[fubermotion]

Uber and Lyft are burning to the ground. Investors, analysts, drivers and passengers are pessimistic about both companies.

There is a wide-open opportunity RIGHT NOW to build an app and go into business, riding on the backs of these failing companies.

Its really fairly simple:

Price the passenger rides at a price point slightly lower than taxi rates.

Give the drivers 80% of the gross proceeds.

Provide incentives to both riders and drivers to use the app. Something very simple, such as loyalty/performance preferences will suffice.

You could build a multi-billion dollar company practically over night.

Do it!

 

[mghtyred]

I've talked to a few folks about developing a P2P rideshare app, but so far none of the people I'm talking to see a way to generate enough profit to make it worthwhile for them to create. If we could find some altruistic coders, it could be just the thing we need to take this whole thing back.

 

[UberIsAllFubared]

You missed the point about needing 20 BILLION dollars to get it off the ground. In order for any rideshare app to work you need platform reliability. In other words, you need a driver on every corner so the pax knows/thinks they can get a ride whenever they need one. In order to do this, you are going to have to dump a ton of money on driver signups. Oh, and you are going to have to dump a ton of money into advertising your product. Better to buy uber/lyft at $2 a share and revamp the company.

The problem is, after lyft and ubers stunning stock TANK, no one is going to invest in another rideshare for the foreseeable future.

 

[fubermotion]

I've talked to a few folks about developing a P2P rideshare app, but so far none of the people I'm talking to see a way to generate enough profit to make it worthwhile for them to create. If we could find some altruistic coders, it could be just the thing we need to take this whole thing back.

LOL, drivers are not going to create anything effective. The big guns can reach 100% of the market literally overnight, with their embedded tech reach. Nobody else can do that.

No need to pay driver signup incentives when drivers will get 80% of a much larger fare then what they get now. Riders will have no choice but to use the new app, because drivers will simply turn off Uber and Lyft after a short period of time.

 

[mghtyred]

LOL, drivers are not going to create anything effective. The big guns can reach 100% of the market literally overnight, with their embedded tech reach. Nobody else can do that.

No need to pay driver signup incentives when drivers will get 80% of a much larger fare then what they get now. Riders will have no choice but to use the new app, because drivers will simply turn off Uber and Lyft after a short period of time.

LOL. The people I've been talking to aren't drivers.

 

[fubermotion]

LOL. The people I've been talking to aren't drivers. :wink:

I see... so, you're not a driver?

You missed the point about needing 20 BILLION dollars to get it off the ground. In order for any rideshare app to work you need platform reliability. In other words, you need a driver on every corner so the pax knows/thinks they can get a ride whenever they need one. In order to do this, you are going to have to dump a ton of money on driver signups. Oh, and you are going to have to dump a ton of money into advertising your product. Better to buy uber/lyft at $2 a share and revamp the company.

The problem is, after lyft and ubers stunning stock TANK, no one is going to invest in another rideshare for the foreseeable future.

20 billion is not needed. The press will be free and for the taking. These are the 2 biggest IPO crashes in history. If someone doesn't jump in and pickup the pieces, a huge opportunity will be wasted. Rideshare is not going to disappear. Why stand by and watch U/L drive ridesharing into the ground?

Uber 2018 gross bookings: $50 billion
Lyft 2018 gross bookings: $8 billion
Total gross bookings = $58 billion

Apple steps in and wipes them both out. Let's say they lose 30% off the top in their first year, due to fares being higher and shedding customers. That still leaves $40 billion in gross bookings.

They keep 20% of the gross fares, so that's $8 billion first year net proceeds. That's a lot of cheddar to work with to operate a leaner operation, not making the mistakes Uber and Lyft made.

 

[Tank_Driver]

The problem is, after lyft and ubers stunning stock TANK, no one is going to invest in another rideshare for the foreseeable future.

Thank you for mentioning my name. I'm honored.

 

[UberIsAllFubared]

So how much do you think it will take to start up? I'm curious to know?

First off, lets say you are right, even though you are NOT, but for shts and giggles, lets say every single driver stops working for these two companies, you still have to get riders to use the new company. Do you have any idea how much money it takes to get branding started? For pax to feel safe using another app? For pax to even know another app is available. I drive people now that don't even know Lyft exists. So you can have all the drivers at every corner you want, if you ALSO don't have the pax, it doesn't really mean anything. Come on dude, rates are .6 a mile on uber, and there is hardly any surge... stupid people are still driving uber for base all the time.

Is this "new" app going to be across the United States and world wide? If yes, keep adding zeros to the capital investment. And if its going to be just like Breeze in SD, then pax aren't going to be able to use it when they fly to Pittsburgh or Washington. People love the fact that they can get a uber in pretty much any big city.

Like I said, this industry takes a lot of upfront capital to get off the ground. I highly doubt there will be another rideshare app come along anytime in the near future. More than likely, a big company buys uber/lyft when they hit the teens as their stock price.

 

[uberist]

Uber and Lyft are burning to the ground. Investors, analysts, drivers and passengers are pessimistic about both companies.

There is a wide-open opportunity RIGHT NOW to build an app and go into business, riding on the backs of these failing companies.

Its really fairly simple:

Price the passenger rides at a price point slightly lower than taxi rates.

Give the drivers 80% of the gross proceeds.

Provide incentives to both riders and drivers to use the app. Something very simple, such as loyalty/performance preferences will suffice.

You could build a multi-billion dollar company practically over night.

Do it!

Why the F does everyone think Rideshare should be lower then taxi rates, they could be 25% higher and people would still take a rideshare over taxi.

