Uber Sets Valuation Record of $17B in New Funding
bloomberg.com
Uber Sets Valuation Record of $17B in New Funding
1–10 of 146 posts
Re: Uber Sets Valuation Record of $17B in New Funding
#2Congrats to Uber, as someone that moved to the Bay Area a little over a year ago, this company has been one of the most reliable and helpful services I've used. It's amazing the growth they've had.
Re: Uber Sets Valuation Record of $17B in New Funding
#3Irrational exuberance?
Re: Uber Sets Valuation Record of $17B in New Funding
#4The "this valuation is crazy" and "this proves a bubble" comments are filling up my Twitter feed and HN, but I couldn't disagree more. Call me crazy, but I think this valuation is completely fair. For a few reasons:
Uber has serious revenue. They do more trips in San Francisco than taxis do. This isn't a pie-in-the-sky "there will be money there, I'm sure of it" thing. They bring in billions, and they're starting to win entire markets.
The on-demand-transportation market is enormous. I can literally see a future in which the majority of the taxi industry is now called "Uber." That's a big freaking deal.
What Uber can do doesn't even stop at "transportation." How many "Uber for X" startups have you seen? Uber could be all of them, and do all of that. They've nailed the difficult math behind the logistics issues - basically a scaled version of the traveling salesman problem. They do real math, and solve real problems.
I imagine a world where you can get anything on demand in minutes, and in that scenario Uber is the taxi, UPS, FedEx, etc. at the same time.
In a few years when self-driving cars become the norm (crossing my fingers), Uber will be even more valuable. I may be dreaming, but empty cars you can grab any time and take anywhere or request anything... it really is a beautiful thing.
Re: Uber Sets Valuation Record of $17B in New Funding
#5how many people use taxi these days? and how often?
$17B, it got to be crazy.
Re: Uber Sets Valuation Record of $17B in New Funding
#6The "this valuation is crazy" and "this proves a bubble" comments are filling up my Twitter feed and HN, but I couldn't disagree more. Call me crazy, but I think this valuation is completely fair. For a few reasons: Uber has serious revenue. They do more trips in San Francisco than taxis do. This isn't a pie-in-the-sky "there will be money there, I'm sure of it" thing. They bring in billions, and they're starting to…
"They've nailed the difficult math behind the logistics issues - basically a scaled version of the traveling salesman problem."
This is so much bullshit it makes my eyes hurt. They "talk" about this a lot but it's not even related dude! Read some books.
Re: Uber Sets Valuation Record of $17B in New Funding
#7The "this valuation is crazy" and "this proves a bubble" comments are filling up my Twitter feed and HN, but I couldn't disagree more. Call me crazy, but I think this valuation is completely fair. For a few reasons: Uber has serious revenue. They do more trips in San Francisco than taxis do. This isn't a pie-in-the-sky "there will be money there, I'm sure of it" thing. They bring in billions, and they're starting to…
Exactly, this valuation doesn't sound insane. They actually have a revenue model, where they are generating cash, and it's not based on some wishy-washy "we plan on doing ads" plan in the future.
Re: Uber Sets Valuation Record of $17B in New Funding
#8My friends find it super convenient in their lives. That's what providing value is.
Re: Uber Sets Valuation Record of $17B in New Funding
#9The "this valuation is crazy" and "this proves a bubble" comments are filling up my Twitter feed and HN, but I couldn't disagree more. Call me crazy, but I think this valuation is completely fair. For a few reasons: Uber has serious revenue. They do more trips in San Francisco than taxis do. This isn't a pie-in-the-sky "there will be money there, I'm sure of it" thing. They bring in billions, and they're starting to…
http://www.washingtonpost.com/blogs/dr-gridlock/wp/2014/06/0...
Given they are getting banned in entire markets, I think this evaluation is crazy.
UPS, Fedex, etc already have software just as advanced for planning their routes. Uber isn't going to magically beat them somehow. Heck, part of why they lean on the USPS is there is some economics in delivery outside of big cities that create a situation where it makes no sense for more than 1 delivery company to deliver for the entire area (and even then the USPS loses money on rural deliveries in some areas!).
EDIT: To be clear, I'm not saying this proves a bubble...I'm just saying Uber is overvalued given the fact they are going to get hit with regulations eventually that will squeeze their margins or be forced to retreat from numerous markets.
Re: Uber Sets Valuation Record of $17B in New Funding
#10Prepending Edit: If you're reading this and have a lot more familiarity in how investments of this kind are made, and what kinds of things these investors are thinking, I really am making this post looking for education. I didn't finish college, and don't know a lot, but I'm trying. If you'd rather not stir the pot by talking here, my e-mail is in my profile.
The one thing that makes me skeptical about this, is historical data. From what I'm seeing, the entire US Taxi/Limo market is $11bn in value. So for them to achieve this, they'd need ~80%+ market share in the US, plus a high market share in both Europe and Asia. This is a valuation that smells similar to the WhatsApp deal, where the timeline to succeeding this valuation is 15-20 years out.
Is there some data I'm missing here that implies my data(from [1] for example) is flawed? Or that maybe this isn't such an out-there valuation, by way of possible growth from ridesharing, or other avenues Uber could explore without straying too far from their primary purpose?