Waymo

“March of twenty-twenty, they raise 3.2 billion dollars from folks like Silver Lake Canada Pension and Investment Board Mubadala, Andreessen Horowitz, and of course, the biggest check, I think, Alphabet, and I think they're always the biggest check, because Alp…”

“In October of twenty-twenty, they launched the first public, commercial, no human behind the driver's seat thing in Phoenix. It's the first in the world.”

“This Project Chauffeur that would become Waymo is the first project inside Google X.”

“They're going to be opening a bunch more cities in the U.S. Next year. They're launching in Tokyo, their first international city, slowly and then all at once.”

“They've now driven over a hundred million miles with no human behind the wheel, growing at two million every week. There's over ten million paid rides across 2000 vehicles in the fleet.”

“The study that Waymo just released last month showed that they have 91% fewer crashes with serious injuries or worse compared to the average human driver, even controlled for the fact that Waymo's right now are only driving on city surface streets.”

“One total market size thing you could do is try to sum the entire automaker market cap today, and that would be two and a half trillion globally, if you include Tesla, or 1.3 trillion without.”

“When you consider this opportunity, they have burned somewhere in the neighborhood of 10 to fifteen billion dollars.”

“This year, in January, they were reportedly doing more in gross bookings than Lyft in San Francisco.”

“You could see a path to a Google-sized opportunity for Waymo as a standalone company just through this analysis, as long as they figure out a way to get costs down to the point where they can run this as a large and profitable business.”