Uride

14 statements across 1 episodes · 5 bullish · 2 bearish · 1 people on the record · first statement Sep 30, 2024 by Cody Ruberto · said 13 times in 1 episodes since 2024 · across every show →

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brought up most by Pablo Srugo (7), Cody Ruberto (6)

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Everything said about Uride, oldest first

Sep 30, 2024 positive
Assertion Not checkable as stated
Uride reached $1M in annual revenue on roughly $3,000 in capital
“We got to a million a year with like 3000 bucks, which is crazy.”
Cody Ruberto Sep 30, 2024 ▶ 33:10 He launched an Uber competitor with just $3,000—& grew to $20M in revenue in 7 years. | Cody Rube... · PMF Show
Sep 30, 2024 positive
Assertion Not checkable as stated
Uride rebounded from its COVID lows to hit $15M in revenue
“From that point, there was a couple changes we made, but we grew from like, first we got back to where we were with the, you know, the three million or so that we were at before COVID. Then from there we went to like six million and then to fifteen million. An…”
Cody Ruberto Sep 30, 2024 ▶ 28:51 He launched an Uber competitor with just $3,000—& grew to $20M in revenue in 7 years. | Cody Rube... · PMF Show
Sep 30, 2024 negative
Assertion Not checkable as stated
COVID-19 slashed Uride's revenue by 85%, leaving three weeks of runway
“We lost like 85% of our revenue overnight and we're three weeks away from going bankrupt.”
Cody Ruberto Sep 30, 2024 ▶ 18:25 He launched an Uber competitor with just $3,000—& grew to $20M in revenue in 7 years. | Cody Rube... · PMF Show
Sep 30, 2024
Disclosure
Founder Cody Ruberto still works as a driver for Uride
“I kept driving for a really long time. I still drive now.”
Cody Ruberto Sep 30, 2024 ▶ 14:29 He launched an Uber competitor with just $3,000—& grew to $20M in revenue in 7 years. | Cody Rube... · PMF Show
Sep 30, 2024
What-if
Ruberto: Uride would have been a non-profit if Operation Red Nose partnered
“If that would have went through, we probably would have been a not-for-profit just giving free rides all year round just by donation.”
Cody Ruberto Sep 30, 2024 ▶ 4:22 He launched an Uber competitor with just $3,000—& grew to $20M in revenue in 7 years. | Cody Rube... · PMF Show
Sep 30, 2024
Disclosure
Ruberto: Uride launched on a $1,500 white-label app platform
“We ended up making a deal For, I think it was like 1500 bucks to get off the ground. And we just partnered with someone, got a platform, big ship platform that we used to launch.”
Cody Ruberto Sep 30, 2024 ▶ 6:26 He launched an Uber competitor with just $3,000—& grew to $20M in revenue in 7 years. | Cody Rube... · PMF Show
Sep 30, 2024 positive
Assertion Supported
Uride currently operates in 24 cities with thousands of drivers
“Yeah, we're in we're in 24 cities right now. 23 of them are in Canada, and we just launched our first national market. We got a couple thousand drivers, and so drivers are growing.”
Cody Ruberto Sep 30, 2024 ▶ 32:15 He launched an Uber competitor with just $3,000—& grew to $20M in revenue in 7 years. | Cody Rube... · PMF Show
Sep 30, 2024
What-if
Ruberto: We never would have launched Uride if we understood venture capital
“If we actually knew what we were doing, and we knew about, like, the venture world as stars, we probably would have never started this company.”
Cody Ruberto Sep 30, 2024 ▶ 39:06 He launched an Uber competitor with just $3,000—& grew to $20M in revenue in 7 years. | Cody Rube... · PMF Show
Sep 30, 2024
Assertion Not checkable as stated
Ruberto: Uride did around $700,000 in grocery delivery bookings during COVID
“I think the first year we did like maybe 700 K in, in orders through this separate thing.”
Cody Ruberto Sep 30, 2024 ▶ 26:33 He launched an Uber competitor with just $3,000—& grew to $20M in revenue in 7 years. | Cody Rube... · PMF Show
Sep 30, 2024 negative
Insight
Why Uber's open scheduling model causes driver churn in small towns
“On the driver's side, when you go into a small town, you have, if drivers drive anytime that they want, like with Uber and some of these other platforms if it's a Monday afternoon and you have a hundred cars on the road like drivers get bus street and they chu…”
Cody Ruberto Sep 30, 2024 ▶ 29:11 He launched an Uber competitor with just $3,000—& grew to $20M in revenue in 7 years. | Cody Rube... · PMF Show
Sep 30, 2024 positive
Assertion Not checkable as stated
Uride grew gross bookings from $500K in 2017 to $2.7M in 2019
“The first seven, eight months we did about 500 K in gross bookings. Our first year, it took us about, yeah, about 12 months to get over a hundred K a month. Yeah, 2017, 500 K 2018, 1.5 million. And then 2019, we did about 2.7.”
Cody Ruberto Sep 30, 2024 ▶ 18:01 He launched an Uber competitor with just $3,000—& grew to $20M in revenue in 7 years. | Cody Rube... · PMF Show
Sep 30, 2024
Assertion Not checkable as stated
Uride bypassed early insurance hurdles by leasing drivers' cars to limo companies
“We found a couple of loopholes to work with where we could get up to like, you know, 25, 30 cars in our city through limousine company, this busing company. And then we found something where people could lease their cars to one of these companies, fall under t…”
Cody Ruberto Sep 30, 2024 ▶ 10:15 He launched an Uber competitor with just $3,000—& grew to $20M in revenue in 7 years. | Cody Rube... · PMF Show
Sep 30, 2024 bullish
Disclosure
Uride plans to expand into deliveries to become a small-town super app
“Over time we want to power all these communities. So if people want rides, deliveries, or different services want to be essentially the soup wrap for all these”
Cody Ruberto Sep 30, 2024 ▶ 39:40 He launched an Uber competitor with just $3,000—& grew to $20M in revenue in 7 years. | Cody Rube... · PMF Show
Sep 30, 2024 neutral
Disclosure
Uride raised $2.1M CAD from angel investors
“So over the years, we raised 2.1 million from angels Canadian.”
Cody Ruberto Sep 30, 2024 ▶ 33:06 He launched an Uber competitor with just $3,000—& grew to $20M in revenue in 7 years. | Cody Rube... · PMF Show
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