Uber Joins Lyft in Race to Tap Investors • Hacker News Board

Re: Uber Joins Lyft in Race to Tap Investors

#121

Post by eeeeeeeeeeeee » Sat, Dec 08, 2018, 1:00 PM UTC

lsc wrote: post #109

quickthrower2 wrote: post #98

Earlier quoted context omitted.

It's hard to replicate the chicken and egg market of drivers and passengers.

I don't think it is? most drivers I've asked have used both uber and lyft and would switch for special incentives; I know a lot of passengers who only use lyft because of the bad reputation uber has, but of the uber riders, most of them also have lyft, and switch based on incentives. I mean, you need a critical mass in a short period of time within an area, but that's just a matter of throwing money at the problem, a…

Yep, most drivers I’ve talked to also have pretty close communities of fellow Uber and Lyft drivers. They talk a lot and share tips and information. A better offer is all it would take people to jump ship.

Re: Uber Joins Lyft in Race to Tap Investors

#122

Post by charlesdm » Sat, Dec 08, 2018, 1:25 PM UTC

vadym909 wrote: post #11

sethbannon wrote: post #3

Just when you thought bay area housing pries couldn't get any crazier, Uber files for IPO same week as Lyft.

Its a race against the market slowdown. The 6 months cooling (waiting time) is going to be the most nerve racking for employees wanting to sell.

Sounds like they might be better off selling now, on the secondary market.

Re: Uber Joins Lyft in Race to Tap Investors

#123

Post by estsauver » Sat, Dec 08, 2018, 1:28 PM UTC

nihonde wrote: post #120

rayshan wrote: post #104

Earlier quoted context omitted.

Not at all, but you're welcome to share the results with us and get additional help / advice. I won't sell you on how seriously we take security and privacy. I built IPO Ready with IPO lawyers and let's just say they don't mess around. Details are in the Terms of Use in the footer.

IAAL. It’s odd that Orrick doesnt mention how the data submitted will be handled. It’s not addressed in the Terms of Use, and there doesn’t seem to be any privacy policy. Also, the fact that you side-stepped a very straightforward question (“What will you do with my data?”) by citing the bona fides of your lawyers is a red flag. Just saying...

I mean, Orrick's name is generally enough for me. They're our lawyers, and talking with any of their partners is like talking with the best engineer you've ever worked with. They just pull apart whatever they're working with.

I mean, who knows, but their reputation is worth so much more than a privacy policy that it's actually enough for me.

Re: Uber Joins Lyft in Race to Tap Investors

#124

Post by pfarnsworth » Sat, Dec 08, 2018, 2:36 PM UTC

lawrenceyan wrote: post #114

pfarnsworth wrote: post #76

Earlier quoted context omitted.

No they didn't. Ever since the new CEO joined, he said 2019.

https://www.reuters.com/article/us-uber-ceo-idUSKCN1BA0JL > "His plans include rebuilding Uber’s culture and growing market share as well as possibly conducting an initial public offering in 18 to 36 months, according to people who attended the meeting. It is common for venture capital-backed companies to signal an IPO at a vague time in the future." That Uber has chosen to go towards an earlier IPO rather than later…

What you're saying is absolute bullshit.

https://techcrunch.com/2017/11/09/uber-ceo-says-2019-is-the-...

He publicly stated over a year ago that 2019 was the year to IPO. To characterize this as a "rush" is being disingenuous. The 36 months that you're pointing to was never public, so who knows if was even correct or what the context was. His first PUBLIC statement above was 2019, and that was only 3 months after he joined Uber, so 2019 has been the year he has ALWAYS stated publicly.

Re: Uber Joins Lyft in Race to Tap Investors

#125

Post by nihonde » Sat, Dec 08, 2018, 2:38 PM UTC

estsauver wrote: post #123

nihonde wrote: post #120

Earlier quoted context omitted.

IAAL. It’s odd that Orrick doesnt mention how the data submitted will be handled. It’s not addressed in the Terms of Use, and there doesn’t seem to be any privacy policy. Also, the fact that you side-stepped a very straightforward question (“What will you do with my data?”) by citing the bona fides of your lawyers is a red flag. Just saying...

