Please join us for a black book review of the Uber IPO on Monday, April 22nd @ 12:30PM EDT.
Call Details
- Toll Free:
- Toll:
- UK: 0
- Confirmation Number: 13690020
- Slides & Video Links: CLICK HERE for event details (slides will be available shortly before the call)
With Uber’s public offering set to follow Lyft’s awkward debut, we’re hosting a black book to review how public markets may meet, value, and track shares of Uber. While the company would like investors to see it as the next Amazon, the decelerating growth and profitability challenges may leave investors concerned that Uber’s model is structurally deficient. We’ll lay out a data-oriented reasonable range of expectations for valuation and market reception, along with a review of the relevant filings and other available information.
Highlights
- Tracking Performance Intra-Quarter: App data, pricing collection, open data, other traffic metrics
- Breaking Down Broad TAM: Public transit/legacy taxi/other modes vs. second car thesis; commuter benefits, low hanging fruit now gone?
- Autonomous Driving: Stilted ‘direct solve’ for Level 5 relative to enhanced cruise control evolution
- Employment Contractor Advantage/Disadvantage: Durability of labor model, other examples, downside of independent, mercenary labor
- Structural Considerations: Maturing share doesn’t suggest a winner-take-all structure, a potential valuation negative
- International Exposures: Global flexibilities, failures, exporting a far from perfect competitive model
- Marketplace vs. Network, Competency: Highest value application of the platform may yet evolve, but new ‘marketplace’ applications unclear
- Valuation & Public Market Evaluation: Similar matching functions, sum-of-parts, margin upside limitations