 

[oicu812]

Someone should just invent teleportation. It'll make rideshare obsolete.

 

[Wolfgang Faust]

Uber and Lyft are burning to the ground. Investors, analysts, drivers and passengers are pessimistic about both companies.

There is a wide-open opportunity RIGHT NOW to build an app and go into business, riding on the backs of these failing companies.

Its really fairly simple:

Price the passenger rides at a price point slightly lower than taxi rates.

Give the drivers 80% of the gross proceeds.

Provide incentives to both riders and drivers to use the app. Something very simple, such as loyalty/performance preferences will suffice.

You could build a multi-billion dollar company practically over night.

Do it!

Look up EverTransit... app is already built

 

[Selector19]

Facebook stock lost 50% of its value in the first 3 months of its IPO in 2012 and we all know where it is now. So let's wait and see what happens.

 

[Wolfgang Faust]

How the hell Fascistbook is, or was valued more than Walmart is beyond me. Smoke and mirrors. Guillable investors.

100% Bullshyt

 

[goneubering]

I see... so, you're not a driver?


20 billion is not needed. The press will be free and for the taking. These are the 2 biggest IPO crashes in history. If someone doesn't jump in and pickup the pieces, a huge opportunity will be wasted. Rideshare is not going to disappear. Why stand by and watch U/L drive ridesharing into the ground?

Uber 2018 gross bookings: $50 billion
Lyft 2018 gross bookings: $8 billion
Total gross bookings = $58 billion

Apple steps in and wipes them both out. Let's say they lose 30% off the top in their first year, due to fares being higher and shedding customers. That still leaves $40 billion in gross bookings.

They keep 20% of the gross fares, so that's $8 billion first year net proceeds. That's a lot of cheddar to work with to operate a leaner operation, not making the mistakes Uber and Lyft made.

Apple would have zero interest in a service with low margins.

So how much do you think it will take to start up? I'm curious to know?

First off, lets say you are right, even though you are NOT, but for shts and giggles, lets say every single driver stops working for these two companies, you still have to get riders to use the new company. Do you have any idea how much money it takes to get branding started? For pax to feel safe using another app? For pax to even know another app is available. I drive people now that don't even know Lyft exists. So you can have all the drivers at every corner you want, if you ALSO don't have the pax, it doesn't really mean anything. Come on dude, rates are .6 a mile on uber, and there is hardly any surge... stupid people are still driving uber for base all the time.

Is this "new" app going to be across the United States and world wide? If yes, keep adding zeros to the capital investment. And if its going to be just like Breeze in SD, then pax aren't going to be able to use it when they fly to Pittsburgh or Washington. People love the fact that they can get a uber in pretty much any big city.

Like I said, this industry takes a lot of upfront capital to get off the ground. I highly doubt there will be another rideshare app come along anytime in the near future. More than likely, a big company buys uber/lyft when they hit the teens as their stock price.

Brand new companies would have a very tough fight. It's more likely for Didi or another big rideshare player to enter the US market.

You missed the point about needing 20 BILLION dollars to get it off the ground. In order for any rideshare app to work you need platform reliability. In other words, you need a driver on every corner so the pax knows/thinks they can get a ride whenever they need one. In order to do this, you are going to have to dump a ton of money on driver signups. Oh, and you are going to have to dump a ton of money into advertising your product. Better to buy uber/lyft at $2 a share and revamp the company.

The problem is, after lyft and ubers stunning stock TANK, no one is going to invest in another rideshare for the foreseeable future.

You reminded of this.

https://www.google.com/amp/s/abcnew...ory/uber-lyft-losses-competitors-bay-62977034

Uber, Lyft losses keep competitors at bay

 

[somedriverguy]

Why the F does everyone think Rideshare should be lower then taxi rates, they could be 25% higher and people would still take a rideshare over taxi.

Only in CA, in other states taxis can be clean and reliable. In most states they are at least reliable, if not clean. Only in CA do they not want your money.

 

[Soars]

You could start it in LA for about $10 million but it'd be very very risky. You'd need at least 1000 drivers to start to make a dent and at least 10-100x that number of passengers with the app downloaded for those drivers to not go broke.

Edit: Probably more like $20-30m minimum to account for a limited ad campaign. Sure there'd be plenty of self generated press in the media; but, there simply isn't that much money to be made in ride-sharing. You'd have to set your prices at whatever Uber is at or you won't have consistent passenger numbers. It would be really tough.

 

[uberer2016]

Uber, Lyft losses keep competitors at bay

No one wants to enter an industry where they can't make money so the U/L duopoly is safe. Other companies are just gonna stand aside and laugh at them while they keep reporting losses every quarter. What a joke rideshare industry has become. In order to create a path to profit, what U/L would have to eventually do is raise rates on pax and it remains to be seen how receptive the consumers will be to higher fares. If the consumers accept the higher fares and U/L start to realize profits, then you'll see other potential smaller competitors enter the market.

So as of now, as long as there's no sign of profits, no one will be foolish enough to attempt anything because the risk is huge.

 

[uberist]

How the hell Fascistbook is, or was valued more than Walmart is beyond me. Smoke and mirrors. Guillable investors.

100% Bullshyt

Money for nothing advertising dollars

 

[XUBERANT]

Bitcoin was like $3k last week or something like that and now it's at almost $8k

But we know how that story goes

 

[UberIsAllFubared]

Bitcoin was like $3k last week or something like that and now it's at almost $8k

But we know how that story goes

Wasn't it also at 19K a little over a year ago?