Hearing that he just turned 40 and has one of the most successful businesses out now should encourage people that AGE is just a number when it comes to your dreams. DOn't quit on yourself.
I believe you are either reading into/misread my comment. No where in my comment did I say he BEGAN at the age of 40. I said it's encouraging to know/should encourage others being that his success was in his latter years (Which happens to be late 30's early 40's). If you listened to the video in detail you will hear that his success was not immediate; which is during the age you're putting reference to.
This is great! Can you please do more of these. Also can you do a video how to set up a company structure in more detail. Great content as always. Love from Australia!
I used to love Case Studies back in Business School. I can't believe I only found this channel now. This is so so good!!! There's really only one word to describe this format and that's DAAAAAAAMN!!!!!!!!! haha sending my best from Berlin!!!
The more I watch and learn with Valuetainment the more I get to share with those people that do not have the time to nor have the habit of getting into educational entrepreneurial case studies. The language is one reason and then there is myself that can translate it or better said share it and than have a great productive class that helps the industry and individual improve their communication skills.
+Ricardo Ode - I am personally honored to be part of that. We just want to make people better. And you already know my mission: to leave you better than I found you. - Tom
Would love a case study for AirBnB and a primer on starting a marketplace platform business model. Edit: God, I love these case studies, brilliant and valuable content. Please don't ever stop them! Also, it would be nice if you could keep the visual information on top of what you have about the key points you cover and all of the main content you want people to remember from the video.
+Elisha Watkins - that is exactly correct. He didn't show up and become an overnight success it took him 12 years to become an overnight success. ;) - Tom
What I learned is that ego is the core of successful biz - just look at how pat (the guy who loves hearing his own voice) takes over valuetainment by putting a vid out every minute leave no room for the more well researched n informative case study - a classic example of ego being the winning drive in biz
Interesting story I heard from Uber driver. He used to be a cabby and said the tech was offered to cabbies first (as some kind app dispatch system), but the union had already spent the money on their new dispatch system, so they passed. So the cabbies had their chance.
Thanks for the case study. Today you showed me how uber had plenty of competition points but looked past them and moved on. Also taught me to walk away from connections before burning them. Thanks!
After finishing my current book "Think and Grow Rich", I will start "Blue ocean strategy" next week. I have heard about it from you in many videos now :D Thanks for the awesome content. Looking forward for second part.
Make a plan, start a business, duplicate it everywhere, stop wasting time on dumb people, Tv and youtube, figure out a way to make money, save 50% and Read Business books. 99% of millionaires admit reading books was the reason they made millions
@@prakhar7205 Maybe back then. But the information in books can be found in UA-cam videos. Plenty of lectures reflecting the knowledge which was only available in books.
FYI....Uber is facing intense competition from the native cab reserve company Ola in India. And both are facing problems similar to the ones that you described in France. Time tells what happens and who wins in India. Nonetheless, thanks for another great invaluable case study.
+Allabakash Shaik - In part two we will look at those challenges. They have done pretty well in places like China where they partnered with the local company to own the market. - Tom
I like your case studies, great presentation. Do more please! Thanks for putting in the time to give us free knowledge, it saves so much time because you do the research for us. Plus it's fun and educational. Just want you to know that your effort is much appreciated, i know what it takes to put this all together. Thanks!
I had the pleasure of reading Lean Startup by Eric Ries. This book was an eye opener, and I learned so much from this book. I greatly appreciate the case studies, and a lot individuals are benefiting from them.
So just a note on the "entitled cab drivers" comment. While I don't know the policies in France, in Boston the cab drivers were sold medallions which basically read "you can't be a cab driver without one of these, and we will only ever produce a limited quantity.", these medallions still sell for around 100k now, so you can imagine what they went for before Uber crushed their value. Now, the other issue is Uber does not have price regulations, the taxi pricing is controlled by the police commission, so it's not like the compete in price. Basically, the government sold cab drivers a promise, failed to protect that promise (many medallion owners lost their retirement as a result of this) and then continue to keep them hamstrung from competing price wise. That's a case study all in itself though.
just found this channel and was watching a series of videos and came upon this. looking back.. Uber was also bullied by the government of the Philippines by the same reason as in Hungary and Austin, Texas. I can't blame the government as wealthy private individuals buy a fleet of cars not for private use -- increasing the cars on the street.
