Saturday, 11 April 2015

QUOTE BY SUE GREFTON * Ideas are easy. It's the execution of ideas that really separates the sheep from the goat *

Uber isn't just a single startup, it's essentially dozens of startups rolled into one because every time they enter a new city they have to establish themselves from essentially nothing (except whatever brand equity has reached the city ahead of them). This means finding/training drivers, marketing to consumers, and building out local staff to manage operations for that city. Uber was founded by Travis Kalanick And Garrett Camp in 2009 when they developed transportation network. . They  have a protocol of everything that must be done, and in what order, and by who, to ensure the best chance of success in a new city. So how has Uber grown so fast? Essentially, they figured out how to grow in one locale and were relentless about refining their launch process to recreate that initial success over and over in new cities. No plan works for every city, and they've had to adapt in many situations, but it is still a driving factor for their success. Uber Co-Founder and CEO Travis Kalanick explains, “In the beginning, it was a lifestyle company. You push a button and a black car comes up. Who’s the baller? It was a baller move to get a black car to arrive in 8 minutes.” Uber ‘s real skill is they have maniacal focus on delivering the best end-user experience, and relentless operational execution. ; Like most great consumer technology companies. No wonder,  what began in 2009 as a luxury car service in San Francisco is now valued at $3.76 billion and operates in more than 35 cities worldwide. As of 2013 ,  Google Ventures has officially cast their vote of confidence in the startup with a $258 million investment—a full 86% of their $300 million annual budget—and for good reason. The  revenue is up 18% month over month.


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