I mean, Orrick's name is generally enough for me. They're our lawyers, and talking with any of their partners is like talking with the best engineer you've ever worked with. They just pull apart whatever they're working with. I mean, who knows, but their reputation is worth so much more than a privacy policy that it's actually enough for me.

As a former BigLaw lawyer, I find this attitude very misguided and mildly depressing. I’ve worked with good lawyers and bad at firms with big brand names. As firms consolidate further into thousands of lawyers under one name, the variable quality of their advice only increases.

Anyway, even a junior attorney should know that answering the question “what will we do with your data?” is table stakes for putting a form online, especially one that is soliciting your private business information.

(Edited to clarify that even where privacy policy is not required, you still should tell people what you’re going to do with their submissions.)

Re: Uber Joins Lyft in Race to Tap Investors

#126

Post by taneq » Sat, Dec 08, 2018, 2:47 PM UTC

quickthrower2 wrote: post #101

taneq wrote: post #54

Earlier quoted context omitted.

Kind of like big mining companies aren't actually mining companies, they're finance and investment companies. The actual mining is done by contractors three or four tiers down in the contract stack.

No company is a what it actually does company.

True, but I'd phrase it as "no big company is actually a what-you-think-it-is company."

Re: Uber Joins Lyft in Race to Tap Investors

#127

Post by almost_usual » Sat, Dec 08, 2018, 5:03 PM UTC

dilyevsky wrote: post #44

almost_usual wrote: post #9

Earlier quoted context omitted.

Prices have actually been dropping recently

That. Funny enough redfin stubbornly shows my property is gradually up 6% since jan 1st with no drop while I know it’s been +15% just 6 months ago

It’s not unusual to find homes now that have been on the market for over a month and are well below their original list price. That used to not be the case until August.

A friend of mine has been a bankruptcy lawyer in the city since the early 90s and expects rents / property values to significantly shift 6-8 months from now. Who knows maybe it’s all ‘baloney’.

I’m not in the market, we already own a home in the city. It’s just interesting to observe the trend.

Re: Uber Joins Lyft in Race to Tap Investors

#128

Post by almost_usual » Sat, Dec 08, 2018, 5:05 PM UTC

linkregister wrote: post #107

spaceflunky wrote: post #78

Earlier quoted context omitted.

Prices where? In Las Vegas? Maybe. In the bay area? no.

Las Vegas prices are up 5% YoY [1]. San Francisco prices continue to climb and inventory is low [2]. Some regional Bay Area markets are experiencing a slowdown but most are not. 1. https://www.trulia.com/real_estate/Las_Vegas-Nevada/ 2. https://www.bayareamarketreports.com/trend/san-francisco-hom...

You can go on Trulia right now and find homes that have been on the market for over a month and are below their listing price in San Francisco. Things cooled off around August.

Re: Uber Joins Lyft in Race to Tap Investors

#129

Post by almost_usual » Sat, Dec 08, 2018, 5:10 PM UTC

spaceflunky wrote: post #78

almost_usual wrote: post #9

Earlier quoted context omitted.

Prices have actually been dropping recently

Prices where? In Las Vegas? Maybe. In the bay area? no.

In San Francisco and the Bay Area yes. Things cooled off around August. Not sure where you got Las Vegas from.

Re: Uber Joins Lyft in Race to Tap Investors

#130

Post by dawhizkid » Sat, Dec 08, 2018, 6:18 PM UTC

quickthrower2 wrote: post #100

arcticbull wrote: post #80

Earlier quoted context omitted.

Something tells me property values are going up again. It's been a little weak lately but not after this.

What's the MO for a tech millionaire, do you retire in the bay area or f-off to somewhere where you can retire in luxury? Or keep grinding in SF?

A rank and file employee at one of these cos unless very early is not necessarily getting so much after taxes that they can retire in SF following an IPO...it's house money, not necessarily retirement money.