The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
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Khosrowshahi: Tesla's camera-only approach to autonomous vehicles will fundamentally struggle near-term
“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…”
Khosrowshahi: Founders should completely ignore TAM and obsess over unit economics
“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 …”
Khosrowshahi: Quick commerce fundamentally fails in America due to high labor costs
“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…”
Khosrowshahi: Uber will inevitably overtake DoorDash in the US delivery market
“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 …”
Khosrowshahi: Uber rival Rapido is highly unprofitable and far from making money
“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.”
Khosrowshahi: Rapido is Uber's toughest Indian competitor while Ola trails distantly
“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…”
Khosrowshahi: Uber sold India Eats business because it couldn't win
“We didn't think we could win in India, and we wanted to really focus on mobility.”
Khosrowshahi: 70% of Uber drivers work under 20 hours weekly
“70% of our drivers and couriers are working less than 20 hours a week.”
Khosrowshahi: Startups can beat platform network effects by dominating local niches
“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…”
Khosrowshahi: Significant autonomous vehicle deployment in developed markets within 10 years
“You know, within 10 years, you're gonna see a significant number of autonomous vehicles, especially in developed markets.”
Khosrowshahi: Uber is adopting EVs five times faster than the public
“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”
Khosrowshahi: Billions of Dollars in Uber Eats Transacted via Mobility App
“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.”
Khosrowshahi: Uber pitches recruits high individual impact over top tech pay
“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…”
Khosrowshahi: COVID-19 destroyed 85% of Uber's volume overnight and doubled massive losses
“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…”
Khosrowshahi: Internal team competition drives early growth, but cannot scale without automation
“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…”
Uber CEO: All AV partners use cameras, radar, and LiDAR combined
“All of our partners that we're working with now are using a combination of camera, radar, and lidar.”
Uber CEO: Uber collects data using Lucid vehicles in multiple cities
“We actually now have, ah, we're collecting data using Lucid cars in a bunch of, ah, cities as well.”
Khosrowshahi: Uber divested Zomato stake because it is not an investment company
“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…”
Khosrowshahi: Uber has over 1.4 million drivers across vehicles in India
“We've got, I think over 1.4 million now drivers, auto, you know, two wheelers, three wheelers, and four wheelers in India.”
Khosrowshahi: Average Uber driver logs 4-5x more mileage than regular drivers
“The average Uber driver is driving four to five times the mileage of the average driver.”