In this episode, Clay tells the story of Uber. Uber started as a simple idea, and evolved into one of the most disruptive companies of the modern era. Drawing from Brad Stone’s The Upstarts, the episode explores Uber’s early days, its global expansion, and the never-ending battles with regulators, competitors, and the taxi industry.


IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:01:42 - How Uber went from a simple idea in San Francisco to a global transportation platform in under a decade
00:03:58 - Why the taxi industry was ripe for disruption and how regulation shaped Uber’s early strategy
00:31:08 - The role venture capital, aggressive expansion, and competition played in Uber’s rise
00:39:41 - How network effects, data, and dynamic pricing powered Uber’s growth flywheel
01:00:42 - How Uber’s business model and moat evolved over time
01:15:54 - Why leadership style and company culture became both a strength and a liability as Uber scaled


Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.



BOOKS AND RESOURCES


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Brad Stone’s book: The Upstarts.

Stig Brodersen’s Uber pitch.


Shawn O’Malley’s Uber pitch.

Bill Ackman’s 2024 Annual Letter.

Follow Clay on X and LinkedIn. 

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