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re: Austin, TX people: Is Uber/Lyft leaving your town?
Posted on 5/9/16 at 1:43 pm to Box Geauxrilla
Posted on 5/9/16 at 1:43 pm to Box Geauxrilla
quote:
And yeah, uber and Lyft are gone as of 8am this morning. I have a feeling they will be back or other ride sharing apps will take their place. The business model is proven in Austin and other companies will fill that void (GetMe is one, however they are significantly more expensive).
They're playing with fire as far as market-share goes. There's a lot of tech know-how here and a TON of entrepreneurialism. What's stopping someone with relevant business experience from teaming with an app developer and getting funding from Austin Ventures to start their own ride-share service that complies with the law? With how everyone here loves local anything (beer, vodka, chickens, you name it) it might take off in the vacuum and be hard to supplant once Uber returns. All anyone drinks so far as unflavored Vodka is Tito's, both because Tito lives here and also because it's legitimately the best cheap vodka. I wouldn't be surprised if someone applied that to ride-sharing.
This post was edited on 5/9/16 at 1:46 pm
Posted on 5/9/16 at 1:47 pm to Cooter Davenport
quote:
What's stopping someone with relevant business experience from teaming with an app developer and getting funding from Austin Ventures to start their own ride-share service that complies with the law?
You're absolutely right. And wouldn't you know it, just launched today is a new service to take people to and from ABIA airport.
LINK
Posted on 5/9/16 at 1:47 pm to Cooter Davenport
quote:
What's stopping someone with relevant business experience from teaming with an app developer and getting funding from Austin Ventures to start their own ride-share service
quote:
(GetMe is one, however they are significantly more expensive).
Good think y'all showed Uber and Lyft that y'all aren't to be messed with. Y'all won?
Posted on 5/9/16 at 1:52 pm to Cooter Davenport
quote:
All anyone drinks so far as unflavored Vodka is Tito's, both because Tito lives here and also because it's legitimately the best cheap vodka.
Funny you mentioned this. I was walking by a bar Saturday and heard someone call for a Tito's, and it caught my attention. The only bar I've been where that wouldn't be strange is at Lucy's in NO because of the Tito's Lemonade.
Now I know why that happened.
This post was edited on 5/9/16 at 1:53 pm
Posted on 5/9/16 at 2:12 pm to Cooter Davenport
quote:
They're playing with fire as far as market-share goes.
You are exactly right. Some of the first lessons taught in business school are about the product life cycle and the advantage of first to the market. Basically first to the market should always be the leader in the market throughout the life cycle.
Uber is in the early adopter segment of Ride sharing and were the first to market in Austin. They should always have an advantage over some other startup. However, in this case Uber did the opposite of what business professors teach and removed themselves from the Austin market on their own accord.
It will be interesting to see how the gamble pays offs if they take a six month or longer hiatus. Some other company will jump in to attack thier market share, and if or when Uber returns, it will interesting to see if the market uber built will come back to them or if those people moved on to a different service.
One thing is for sure, Austin is a very lucrative market for ride sharing. If I was Ceo of a ride share business, I would do whatever I needed to do to keep that revenue flowing. I sure as hell wouldn't be leaving the market when I was the unquestioned leader of it.
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