This is great and all, but I need to know the nitty gritty details. I need to know the ins and outs of how Uber got off the ground. The legal hurdles, the development, how they were able to get people interested in using the service.
I have to say that at first I wasn't thrilled about the Biz Doc but taking the time and searching everything that Tom points out makes it a huge source of information and beyond that, actually shows how big companies succeed or fail. Please keep posting this videos, they take out the fog of easy success and put light on specific companies that otherwise wouldn't get in. Any other place. Tom quick question could you do a video explaining Coca-Cola strategies for the next decade since I keep reading that they are loosing sales world wide would you say that one of the largest and most influential companies can't sale water or low sugar products? Thank you so much and also on a personal note I am starting a business and I would like to get your opinion on it can you share an address so I can mail you some of my products and get feedback if it is not to much trouble 😊 thanks
+Juan Banquero - yes you can find me at tom@tomellsworth.com. There are many case studies in the history of Coca-Cola and today they're fighting for relevance as many people realize how bad drinking gallons of sugar is. And when you manufacture and market 0 cal beverages you are competing with water flavored water and many other things not just diet soda. - Tom
Great content as usual! It is interesting to watch the legal battles. I have a taxi driver friend/acquaintance who seems a bit upset about the whole uber competition (he's from overseas as well) and part of me gathers that he wouldn't mind doing taxi as well as Uber or Lyft, because he has to use his own car for a taxi anyways. But he can't because the contract the taxi company makes him sign.
I absolutely love these case studies so much info I can't believe its all free I'm just trying to constantly sponge off you guys, thank you. BTW nice shirt I like the Mobil 1 logo, I work in sales for a division of Mobil up in Canada.
+Trudeau Is A Goof - all good. You may not know it but I am part Canadian on my father's side. You can sponge off of this all day long - be educated and we are honored to provide it. - Tom
You should a case study on stance socks. I would be really interesting to see how they were able to have the incredible growth they have had as well as becoming the official sock of the NBA and MLB.
Hey Tom, great vids. I would love for you to do a case study on a couple of very popular computer games: Dota 1 was a community created mini-game that was played on the warcraft 3 platform, owned by "blizzard entertainment". It was great, but graphics had stayed the same for years and years and people were complaining. "Riot games" saw this opportunity and made a similar but not identical game (League of legends) with good graphics. It was a big success. Then after a year or so "Valve" decided to make dota 2, which was exactly the same game as dota 1, but with really good graphics. Fast forward to today, Riot games is making an estimated 15 million a day from their game, while dota 2 is making the same every month. I think it's an interesting example of how someone saw the demand in the market, and acted fast, leaving competitions way behind. I guess that finishing first matters?
Fantastic case study and points to pick up on. Have got a backlog of books to knuckle down on lying on my desk (after these exams are out of the way!).
Great as always, Tom. As one of the people (Josh Shipp) I follow a lot says, "It takes ten years to be an overnight success." As I was watchinh this video though, there was quite going through my mind. You seem to be at a pretty content and lively place in your life journey. I'm wondering... how did Patrick Bet David enroll you to become part of his team? What did you see in him? What did you see in PHP? Given great leaders surround themselves with brilliant minds. I'm curious of your guys' story.
Hey its great to see Case studies.. I was hoping if you will be doing a video on the process of how a company is funded initially and what are the things to keep in mind when you are approaching these investors?
Great case study and a great channel. Many cabbies turned off their meters and joined Uber/Lyft. Former Hacks either joined Uber for the increased freedom or because Uber was taking their business Free enterprise just works that way. The individual doesn't stand a chance against well funded, aggressive competition. I wouldn't characterize cab owners as priveledged. Too many folks work long hours and support their families with a taxi. Perhaps you refer to the Yellow Cab medallion system of N.Y. as an example. Today if we don't change with the times the times change us. Great video !
