Unicorns – Uber

Unicorns – Uber


Rank: 1
Company: Uber
Location: San Francisco, California

Owner:

  • “Travis Kalanick, Uber’s current CEO and Co-Founder, is estimated to own between 6% – 10.4% of Uber.
  • Uber’s second-most-powerful executive behind Kalanick, Ryan Graves serves as Uber’s senior Vice President of Global Operations (and is also an Uber Board Member). Graves is a partial owner of Uber (even his total ownership lonive undisclosed).
  • Garret Camp is an Uber owner and Co-Founder. As Chairman of Uber, Camp is believed to own 5-6% of Uber Technologies Inc.
  • Corporate Uber Owners:

-A group of external companies, and private investment groups, have invested in Uber since 2010:
-Baidu, the Asian search engine company, owns an undisclosed amount of Uber, after investing in the company in 2014.
-BlackRock Inc (BLK) has
Capitalized $ 175 million in Uber. -Alphabet Inc (GOOG). Google Ventures has invested heavily in Uber – approximately $ 258 million to date.
-Microsoft Corp (MSFT) owns a significant amount of Uber, having public around $ 137 million in the company since 2015.
-Fidelity Investments’ Funds (Contrafund, OTC Portfolio, Growth Company) has invested $ 425 million in Uber-Technologies Inc.
-In 2016, Toyota made a private investment in Uber – although the exact amount of Toyota’s investment remains undisclosed.

In 3-5 Years?

So blowing Apple, Google, or Mercedes to Uber. When you launch your autonomous traffic you are in the the middle to siphon off cash, no auto dealerships No drivers, no auto companies to buy cars from, no insurance companies to deal with. Just build them, put them on the road and start collection your micro-payments, sorta like the apple store but way cooler. Uber would like to think That they can negotiate like big-boys with Mercedes and the like; sure it sounds good and they’ll take all your money gladly.

We have to give Uber some credit. They’ve got a killer platform; I love it. Apple Google Tesla & Mercedes will create whatever cool platform and they are all brands you trust so you will not care about switching; it’ll be The same BUT the big difference is the cost structure it will probably be 10-20% less than Uber without an autonomous vehicle.

Well can they build an autonomous vehicle, sure, but they do it by 2020? Nok. We quickly forget that Tesla has been at it for over 10 years! And is only producing 50,000 cars with MUCH greater demand. Again if it was easy To build autos at scale everyone would do it … it’s NOT

In this market a year or two is the difference between winning and losing. Uber’s not going to get their soon enough, they do not have the cash to build a car, they do not have the time to build a car, and they Do not have the intellectual capital necessary. Uber is dead by 2020.