4 ms·
Lyft is an inadequate competitor to Uber. You can't compete with Uber if you have a very similar business plan, a plan that involves taking too much money from
by rockarage 11y ago
Lyft is an inadequate competitor to Uber. You can't compete with Uber if
you have a very similar business plan, a plan that involves taking too much money from drivers. The problem with all these platforms is that they believe they have to become fat middle men to satisfy their investors. I'm working on a platform that will exploit this inefficiency in the market.
- Everhusk 11y agoCurious about what you're working on... hit me up (link in my profile) if you want to chat. I'm working on something similar.
- brianwawok 11y agoSo like Uber but with lower fees? Uber is losing hundreds of millions of dollars with "high" fees. So I guess you need an investment of 20 billion or so to compete?
- rockarage 11y agoYes lower fees for drivers and passengers. Uber is wasting too much money on shtick marketing, too many managers & executives and expanding to other countries with anticompetitive laws. My approach will involve a relatively smaller operating team. We will not need 20 billion to compete directly with Uber, because our goals are different from Uber. Having Uber as a competitor provides a clear contrast for potential drivers and customers. Easier to compete when you are lean & understand the market.
- brianwawok 11y agoHave you ever grown a two sided marketplace? Especially in a marketplace with popular competitors? How do you plan to do this without advertising or throwing money at people (like driver signup bonuses)?
- st3v3r 11y agoAre you honestly trying to say you understand the market better than Uber?
- pbreit 11y agoLyft already has substantially lower driver fees. At 30 hours/week it only takes 10% and at 50 hours/week it takes 0%.
- rockarage 11y ago10% is a bit higher than we need to charge and 0% is not sustainable. This why Lyft is burning so much money. No need to do 0% percent, sensible drivers know you need to make some money too.
- pbreit 11y agoWell, if Lines work out in Lyft's favor, it could in theory make money (or lose money) even at 0% take rate. But of course, not all driver are getting 0% so it is viable.
- uptown 11y agoHere's Uber's long-term plans ... sanitized in the online version: https://twitter.com/neilanalien/status/627873374505562112 https://twitter.com/neilanalien/status/627873374505562112
- randycupertino 11y agoThat's absolutely hilarious. I love how Uber made them redact their "secret plan" for the online edition!