Heba Rizkana’s Post

One cold night in Paris, two friends, Travis and Garrett, were frustrated by the endless wait for a taxi.  That’s when an idea struck: What if, instead of waiting, people could tap a button on their phone and get a ride instantly? That simple thought led to what we now know as Uber. But turning this idea into reality required smart decision-making and a focus on execution. Travis and Garrett didn’t have the funds to buy cars or hire drivers. So, instead of going all-in on capital-heavy assets, they made a critical decision: They would connect riders with existing drivers using an app. This meant no massive investments in vehicles or a large team—just a streamlined, effective solution. They launched a Minimum Viable Product (MVP) with only essential features in San Francisco. By keeping the app simple, they could test their idea quickly and gather valuable feedback. Their decision to start small and build upon actual user needs, rather than guessing what might work, helped them move fast and stay efficient. Execution was key. Travis and Garrett didn’t get sidetracked with unnecessary features or grand marketing plans. Instead, they focused on delivering a smooth user experience, making sure every ride was reliable and easy to request. Partnering with drivers who owned cars also allowed Uber to expand rapidly without a massive upfront investment. As Uber gained popularity, their approach paid off. The company scaled quickly, entering city after city, and soon became a go-to solution for urban transportation. By making smart decisions and executing effectively on their vision, Uber transformed a simple idea into a global powerhouse. In the end, Uber’s story is a powerful example of how clear decision-making and sharp execution can turn a small idea into something revolutionary without requiring huge resources. #uberstory #uber #businessdecisions #businessexecution

Uber used accelerants to accelerate During its initial days, it picked the right cities at the right time to maximize its success. Taxi cab companies were the main competitors when they entered the arena. 𝗛𝗲𝗿𝗲’𝘀 𝘄𝗵𝗮𝘁 𝘁𝗵𝗲𝘆 𝗱𝗶𝗱: 𝗦𝘁𝗮𝗴𝗲 𝟭 - 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 Uber identified the cities with the biggest discrepancy between supply and demand for taxis. 𝗦𝘁𝗮𝗴𝗲 𝟮 - 𝗔𝗰𝗰𝗲𝗹𝗲𝗿𝗮𝗻𝘁𝘀 They then launched during times when that demand was likely to be the highest. These are called "Accelerants". - Restaurants and Nightlife - Holidays and events - Weather - Sports Uber focused on executing in cities where these accelerant problems were near-constants to drive accelerated adoption. 𝗦𝘁𝗮𝗴𝗲 𝟯 - 𝗪𝗼𝗿𝗱 𝗼𝗳 𝗺𝗼𝘂𝘁𝗵 They figured out how to get customers all in one night using accelerants, and then it was all about the experience. “𝗧𝗵𝗲𝘆 𝗺𝗮𝗱𝗲 𝘀𝘂𝗿𝗲 𝘁𝗵𝗶𝘀 𝗳𝗶𝗿𝘀𝘁 𝗴𝗿𝗼𝘂𝗽 𝗼𝗳 𝘂𝘀𝗲𝗿𝘀 𝗵𝗮𝗱 𝗮 𝗴𝗿𝗲𝗮𝘁 𝗲𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲 𝗮𝗻𝗱 𝗯𝗿𝗼𝘂𝗴𝗵𝘁 𝗶𝗻 𝘁𝗵𝗲 𝗻𝗲𝘅𝘁 𝘄𝗮𝘃𝗲 𝗼𝗳 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿𝘀 𝘃𝗶𝗮 𝘄𝗼𝗿𝗱-𝗼𝗳-𝗺𝗼𝘂𝘁𝗵.” Takeaway 1: Launching your product during high demand and low supply helps you acquire the right set of customers and early adopters. Takeaway 2: Nothing fancy is required to build a great product. 𝗜𝗺𝗮𝗴𝗲: The unsung hero & the man behind "𝗧𝗿𝗮𝘃𝗶𝘀 𝗞𝗮𝗹𝗮𝗻𝗶𝗰𝗸"

Have you ever wondered which metrics Uber uses to drive its success? Tom Elvidge, founder of Synth Solar ☀️ with prior experience at Uber 🚙, WeWork 🧑🏽💻, and Arrival 🚍, recently shared insights from his time as a General Manager during Uber's #hypergrowth phase. He emphasized the crucial role of #culture during this period, highlighting high autonomy, accountability, and clear goals as key factors. The GM role had clear OKR's and KPIs which made expectations clear. When considering KPIs, remember to: ▶ Standardize processes ▶ Establish clear goals and OKRs ▶ Select KPIs that measure progress effectively ▶ Avoid Vanity metrics that lack revenue or impact ▶ Continuously track these metrics ▶ Use benchmarks to gauge goal achievement ▶ Ensure goals are challenging but attainable to keep the team motivated (50/50) Understanding and leveraging the right metrics is essential for driving growth and success in any organization. For example in the case of Uber they have 6 types of metrics ▶ Trips and pricing (trips, average fare) ▶ Bookings (gross bookings) ▶ Market place (trips per hour, request, active riders, active drivers) ▶ Demand / engagement (signups, riders first trips, riders referrals) ▶ Supply growth (driver first trips, driver referrals) ▶ Supply engagement #Uber #KPIs #BusinessMetrics #SuccessFactors #FutureLondonAcademy #DesignLeaders2025 #FLA #ProductDesign

