Lessons Every Startup Can Learn from Uber’s Growth

Uber was founded just six years ago, but it’s already one of the fastest growing companies in the world. As an illustration of just how massive the company’s growth has been, Uber has reportedlycreated over 160,000 jobs in the United States alone and plans to create over a million more in the next five years. In 2014, it raised over 60% of all funding going to on-demand startups.

But while Uber is often held up as a remarkable case study on the potential of growth hacking, the company has also faced some serious challenges stemming from the short cuts it’s taken. As a result, there are a number of different lessons for entrepreneurs to take from Uber’s growth–both successes and mistakes.

Uber 101

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Image by JD Lasica

Uber is a ride sharing company that was founded in 2009 by Travis Kalanick and Garrett Camp, a successful technology entrepreneur that had previously launched Stumbleupon. After selling his first startup to eBay, Camp decided to create a new startup to address San Francisco’s serious taxi problem.

Together, the pair developed the Uber app to help connect riders and local drivers. The service was initially launched in San Francisco and eventually expanded to New York in 2010, proving to be highly convenient great alternative to taxis and poorly-funded public transportation systems. Over time, Uber has since expanded into smaller communities and become popular throughout the world.

There are a number of factors driving Uber’s growing popularity:

  • The service is more convenient than traditional cab companies.
  • It offers an alternative for consumers who have become disenfranchised with traditional corporate service models offered by other transportation companies.
  • Uber offers a higher level of customer service than traditional cab companies by employing drivers with pleasant personalities.
  • The service allows customers to rate their drivers, which makes it easier for the company to hold drivers accountable and improve quality control.
  • Uber customers can monitor their driver on a screen to estimate when they’ll arrive – a far preferable alternative to waiting an indeterminate amount of time for a no-show taxi.

As a result, Uber has been able to rapidly expand into new markets around the world. The company is expected to generate an astonishing $10 billion in revenue a year, despite growing competition from alternative ride sharing companies such as Lyft. Given current trends, it’s expected that the company will continue growing over the next few years.

However, Uber also faces some challenges that it will need to overcome to meet its lofty growth goals:

Read more here : http://indianbizparty.com/learning/lessons-every-startup-can-learn-from-ubers-growth/

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Jeff Bezos advices you to read “The Remains of the Day”

“The Remains of the Day”

Amazon founder and CEO Jeff Bezos lists Kazuo Ishiguro’s “The Remains of the Day” among his favorite books, citing its ability to teach readers about life and regret.

From Publishers Weekly

Greeted with high praise in England, where it seems certain to be shortlisted for the Booker Prize, Ishiguro’s third novel (after An Artist of the Floating World ) is a tour de force– both a compelling psychological study and a portrait of a vanished social order. Stevens, an elderly butler who has spent 30 years in the service of Lord Darlington, ruminates on the past and inadvertently slackens his rigid grip on his emotions to confront the central issues of his life. Glacially reserved, snobbish and humorless, Stevens has devoted his life to his concept of duty and responsibility, hoping to reach the pinnacle of his profession through totally selfless dedication and a ruthless suppression of sentiment. Having made a virtue of stoic dignity, he is proud of his impassive response to his father’s death and his “correct” behavior with the spunky former housekeeper, Miss Kenton. Ishiguro builds Stevens’s character with precisely controlled details, creating irony as the butler unwittingly reveals his pathetic self-deception. In the poignant denouement, Stevens belatedly realizes that he has wasted his life in blind service to a foolish man and that he has never discovered “the key to human warmth.” While it is not likely to provoke the same shocks of recognition as it did in Britain, this insightful, often humorous and moving novel should significantly enhance Ishiguro’s reputation here.

Characters and Themes, Motifs, and Symbols and more about the book.- a comprehesive link to have a look at.
http://www.sparknotes.com/lit/remains/summary.html

Authors interview/talk (general)
http://the-talks.com/interviews/kazuo-ishiguro/

Reviews

http://the-talks.com/interviews/kazuo-ishiguro/
http://www.theguardian.com/books/2012/aug/17/rereading-remains-day-salman-rushdie
http://www.slywy.com/the-remains-of-the-day/

Useful related link:

http://www.theguardian.com/books/2015/mar/04/the-buried-giant-review-kazuo-ishiguro-tolkien-britain-mythical-past

Editorial & Customer Reviews & Most Helpful Customer Reviews

Amazon
http://amzn.to/1kcWHDX
(also have a look at “See all Editorial Reviews” page please)

http://www.amazon.co.uk/The-Remains-Day-Kazuo-Ishiguro/dp/0571258247

Community Reviews

https://www.goodreads.com/book/show/28921.The_Remains_of_the_Day

 

Support this site and buy it from here : http://amzn.to/1kcWHDX

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