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Side note: UBER is valued at several billions higher than the entire taxi + Limo industry in the US ($11B). Uber is probably creating more demand then there was
by rokhayakebe 12y ago
Side note: UBER is valued at several billions higher than the entire taxi + Limo industry in the US ($11B). Uber is probably creating more demand then there was before. If correct, entrepreneurs should take the untapped part of industries into consideration when sizing their markets.
- prostoalex 12y agoHow did you arrive at the valuation of the entire taxi+limo industry?
- rokhayakebe 12y agoFeast, my friend https://www.ibisworld.com/industry/home.aspx https://www.ibisworld.com/industry/home.aspx.
- prostoalex 12y agoThis https://www.ibisworld.com/industry/default.aspx?indid=1951 https://www.ibisworld.com/industry/default.aspx?indid=1951 implies 1-year revenue is $11 billion. It's different from valuation unless 1x happens to be the valuation multiple.
- rokhayakebe 12y agoYou are correct.
- xtrumanx 12y agoWhenever I see someone say a certain market or industry's valuation, I've always wondered what would be a good place to source that kind of information. IBIS seems to be focused on the US market. Do you know someplace focused on the global market?
- rokhayakebe 12y agoIBIS have both global & local. Some industries are just hard to quantify.