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The Gold Standard: Rules to Rule By

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Ari Gold

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“My Uber driver in Sacramento was not like my San Franciso Uber from earlier that day at SFO. My SAC Uber driver’s first presdential election was JFK-Nixon (or Eisenhower in 1956) and he was already drawing a Social Security check. "Father Time" overshot my fixed location (twice) and then didn’t listen to the navigation instructions. This guy’s signature move (and totem animal) is a U-Turn, a mile past the original juncture.”

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“If you’re looking for inspiration from Uber’s notorious magic, consider how it took an existing product, used existing technology, and delivered it to existing markets. Yet, its business model remains hard to replicate—and that’s the real magic trick. As the old Silicon Valley saying goes: If you can’t creatively turn $1 into $10, why do you expect to turn $1 million into $10 million?”

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Book:Raise and Rise: Funding Sources for Your Startup in the Era of Digital Transformation & Blockchain
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“How on Earth was Uber, with its reported $10 billion loss from operations since 2016, and other gigantic creatures of the Internet Economy, able to flip the tedious “viability-profitability-expansion” route into an entirely new direction—“viability-expansion (maybe) profitability”? Elementary—by ensuring consistent financing or, simply put, by having access to capital on the fly and turning their business models into platforms instead of building traditional pipes, so that acquiring new businesses is not a question—it is the answer.”

EconomicsEntrepreneurshipEntrepreneurship QuotesStartupUber
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