[Siakzar]

We are exploring possibilities of creating Uber like ride sharing compny.
It will belong to drivers and they will take between %85 to %95 of everything they make on each ride.
The driver will have an option to invest or not.

We have a great and experienced team and we know we can implement it.

Like to know what you think.
Will you be interested?
What more would like to know
What advice do you have?

 

[SuperStar3000]

Sounds like a great idea.
Good luck with that.

 

[Ted Fink]

We are exploring possibilities of creating Uber like ride sharing compny.
It will belong to drivers and they will take between %85 to %95 of everything they make on each ride.
The driver will have an option to invest or not.

We have a great and experienced team and we know we can implement it.

Like to know what you think.
Will you be interested?
What more would like to know
What advice do you have?

It already exists. It's called Nomad. I tried it, not enough ridership yet, but it's out there. I think it's in 8 cities now.

 

[Siakzar]

Nomad

Nomad a flat monthly subscription fee and not company/driver ownership. They are mostly feeding university student and not completely public yet.
Thanks for your post, it's good to know the verity of ridesharing success.

 

[Ted Fink]

Nomad a flat monthly subscription fee and not company/driver ownership. They are mostly feeding university student and not completely public yet.
Thanks for your post, it's good to know the verity of ridesharing success.

True, but they don't charge a commission on the rides... so theoretically they are only deducting for Credit Card Processing and Insurance on the ride. Problem for them is, Uber and Lyft are very well established so it's going to be hard for a startup to attract a lot of drivers. Since they aren't taking a commission, they have no money to fund quests and bonuses out of. It's a neat concept though.

Good luck in your endeavors. Make sure you get the insurance right and follow all local, state, and national laws. If it goes big maybe I'll sign up...

 

[New2This]

We are exploring possibilities of creating Uber like ride sharing compny.
It will belong to drivers and they will take between %85 to %95 of everything they make on each ride.
The driver will have an option to invest or not.

We have a great and experienced team and we know we can implement it.

Like to know what you think.
Will you be interested?
What more would like to know
What advice do you have?

1. What are your plans for customer acquisition? Please don't say something like "Uber/Lyft drivers will be able to convert riders to our service."

2. Similarly why would riders use your services? Please don't say "riders will use this service because we treat drivers better" because riders DGAF about anything but price. If Uber's $0.10 cheaper than Lyft they'll use Uber and vice-versa. Can you be price-competitive?

3. Do you have insurance coverage? If so what limits? Without proper insurance coverage you're looking at big problems. Look on the D.C. Board under "Empower" to see what I am talking about.

4. Have you gotten any permits to operate in any markets? Again look up "Empower" on the D.C. Board.

5. What kind of support will there be for drivers?

6. How deep are your pockets? Meaning how much money do you and your investors have? Uber/Lyft have burned billions of dollars without turning a profit. What makes you think you'll be different?

I'm not being negative towards you. If you haven't thought about these questions you should before proceeding.

 

[Siakzar]

1. What are your plans for customer acquisition? Please don't say something like "Uber/Lyft drivers will be able to convert riders to our service.".

That is our most significant bottleneck. We will do social media advertizing just for customer acquisition feasibility study. The result will give us a go or no go.

2. Similarly why would riders use your services? Please don't say "riders will use this service because we treat drivers better" because riders DGAF about anything but price. If Uber's $0.10 cheaper than Lyft they'll use Uber and vice-versa. Can you be price-competitive?

The price will be competitive.

3. Do you have insurance coverage? If so what limits? Without proper insurance coverage you're looking at big problems. Look on the D.C. Board under "Empower" to see what I am talking about

. We will for certain.
down payment

4. Have you gotten any permits to operate in any markets? Again look up "Empower" on the D.C. Board.

They totally informed us about what it takes to get the licence. Not an issue.
We are also awarer of licencing complexity when expansion takes place.

5. What kind of support will there be for drivers?

Since the driver will take most of the revenue from ride and will become partly owners, it's up to them what kind of support they require. But application support and training will be available. In future, putting the down payment for a car, etc will become available. One item we are working on is to provide possibilities of IRA. The most significant is that drivers will truly own the company by a stock options.
We are also working to pay the driver faster weekly or if feasible daily.

6. How deep are your pockets? Meaning, how much money do you and your investors have? Uber/Lyft have burned billions of dollars without turning a profit. What makes you think you'll be different?

Pocket is not deep, yet enough for implementation, but technically, we have a deep pocket. Already have the Apps for all the platform and are certain if successful we can attract investors.

I'm not being negative towards you. If you haven't thought about these questions you should before proceeding.

 

[ANT 7]

How many hundreds of millions in cash do you currently have for the sustained nationwide marketing you will require to capture market share ?

How many hundreds of millions in cash do you currently have for the sustained use of lower priced subsidized fares you will require to capture market share ?

How many hundreds of millions in cash do you currently have for legal, regulatory, and other issues you will require to launch the startup ?

Sorry for the tough questions. Asking for a friend.

 

[Alantc]

This being a new startup best place to start is college towns. College town being so congested together put flyers out that word will get out quick

 

[New2This]

This being a new startup best place to start is college towns. College town being so congested together put flyers out that word will get out quick

Ummmm bro college kids these days wouldn't see a flyer because their faces are constantly buried in their phones.

Posting on Tic-Tac, Facechat or Snapbook is the way to get them.

 

[Illini]

So you're going to use the 5% - 15% to pay for all of that's needed to run a business?
Good luck with that.

 

[Another Uber Driver]

This topic is locked pending Moderation Review.

Moderation review has been completed. This topic is once more open for replies. All posters, especially Original Poster, are reminded to read and follow the Rules.

 

[Siakzar]

We have to most expensive item, software, server and knowhow.
How many hundreds of millions in cash do you currently have for the sustained nationwide marketing you will require to capture market share ? We will like all startups going to do it regional first and expend slowly. We have tremendous expertise in social media marketing.

How many hundreds of millions in cash do you currently have for the sustained use of lower prices subsidized fares you will require to capture market shcurrently haveare ? Since the driver will get almost everything subsidized fares is on them.

How many hundreds of millions in cash do you currently have for legal, regulatory, and other issues you will require to launch the startup ? We know that is a complex issue but not when you plan to grow gradually.

Sorry for the tough questions. Asking for a friend.

The question is whether you interested?

 

[Siakzar]

So you're going to use the 5% - 15% to pay for all of that's needed to run a business?
Good luck with that.

Yes

 

[Rideshare Dude]

What a coincidence. I’m starting up a little corner store with no money and I’m going to take on Walmart.

 

[Diamondraider]

Ummmm bro college kids these days wouldn't see a flyer because their faces are constantly buried in their phones.

Posting on Tic-Tac, Facechat or Snapbook is the way to get them.

Don’t forget Yourspot

 

[Siakzar]

What a coincidence. I’m starting up a little corner store with no money and I’m going to take on Walmart.

We have money, but we have assets that others do not.

 

[New2This]

Here's a tip. If you answer a question, do it outside the QUOTE area. Like this:

Otherwise it's extremely difficult to see your answers.

What markets are you thinking about first?

 

[Siakzar]

Here's a tip. If you answer a question, do it outside the QUOTE area. Like this:

View attachment 627000

Otherwise it's extremely difficult to see your answers.

What markets are you thinking about first?

Washington DC metropolitan area(MD, DC, VA)

 

[Alantc]

How do you advertise something like your new rideshare to people