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I think the author hit this point by accounting for an accelerated growth of the "underserved" taxi market. He puts it at 6% YOY - what do you estimate it to be
by beering 12y ago
I think the author hit this point by accounting for an accelerated growth of the "underserved" taxi market. He puts it at 6% YOY - what do you estimate it to be?
- deleted 12y ago[deleted]
- fraserharris 12y agoSF (Uber's most mature market) has grown 20%+ YOY from 2009 - 2014 based on some rough math: "When we got this company started (in 2009) we were pitching the seed round and we pulled a bunch of research from this report that showed that San Francisco total spend on taxi and limo was like 120 million bucks. But we’re a very healthy multiple bigger than that right now, just Uber in SF. So it’s not about the market that exists, it’s about the market we’re creating." - Travis Kalanick [1] http://blogs.wsj.com/digits/2014/06/06/uber-ceo-travis-kalanick-were-doubling-revenue-every-six-months/ http://blogs.wsj.com/digits/2014/06/06/uber-ceo-travis-kalan...