Day-17 Uber – Transforming Urban Mobility 🚗📲 Hello, LinkedIn community! Today, I’m excited to share the groundbreaking journey of Uber, a company that has transformed urban mobility and redefined how we think about transportation. Uber was founded in 2009 by Garrett Camp and Travis Kalanick in San Francisco. The idea was simple yet revolutionary: to create an app that would allow users to book a ride with the tap of a button. The concept quickly gained traction, and UberCab (as it was originally known) began to disrupt the traditional taxi industry. In its early years, Uber faced significant challenges, including regulatory hurdles, opposition from the taxi industry, and operational issues. Despite these obstacles, Uber’s founders were committed to their vision of providing convenient, affordable, and reliable transportation options. Uber's success is built on its innovative use of technology. The app’s user-friendly interface, real-time GPS tracking, and dynamic pricing model have set new standards for convenience and efficiency in transportation. Uber's expansion into services like UberX, UberPOOL, and UberEATS further diversified its offerings and solidified its position as a leader in the ride-sharing industry. Uber’s focus on user experience is evident in its continuous updates and improvements, such as driver ratings, in-app safety features, and cashless payments. The platform’s ability to adapt to user needs and preferences has been key to its rapid growth and widespread adoption. Today, Uber operates in over 900 metropolitan areas worldwide and has completed billions of rides. The company is valued at over $75 billion and continues to innovate with projects like self-driving cars and urban air mobility through Uber Elevate. Key Lessons : 1. Disruption: Challenge traditional models and embrace innovative solutions. 2. Scalability: Design a platform that can quickly scale to meet global demand. 3. Adaptability: Continuously adapt to regulatory environments and user needs. Uber’s journey underscores the power of disruptive innovation and the importance of adaptability in achieving success. How has Uber changed the way you travel or do business? Share your experiences! Let’s discuss how Uber’s story can inspire our entrepreneurial paths. Comment below with your insights, like this post if it resonates with you, and share to spread the inspiration! #Uber #Entrepreneurship #Innovation 🚗📲

Why did Uber overtake Sidecar? In the dynamic ride-sharing world, Uber has become synonymous with convenience and innovation, transforming how we think about transportation. However, not all rideshare companies have enjoyed the same trajectory. Take Sidecar, for example—despite early successes and significant venture backing, including $10 million from Google Ventures and Lightspeed Venture Partners in 2012, it ultimately failed to keep pace. The key differences lie in strategic focus and user experience. Sidecar needed help with a complex user interface that required passengers to sift through multiple driver options and price points, starkly contrasting Uber's streamlined, one-click ride request. Moreover, while Uber aggressively invested in customer acquisition, even at significant initial losses, Sidecar held back, underestimating the critical role of marketing in a fiercely competitive market. This case study powerfully reminds us of the importance of customer-centricity and strategic marketing in the tech-driven world. As we continue to navigate the evolving landscapes of technology and consumer needs, let's discuss what other lessons can be learned from the Uber and Sidecar stories. https://lnkd.in/gXXxrnMB #Uber #BusinessStrategy #Innovation #RideSharing #TechTrends

Revenue snack 💡 Revolutionizing the ride-sharing game: Uber CEO's strategies to tackle team pain points with Driver Incarnation ** Reversing the negative workplace culture of the past and replaced by "listening" leadership **Uber broke through two long-standing pain points -the hassle for consumers to hail a taxi - the poblem for drivers to generate diverse income streams 👀 Though Uber has the highest market share in the car-sharing industry, it has long been struggling between making losses and generating profits 👀Growning aggressively on a global scale, challenging transportation regulations and monitoring standards for the taxi industry . -California has sued Uber before -aggressively pushing boundaries and rushing into new markets 😬 The accident in Arizona where an Uber self-driving car struck and killed a pedestrian has delayed the progress of Uber's self-driving car business 🕸 high costs of developing driverless cars and air taxis, which are unlikely to see results in short term 💡 Four Strategies to Reform and Save Uber 1.Streamline the Organization and Reduce Costs 2.Adjust Strategy and Abandon Non-Core Businesses 3.New Marketing Initiatives to Leverage Higher Revenues BY --------____Membership Subscriptions 4.Transform the Negative Corporate Culture ex.Frequently walk around the hall and converse with employees from different teams 🤺 Break Out of the $90 Billion Loss Trap 💡 tips for investing in startups, he said: "When I look for disruptive companies, I look for those that can create a unique change to open up new markets." by clayton christensen who known for disruptive innovation theory DM me for detailed insights

