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Taxi industry and uber final

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Xiaoqi YE
Xiaoqi YE

The document discusses Uber and how it is one of the greatest innovations of Silicon Valley. It describes how Uber operates as a global ridesharing service using a smartphone app to arrange rides, with features like flexible pricing, no need to tip, and fast growth with over 300% annual growth rate. Uber's infrastructure allows users to get a ride anywhere within minutes and the company has seen over $1 billion in annual revenue from its top markets like New York City and San Francisco. The document contrasts Uber with the traditional taxi industry and other competitors like Lyft.

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GREATEST INNOVATION OF SILICON VALLEY - TAXI INDUSTRY AND UBER - Xiaoqi Ye - Dec. 2014
 TAXI Industry history  What is Uber  Why Uber is one of the greatest innovations of Silicon Valley  Infrastructure  The innovative pricing model  Overall success in innovation  The other attempts AGENDA
TAXI INDUSTRY HISTORY Daimler Victoria: first gas powered Taxi with Taximeter Hansoms cab in 1800’s
UBER  International operation  Flexible pricing model for rush hour ride, extreme weather condition and other situation  Payment all to Uber  No need to tip  Fast growth: 300%+ growth rate  Revenue 10Billion/year WHY UBER IS THE GREATEST INNOVATION OF SILICON VALLEY TAXI  Regional operation  70 years of fixed pricing  Payment to driver  Tips is preferred
WHAT IS UBER Uber is a ridesharing service headquartered in San Francisco, United States, which operates in multiple international cities. The company uses a smartphone application to arrange rides between riders and drivers.
INFRASTRUCTURES: UBER EVERYWHERE, UBER EMPIRES LOCAL V.S. GLOBAL INFRAUSTRUCTURE  Aug.2014 Uber announced its expansion into 24 more cities, bringing the worldwide total to 205 cities in 45 countries. Uber, as the company itself says, wants to be everywhere.  Within a min a user can find a Uber car no matter where they are
TAXI METER V.S. APPLE PAY
BREAKING FINANCE DATA IN TAXI INDUSTRY An annual run rate based on the December 2013 data for Uber's top five markets (NYC, D.C., San Francisco, Chicago, and Los Angeles) would generate about $1 billion a year. Uber's biggest revenue day last year may have been on Dec. 31, when it generated nearly $11 million across 60 markets. The company's year-over-year growth rate from New Year's Eve 2012 to New Year's Eve 2013 was a staggering 369%.
GLOBAL INFRASTRUCTURE: REVENUE BREAKDOWN
 An annual run rate based on the December 2013 data for Uber's top five markets (NYC, D.C., San Francisco, Chicago, and Los Angeles) would generate about $1 billion a year. Uber's biggest revenue day last year may have been on Dec. 31, when it generated nearly $11 million across 60 markets. The company's year-over-year growth rate from New Year's Eve 2012 to New Year's Eve 2013 was a staggering 369%. Read more: http://www.businessinsider.com/uber-revenue-rides-drivers-and-fares- 2014-11?op=1#ixzz3KR2K7rMs UNBER’S FINANCE
Lyft, founded in 2012 Sidecar, founded in 2013 Haxi, founded in 2013 OTHER PLAYERS
 Uber is the greatest innovation of Silicon Valley also globally.  It has global infrastructure and operation  Flexible pricing model  Fastest growth of 300%+ growth rate  It created a new industry globally SUMMARY , Q&A
Q&A

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Taxi industry and uber final

  • 1. GREATEST INNOVATION OF SILICON VALLEY - TAXI INDUSTRY AND UBER - Xiaoqi Ye - Dec. 2014
  • 2.  TAXI Industry history  What is Uber  Why Uber is one of the greatest innovations of Silicon Valley  Infrastructure  The innovative pricing model  Overall success in innovation  The other attempts AGENDA
  • 3. TAXI INDUSTRY HISTORY Daimler Victoria: first gas powered Taxi with Taximeter Hansoms cab in 1800’s
  • 4. UBER  International operation  Flexible pricing model for rush hour ride, extreme weather condition and other situation  Payment all to Uber  No need to tip  Fast growth: 300%+ growth rate  Revenue 10Billion/year WHY UBER IS THE GREATEST INNOVATION OF SILICON VALLEY TAXI  Regional operation  70 years of fixed pricing  Payment to driver  Tips is preferred
  • 5. WHAT IS UBER Uber is a ridesharing service headquartered in San Francisco, United States, which operates in multiple international cities. The company uses a smartphone application to arrange rides between riders and drivers.
  • 6. INFRASTRUCTURES: UBER EVERYWHERE, UBER EMPIRES LOCAL V.S. GLOBAL INFRAUSTRUCTURE  Aug.2014 Uber announced its expansion into 24 more cities, bringing the worldwide total to 205 cities in 45 countries. Uber, as the company itself says, wants to be everywhere.  Within a min a user can find a Uber car no matter where they are
  • 7. TAXI METER V.S. APPLE PAY
  • 8. BREAKING FINANCE DATA IN TAXI INDUSTRY An annual run rate based on the December 2013 data for Uber's top five markets (NYC, D.C., San Francisco, Chicago, and Los Angeles) would generate about $1 billion a year. Uber's biggest revenue day last year may have been on Dec. 31, when it generated nearly $11 million across 60 markets. The company's year-over-year growth rate from New Year's Eve 2012 to New Year's Eve 2013 was a staggering 369%.
  • 10.  An annual run rate based on the December 2013 data for Uber's top five markets (NYC, D.C., San Francisco, Chicago, and Los Angeles) would generate about $1 billion a year. Uber's biggest revenue day last year may have been on Dec. 31, when it generated nearly $11 million across 60 markets. The company's year-over-year growth rate from New Year's Eve 2012 to New Year's Eve 2013 was a staggering 369%. Read more: http://www.businessinsider.com/uber-revenue-rides-drivers-and-fares- 2014-11?op=1#ixzz3KR2K7rMs UNBER’S FINANCE
  • 11. Lyft, founded in 2012 Sidecar, founded in 2013 Haxi, founded in 2013 OTHER PLAYERS
  • 12.  Uber is the greatest innovation of Silicon Valley also globally.  It has global infrastructure and operation  Flexible pricing model  Fastest growth of 300%+ growth rate  It created a new industry globally SUMMARY , Q&A