessing paper copies are not as popular, printer became popular, and then well, not having paper at all became popular. But back in the day it was done a lot. And it was just an example of how some product turns into a verb. But we are not talking about a 20 year old company here. In 20-30 years will people be Uber-ing? I am guessing not. They somethingelse-ing....

Re: Uber Raises Funding at $62.5B Valuation

#104

Post by fricken4 » Fri, Dec 04, 2015, 4:41 AM UTC

blizkreeg wrote: post #41

mwnz wrote: post #35

Earlier quoted context omitted.

Successful for the company. Not necessarily the population.

I'd disagree with that. It is providing a means of income for many who are unemployed/underemployed. It's much better than nothing. It probably can be better, but most of these drivers aren't complaining.

Ooh, better than nothing. Sounds enticing.

Re: Uber Raises Funding at $62.5B Valuation

#105

Post by chris_va » Thu, Dec 10, 2015, 10:01 PM UTC

askafriend wrote: post #83

chris_va wrote: post #70

Funding rounds are usually preferred stock (though I hear Uber may have done some common stock in the last round, anyone know more?). Preferred stock gets paid out first, so the actual "valuation" here is less meaningful. Preferred investors would still make a profit if Uber exited for $8B instead of 62.5B.

How will this affect the employees?

After the preferred money is paid out, the preferred stock converts to common stock at some multiplier. The multiplier is usually 1x, though it varies. At that point, whatever money is left is generally split between all common shareholders (investors and employees).