Read the pitch deck that Uber founder Garrett Camp created for the ride-hailing giant back in 2008 – before the company became the $120 billion giant it is today (UBER)

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    Read the pitch deck that Uber founder Garrett Camp developed for the ride-hailing giant back in 2008– before the company ended up being the $120 billion giant it is today (UBER).

    It’s a huge year for Uber.

    The first name in ride-hailing had a lots of hype around it for the very first half of 2019 thanks to its IPO. And though the $8 billion appraisal fell well except speculations of $100 billion, Uber is still one of the most significant names on the market today.

    With such eye-popping numbers, it’s hard to bear in mind a time when the 10- year-old business wasn’t the juggernaut it is today. Uber currently has more than 2 million drivers transporting travelers in more than 63 nations.

    However back in August 2008, founder Garrett Camp was laying out his dream of a “next-generation cars and truck service” in a slideshow on his computer system. Little did he understand that dream would grow exponentially into a business that now deals with grocery delivery, that has a quickly growing on-demand food delivery section in Uber Consumes, and is developing a fleet of self-driving taxis.

    As part of our coverage of the genesis these days’s effective business, BI Prime took a look at how Camp envisioned Uber (then UberCab) 10 years earlier in his initial pitch deck:

    • The core idea was largely the very same: a fast and efficient on-demand vehicle service that he explained as the “NetJets of car services”
    • Uber originally wished to screen its clients by only getting members and prohibiting coming from the street
    • All of Uber’s predicted usage cases, from airport pickup/dropoff to take a trip to and from restaurants, still hold up today


    A Few Of what Camp set out in the pitch deck no longer holds up, such as a few of Uber’s predicted environment-friendly benefits and the makeup of Uber’s fleet of cars.

    The remainder of the deck outlines some bottom lines such as:

    • Strategies for surge prices
    • The business’s project valuation
    • Possible outcomes for the business, including a best-case situation
    • Future optimizations
    • Marketing concepts
    • And more


    BI Prime is publishing lots of stories like this each and every day, chock full of exclusive material and market analysis. Start by reading the complete pitch deck.

    CLICK ON THIS LINK TO READ MORE

    ( the headline, this story has actually not been published by Crucial India News staff and is published from a syndicated feed.).

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