I'll tell you built Uber. Government regulations and the taxi industry. Anyone who lives in New York, or even in my area, South Bend could understand really quickly. The Taxi companies pay big taxes for the pleasure of carting people around, and the Taxi companies always serve the big payer first. So, if you got a guy who wants to go to Chicago from South Bend verses a guy needing a lift to work downtown, guess what one is going to get the service? The guy needing a lift to work might be left waiting. The taxi companies don't care. Uber however serves the public interest. The driver verses ridder is somewhat more jelled, drivers want to make money, rider whats to get places. The ride prices are also much cheaper to boot. Thus Uber is much more efficient at meeting the needs of customers without being bogged down and having their interests distorted. It's amazing what a free market can do if left alone. It's a business plan that almost sells itself.
Great content as used to :) In France real issue is uber does not pay taxes as a overseas company. And French taxi driver pay huge sum ( around 150 000 € or 200 000 $) for license. Imagine someone come and do it for free! Tom what do you think driverless uber? And if it is the future of logistics in general, what will big logistic companies do? To compete with driverless uber trucks? Love from Paris
+Dogan Ulusoy - as usual, your comments have very good insights. I think the issue fir France is that they need to make the taxes and things equal for all companies that are offering ride services then the consumer can choose whoever is the best and all the company is running even playing field. Your second question is interesting. I think driverless cars is the way of the future and I think we've seen enough to know what's happening. Today you can buy a Tesla and it has auto pilot when you were on highways. Truly amazing technology. I wonder if in 20 years will we even own cars or will drones and driverless vehicles carefully programmed for safety take care of transportation of people packages and food?
Aye! You guys should do a video on college and entrepreneurship! How it will/won't help you, etc etc. Also in high school, things that WILL and WILL NOT apply to entrepreneurship! Thanks Valuetainment :)
Thank you Tom, I really appreciate your mix of successful company traits as well as traits that lead to a company's demise. Great info and super helpful. Your point about Leaders seldom coming out of nowhere reminds me of how they referred to Randy Travis back in the day - they said he was an overnight success and Randy would say "I've been performing anywhere that would let me 7 days a week for 15 damn years so if you think that's overnight you're missing how much I've earned my success". Great case study today.
I had no idea about this and I literally was wondering about this company last night before I fell asleep 😂 then I wake up and boom 💥 questions answered 😂 Thank you for this video !
+Henry Wissmiller - these are formula one team shirts. I obtained some of them from team members. Formula One is the pinnacle of motorsports and so many things have to go right to win a championship. It takes teamwork technology luck and I love the way that champions are rewarded. I think formula one is a lot like business - there's so many things that can go wrong but there's so many ways you can work as a team to be a champion.
I like your channel so much but I need more videos for teens and new ideas and new principles and I am actually a 15 years old teenager who started working on freelance websites. I wish you be the best.
This is one of my favorites. But for alll my cars heads out there... How about a case study on Christian Von Koenigsegg??? Youll find this guy is huuuge on innovation.
You and Pat have such great power and energy! My cofounder and I are just about to launch a lean web product. We are just two guys. Where and how can we find members for our core team? And how big should the core team be? We also can't afford to pay team members as we are just teenagers and still go full time to school.
My experience is that a core team is founder + 3 and 75% of the team needs to be working on product. Coding, building, testing researching OBSESSING on product!
Excellent presentation as always.Believe or not i am always looking forward to your case study,Tom. Question:How soon do you think my friend who is Uber driver will be out of work? Context:Uber is working hard on autonomous cars.
+Freedom Tech.Just Fix it. - I don't think your friend, the Uber driver, will be out of work anytime soon. I think autonomous cars will be more of the downtown thing although I could see them expanding. But I think most states will require a human being in the driver seat as an emergency backup. - Tom
Great case study Tom. Liking the McLaren F1 top, hopefully they perform better in the coming year (They have had enough failure experience in the last 3 years with the new Honda Engine). However, I am a ferrari fan, currently masters in failure :) Would be great to see a case study on F1. Bernie growth to success and his eventual sale of the business or a specific company. Manor racing just went into administration. Looking forward to Part 2 of the Uber 2014+ case study. I need to figure out how to get the right team, without having the money to pay for the type of people needed. Also what is the process for Venture Capital. Yes, before you even say it, don't worry, i'll google and see what I can find. Appreciate all the work you put into these case studies.
