Uber

“The first really important point, networks, and especially the most valuable networks, are fascinating in that they connect millions or even billions of people, but they do not own the underlying asset that is exchanging hands. Airbnb doesn't own any homes, wh…”

“And like, next thing you know, we scaled them to 600 cities globally. We were spending 50 to a hundred million dollars a year with them on driver acquisition, getting drivers to sign up to be on the platform.”

“Uber, DoorDash TaskRabbit has basically taken every American who wants to be a gig economy worker or monetize kind of their skills, but it's all been done within manual labor. This is the first time I've seen it be done within kind of like knowledge work.”

“So yeah, that's an exception, but like your B to B accounting software, you know, whatever, like, no, not that that can't be a great business. It can be, but it doesn't need the same kind of approach as Airbnb or Uber.”

“And what you get out of hourly, just like Uber, just like Airbnb, just like instances on AWS, you get efficiency. You get much better utilization of these assets.”

“Dara from Uber has famously said that his approach to business and strategy is being short-term impatient and long-term patient, which is perfectly put.”