What Uber Has Learned About Expansion, Hurdles and Growing Pains
{{#rendered}} {{/rendered}}For entrepreneurs, the story of Uber is a fairytale. Five years ago, the ridesharing startup launched in San Francisco. Today, it operates in 300 cities in 58 countries and is valued at about $50 billion.
That kind of growth is unequivocally amazing. But it comes with serious hurdles, especially for a startup in an industry that demands new rules and regulations.
Earlier this summer, I had a chance to sit down with Uber’s East Coast general manager, Meghan Verena Joyce, at the entrepreneurship conference 36|86 in Nashville. Joyce explained how Uber knows when it is time to launch in a new market, how the company manages the constant push to get lawmakers to adopt ridesharing regulation and what its biggest pain points have been.
{{#rendered}} {{/rendered}}Joyce also spoke about what it takes to get hesitant potential customers to hail a ride with their smartphone and hop in a stranger’s car.
Check out the video above.
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