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TK
Travis Kalanick
10/25/13
@ Y Combinator
As liquidity in the marketplace increases, both demand and supply rise, enhancing the overall quality of the Uber experience.
Video
YC
Travis Kalanick at Startup School 2012
@ Y Combinator
10/25/13
Related Takeaways
TK
Travis Kalanick
10/25/13
@ Y Combinator
When people have the option to choose a more affordable ride, they tend to use the service more frequently, starting with options like Uber X instead of premium services.
TK
Travis Kalanick
10/25/13
@ Y Combinator
Uber aims to provide quality and choice, positioning itself as a low-cost option while maintaining high standards. Offering a low-cost option increases user engagement because people appreciate having choices and don't always need to opt for the expensive service.
TK
Travis Kalanick
10/25/13
@ Y Combinator
As we succeed, not everyone is happy, especially when tackling older industries that are more protected. Uber is significantly improving drivers' lives by helping them earn more money and achieve their American dream.
RS
Rory Sutherland
08/01/22
@ The Diary Of A CEO
The Uber map exemplifies a psychological breakthrough; it alleviates the stress of waiting for a taxi by providing real-time information, transforming the waiting experience from one of anxiety to relaxation.
TK
Travis Kalanick
10/25/13
@ Y Combinator
Riders are getting around town much more efficiently, benefiting from Uber's services.
TK
Travis Kalanick
10/25/13
@ Y Combinator
To prevent drivers from clustering in one area based on demand predictions, Uber provides them with a heat map that shows underserved demand, allowing for better distribution of drivers.
TK
Travis Kalanick
10/25/13
@ Y Combinator
In the beginning, Uber was a lifestyle service for a select group of friends, requiring a special code to access the app, which led to explosive viral growth as users shared it with others.
TK
Travis Kalanick
10/25/13
@ Y Combinator
In cities like Boston, Toronto, Chicago, and San Francisco, Uber has expanded its services, including the introduction of Uber X, which is about 30% cheaper than traditional options.
TK
Travis Kalanick
10/25/13
@ Y Combinator
Uber's marketing strategies include creative promotions, such as distributing roses on Valentine's Day to enhance the rider experience and encourage positive word-of-mouth.