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Waymo seeking about $16B near $110B valuation

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201–210 of 348 posts

Re: Waymo seeking about $16B near $110B valuation

#201
post #7

Why does Google need outside investors? Is it a play to get a “serious” valuation since it would be vetted by outside parties? I guess Im questioning why Waymo doesn’t just IPO, or raise 100% private raise by Google.

Why risk your own money, when you can risk others'?

Re: Waymo seeking about $16B near $110B valuation

#202
post #70

Earlier quoted context omitted.

For me, this is the major selling point to own a car. I may drive a few times a week, and taxis might be much cheaper, but no way I'm going to deal with human taxi drivers if I have a choice.

This seems weird to me, maybe it's a generational thing. Is it really that bad to share a car with someone? You don't have to talk to them the whole time.

[deleted]

Re: Waymo seeking about $16B near $110B valuation

#203

Earlier quoted context omitted.

I used to feel this way. In the early days of "ride sharing," I preferred Lyft and would sit up front so I could have a conversation with the driver, which they encouraged. It was really fun for a while, and I enjoyed meeting people from different walks of life. Over time, though, transportation became much more functional for me, and now when I take non-autonomous rides, it's more irksome than enjoyable when drivers…

Taxis daily! In a country without trains, is that normal?

Driving to work is the most common way of commuting everywhere in the US except NYC. So in that sense, no, taking a taxi to work daily is not normal, just as walking, biking, and taking public transit aren’t normal.

When I worked in San Francisco I took Caltrain to the city, but I took Waymo from the train station to the office. San Francisco, like almost all US cities, has poor local transit coverage. In my case there was a bus that took a similar route, but it only ran every 20 minutes even during commute hours and wasn’t coordinated with the train, so if everything was running on time it would have been a 17 minute wait (plus an extra 5 minutes walking). I was busy and well paid enough that spending the extra $10 to save ~20 minutes of travel (and the uncertainty of when the bus would arrive, and how strongly it would smell like piss) was well worth it.

Re: Waymo seeking about $16B near $110B valuation

#204

I presume if you invest in Google you are indirectly (but significantly) invested in Waymo, like it is with Anthropic? Waymo is the best service I've used in many, many years. The jump from Uber->Waymo is similar to the quality jump from Taxi->Uber 12 years ago, but I don't see an obvious way for Waymo to get enshittified.

"Please watch these ads before we start the ride. Any attempt to not look at the ads by looking away from the screen or closing your eyes will automatically cancel the ride."

https://external-content.duckduckgo.com/iu/?u=http%3A%2F%2Ft...

Re: Waymo seeking about $16B near $110B valuation

#205
post #70

Earlier quoted context omitted.

For me, this is the major selling point to own a car. I may drive a few times a week, and taxis might be much cheaper, but no way I'm going to deal with human taxi drivers if I have a choice.

This seems weird to me, maybe it's a generational thing. Is it really that bad to share a car with someone? You don't have to talk to them the whole time.

"Yes it is that bad" - every woman I've ever talked to.

Re: Waymo seeking about $16B near $110B valuation

#206
post #143
post #7

Why does Google need outside investors? Is it a play to get a “serious” valuation since it would be vetted by outside parties? I guess Im questioning why Waymo doesn’t just IPO, or raise 100% private raise by Google.

Money from Google internally might be subject to internal power dynamics and come with strings attached. Having reliable outside funding from people who don't get a say in things might be a better alternative for a project that doesn't want to end up as Stadia 2.0 .

I think some of the external investors have board seats, so the outside people do get a (small) say in things. And to your point, that's probably also a good thing for avoiding another Stadia mistake.

Re: Waymo seeking about $16B near $110B valuation

#207
post #7

Why does Google need outside investors? Is it a play to get a “serious” valuation since it would be vetted by outside parties? I guess Im questioning why Waymo doesn’t just IPO, or raise 100% private raise by Google.

Why would you bet your own money when you could bet someone else’s?

Alphabet is only giving up around a 3% stake. They continue to own most of it, and mostly bet their own money.

Re: Waymo seeking about $16B near $110B valuation

#208

Earlier quoted context omitted.

I used to feel this way. In the early days of "ride sharing," I preferred Lyft and would sit up front so I could have a conversation with the driver, which they encouraged. It was really fun for a while, and I enjoyed meeting people from different walks of life. Over time, though, transportation became much more functional for me, and now when I take non-autonomous rides, it's more irksome than enjoyable when drivers…

Taxis daily! In a country without trains, is that normal?

According to [1] the median Bay Area big tech worker earns $272k/year - or $130/hour.

According to [2] Uber drivers make $15 to $25 an hour, before expenses like fuel.

So while it's not normal it's certainly plausible that some people take taxis on a daily basis.

More broadly, as levels of wealth inequality rise in a given society, more people end up working in the personal service sector doing things like cleaning, food delivery, taxi driving etc.

[1] https://www.levels.fyi/t/software-engineer/locations/san-fra... [2] https://www.triplog.net/blog/how-much-do-uber-drivers-make

Re: Waymo seeking about $16B near $110B valuation

#209

Earlier quoted context omitted.

Im fortunate to live in an area dense with traditional taxis and Ubers, no Waymo yet. I rarely take taxis, the exception is when I have to haul my gear to the studio for a jam session. I always take a taxi, because it’s cheaper and faster than using an app to call an uber. On 80% of the trips, I end up having a nice chat with the driver and learn something new about humanity or myself. I really enjoy these interactio…

As a former Lyft driver in SF I felt kinda weird when saw the bit about urination. Like, that's just not a problem. As a driver you just plan ahead as in any other job out there where you're not allowed to disengage at a whim. Pilots and surgeons don't pee in bottles, why would drivers? It's kinda funny when people try to empathize but come up with these creative scenarios of what's challenging. The parts that are ba…

Pilots and surgeons surely have easily accessible bathrooms as a part of their workplace, no? They’re also compensated significantly more and (IMHO) given a lot more dignity

In my city public bathrooms are extremely rare and it’s not trivial to find one. I’m sure taxi drivers are a bit more in tune with where they are out of necessity but even then it’s no guarantee they can find convenient parking/be in the right place/etc.

Re: Waymo seeking about $16B near $110B valuation

#210
As someone who lives in a city with a lot of Waymos (Atlanta), I do not understand why anyone considers these things more than an early test or a novelty.

From an outside perspective, they're constantly obstructing traffic and driving in erratic and confusing ways. It's gotten to a point that if I see one ahead of me, I'll turn down the next block and change my route to avoid being behind it and dealing with whatever slowdown its about to cause.

I took one once via Uber with some coworkers and it was also jarring to ride in. I'd rather take my chances with a random human.

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