Uber

“We didn't think we could win in India, and we wanted to really focus on mobility.”

“I don't believe in overthinking TAM. I think TAMs are like you build those for IR and you build those to raise money. You may want to create this wonderful dramatic TAM to go raise, you know, a couple of million bucks, but that's not what should be processing …”

“So if you go on Uber now, Uber Mobility, we have Uber Eats available to you, and people are transacting billions of dollars of Uber Eats on the Uber Mobility app.”

“70% of our drivers and couriers are working less than 20 hours a week.”

“We hire from a lot of big tech companies and we say like, come here, you're going to work your ass off. You'll probably make a little bit less money, but you're gonna like the work that you do can truly an individual engineer at Uber can have huge effect acros…”

“With quick commerce you can't automate that much because the cost of the automation doesn't bear out in a small box. So you have to use human labor the car. And so in markets where the cost of human labor and is not there and the concentration of customers isn…”

“They're beating us right now in the U.S., but not for long, and we're beating them outside the U.S., and the two companies going against each other makes both companies better and actually builds a better service for consumers and couriers and restaurants all …”

“So I think if you find a niche Where you believe that you can build liquid supply and demand on a local basis, and then you can rinse and repeat that over and over again. It's essentially what Travis did when, with Uber when he founded it. That is something th…”

“We've got, I think over 1.4 million now drivers, auto, you know, two wheelers, three wheelers, and four wheelers in India.”

“We lost 90% of our business, and by far, you know, the profitable piece of the business, and overnight, we lost 80, 85% of our volume. Couldn't be worse. And we went from, we were already losing two billion a year. We went from losing two billion a year to, li…”

“Rapido's not making money, so the real test of the business isn't how fast you can grow if you're spending it's actually how fast you can grow while you're profitable, and I think Rapido's a long way away from that.”

“So I see now the tougher competition in India is Rapido. You know, they're the upstart. They got into two-wheelers and three-wheelers really aggressively. Super simple model, just kind of the subscription zero commission model. Very scrappy as well. And they h…”

“The average Uber driver is driving four to five times the mileage of the average driver.”

“It works as a growth tactic, but it doesn't scale. So to some extent, what you want to do is you want to have these humans and teams compete against each other to hack your way Into the best solution possible. Then after they get to that best solution possible…”

“You know, within 10 years, you're gonna see a significant number of autonomous vehicles, especially in developed markets.”

“I think in the near term it's going to be very difficult, and Elon would tell me I'm wrong, and never bet against him, but it's my instinct that in the near term it's going to be very difficult to build a camera-only product That has superhuman levels of safet…”

“Like, we work with Cloud Kitchens all over the world. They're a big partner”

“All of our partners that we're working with now are using a combination of camera, radar, and lidar.”

“Within Uber, you know we are moving to EVs five times faster than the general public, so EVs inside of the Uber system are definitely increasing”

“When we talk about the business in India, and it's the third largest country in terms of mobility trips, so India's really important to us”

“We actually now have, ah, we're collecting data using Lucid cars in a bunch of, ah, cities as well.”

“We got out not because of some deep thought as it relates to the Indian market, but my belief that We're not a holding company. We're not an investment company. I am, that is not my core competency to take Uber investors capital and invest it really well. My c…”