🚗📈 Considering a dynamic addition to your investment portfolio? Uber Technologies Inc. is a compelling choice. With a notable revenue of $8.6 billion in Q1 2024, Uber's growth trajectory is undeniable. Their ride-sharing segment continues to dominate the market, driven by a strong recovery in demand and innovative services like Uber Reserve and Uber Green. This growth reflects Uber's adaptability and its commitment to enhancing user experience while expanding its market share globally. 🍔📦 Beyond ride-sharing, Uber Eats has become a powerhouse in the food delivery sector, contributing significantly to the company's overall revenue. The platform's continuous growth, strategic partnerships, and expansion into new markets highlight its potential for long-term success. Investing in Uber means supporting a company at the forefront of urban mobility and digital convenience, poised for sustained growth. #Uber #Investing #Stocks #RideSharing #UberEats #TechInnovation #DigitalEconomy #Mobility #MarketGrowth #FinancialSuccess

What factors have contributed to the dominance of ride-hailing services in the shared mobility market? Ride-hailing services like Uber and Lyft dominate the #sharedmobility market with unmatched convenience, cost-effectiveness, and a seamless user experience. Features such as real-time tracking, cashless payments, and #AI driven optimization enhance their appeal. Their global expansion and flexible driver opportunities further reinforce their market leadership. Explore more Info:  https://lnkd.in/dRadNRNJ Key Market Players  Car2go  evcard  Flinkster  Grab  GreenGo  Lyft Uber  Zipcar #RDive #RideHailing #Convenience #CostEffectiveness #TechInnovation #RealTimeTracking #GlobalExpansion #DriverOpportunities #UserExperience #TransportationTech

Day: 3 From Rides to Revenues: A Snapshot of Uber’s Journey in 2023 and Beyond 🚀 I remember when Uber was synonymous with just ride-hailing—a quick tap to get a ride. But today, it’s so much more. Uber has evolved into a global tech powerhouse, branching into food delivery, freight services, and beyond. 2023 was a pivotal year. Despite global challenges, Uber thrived. The numbers speak volumes: by Q1, monthly active users reached 150 million, climbing from 130 million the year before. 9.44 billion trips were completed that year, fueled by rising demand and user trust. 💡 So, what powers Uber’s success? It’s all in the tech. Uber’s user-friendly app streamlines bookings and payments, while advanced algorithms drive dynamic pricing and efficient matching. And let’s not forget their use of GPS mapping for seamless navigation. Revenue and Financial Performance: Uber has not just bounced back post-pandemic; it’s soared: Total 2023 Revenue: $37.2 billion (up 16% from 2022). Segment Revenue Breakdown: -> Ride-Hailing: $19.6 billion -> Uber Eats: $12.1 billion ->Freight Services: $5.2 billion Growth wasn’t just annual but quarterly. By Q1 2024, Uber recorded $10.1 billion in revenue, a jump from $8.8 billion in Q1 2023. Gross bookings hit an impressive $137 billion, signaling a steady 19% rise. Uber’s story is one of resilience and reinvention. From post-pandemic recovery to becoming a comprehensive platform that moves people, food, and goods, Uber’s journey shows how tech, adaptability, and user focus can redefine an industry. As we look ahead, Uber’s path is clear: pushing the boundaries of mobility and convenience. The only question is, what’s next? A big thank you to the organizers of the PM Hackathon 2.0 for Product Space putting together this incredible event and creating opportunities for us to innovate and collaborate.Product Space , Subhasis Chandra, Pamit D Anand and Akhil Yash Tiwari A big Shoutout to my amazing team members, Dhaval Fatnani and Ashutosh Rai, for their invaluable contributions and teamwork throughout this process! . . . #PMHackathon #ProductManagement #EventLogistics #ColdplayMumbai #Innovation #SmartSolutions #UserExperience #Teamwork #HackathonJourney #Uber

Creating a great business model is important. I recently read about the Uber service who created a seamless business model and ensured equity among all stakeholders. -> Uber's key differentiator lies in its ability to connect customers with nearby drivers swiftly, minimizing wait times and maximizing efficiency. -> Uber's model ensures that drivers have minimal "dry runs," meaning they spend less time driving without passengers, thus increasing their overall earnings. This efficiency not only benefits drivers but also provides customers with fast and reliable service, a valuable proposition in the on-demand transportation market. -> One of the core principles of Uber's business model is equity among its stakeholders, including drivers, the company itself, and customers. By dynamically adjusting prices during peak demand, Uber incentivizes more drivers to join the network, ensuring that customers have access to rides even during high-demand periods. While this may result in slightly higher prices for customers during peak times, it ensures that they can secure a ride when traditional taxi services may not be available at all. -> It's important to differentiate between a business model and a business strategy. A business model focuses on how a company creates value for its customers, leveraging user context and market dynamics. On the other hand, a business strategy involves how a company captures the value it has created, often in a competitive landscape. -> In Uber's case, its business model revolves around efficiently connecting drivers with customers, creating value for both parties. However, its business strategy involves pricing strategies and competition tactics to capture that value effectively in the market. -> In essence, Uber's success lies not just in its innovative business model but also in its strategic execution, ensuring that the value it creates translates into a sustainable advantage over competitors. #businessmodel #uber #valuecreation #equity #businessstrategy #productmanagers ZEE5 ZEE5 Global