One of the most amazing startups of modern times is Uber. It became a seemingly overnight success. The journey was not easy. It needed to contend with centralized economic practices that were opposed to its business model. Success was achieved amidst a modern business environment that tends to create monopolies. There have been bad times amongst the good, but the team at Uber remained determined. They succeeding because of their unique approach to providing transportation at a premium. It is no surprise that Shervin Pishevar highlights their achievements when discussing the issues facing the economy today.
Of the small business startups that US monopolies have stifled, Shervin Pishevar believes only Uber survived with an edge on the competition. This is a profound statement because of the immense influence technology monopolies have on the global economy. Uber grew beyond expectations. Today, it challenges an established taxi system that permeates cultures throughout the world. It was not an excessively funded enterprise. Rather, it steadily grew to become a dominant influence upon the transportation industry.
Not all the news has been good. As Uber grew, it began to invest in innovation. One of these was self driving cars. This is an eagerly awaited innovation that expects to become more common in the near future. Unfortunately, an Uber self driving car killed a pedestrian. This negative press will haunt the company for some time.
“In an age when a startup like Brandless can gain serious traction, P&G investors have got to reconsider what it means to be the world’s largest consumer-products company.” cc @brandless @TinaSharkey @idoleffler https://t.co/oz5x4hhqXm
— Shervin Pishevar (@shervin) March 30, 2018
Uber valuation has taken a major hit. Its competition is formidable. Yet, the Uber team, who persevered from the beginning, remain confident. It would not be surprising if the company shows significant expansion within a few months. Uber has made a practice of beating the odds. Maybe it is part determination and part foresight. In any regard, Uber, like Shervin Pishevar, believes in enterprise over conformity. This is how to survive in life and business.
The team at Uber demonstrates the impact of a good idea. Its business model is so simple, and yet, so effective. Shervin Pishevar recognizes how Uber followed their inspiration while skillfully navigating around centralized business models like the taxi medallion system of New York City.