+Mark Ramrattan - wow, I love your comments. You can come to Dallas anytime and I will buy dinner and many many beers so we can talk F1! I do think F1 could be a great case study because it's really just a media brand in the form of a sports league just like the NFL or NBA or champions league or anything else. Lastly sounds like I need to do the case study on fundraising and financing. So many people are asking. - Tom
Sounds like a great plan re good food and copious amounts of beer :) I always wanted to come and experience the F1 Grand Prix in Austin Texas (I live in London, England). That could be a great combo: www.formula1.com/en/championship/races/2017/United_States.html You're right they are really just a media brand that can be applied across many sports leagues.
Go big and go fast. In my area Uber just exploded out of nowhere, everyone was using it and were sharing the £10 free ride offer, fueling the fire. Personally I love Uber, I'm willing to pay the extra because of the ease, but I know that the app angered lots of local taxi firms due to the drivers supposedly not having background checks
Looking for new case study suggestions? How about a story of relative success from a company who managed to compete with the big boys and is clearly driven by a central figure from the top, for example Horacio at Pagani or Christian at Koenigsegg?
+Gerard Brown - interesting suggestion. I would say Travis kind of fits into that he's competing against massive legacy taxis and other things. But I see what you mean and I think we could find some other examples. - Tom
VALUETAINMENT Hello Tom, thanks for the reply. I guess where I can see the main difference in approach is through Horacio and his personality, who I would describe as a masterful artist and creator taking on some of the worlds biggest car companies and brands such as Ferrari and Lamborghini in his home market of Italy. Christian Von Koenigsegg on the other hand I can agree is more of the typical combination of engineer and strong business mind. It is interesting however how he has started a car manufacturer to rival the best from Sweden... not your typical manufacturer of high end vehicles and perhaps more difficult to get the initial recognition as a result. Thanks, Gerry
Gerard Brown I think a great company that fits this mold and I myself look up to the CEO is Under Armour. They took on Goliath in Nike and are doing very well for themselves. p.s Tom I'm still keeping my on eye for the race shirts .
Uber was created by a UCLA dropout? I had no idea! This proves that through diligence anything is possible. He had faith in what he was going to do and make it happen. I think that real life experiences help build a stronger person because they know how to react to failure. That really shows a person's strong character to keep moving forward.
Hearing that he just turned 40 and has one of the most successful businesses out now should encourage people that AGE is just a number when it comes to your dreams. DOn't quit on yourself.
UNASHAMEDIMAGING why you saying it like he just starting out, he started at 23(young) and is a billionaire at 40(middle age). not started at 40.
I believe you are either reading into/misread my comment. No where in my comment did I say he BEGAN at the age of 40. I said it's encouraging to know/should encourage others being that his success was in his latter years (Which happens to be late 30's early 40's). If you listened to the video in detail you will hear that his success was not immediate; which is during the age you're putting reference to.
+UNASHAMEDIMAGING Amen to that - Tom
Thanks Tom.
Case Study for Entrepreneurs. That's what I'm talking about. What an educational channel.
+Elizabeth Perez - Olivieri good to see you again! Thanks for watching. - Tom
VALUETAINMENT you should do a case study on how facebook grew off the charts and myspace fell
This is great! Can you please do more of these. Also can you do a video how to set up a company structure in more detail. Great content as always. Love from Australia!
+Gappiya - Hello to you and Australia. Yes indeed there will be a new case study every Friday. - Tom
I used to love Case Studies back in Business School. I can't believe I only found this channel now. This is so so good!!! There's really only one word to describe this format and that's DAAAAAAAMN!!!!!!!!! haha sending my best from Berlin!!!
I miss this show
The more I watch and learn with Valuetainment the more I get to share with those people that do not have the time to nor have the habit of getting into educational entrepreneurial case studies. The language is one reason and then there is myself that can translate it or better said share it and than have a great productive class that helps the industry and individual improve their communication skills.
+Ricardo Ode - I am personally honored to be part of that. We just want to make people better. And you already know my mission: to leave you better than I found you. - Tom
Would love a case study for AirBnB and a primer on starting a marketplace platform business model.
Edit: God, I love these case studies, brilliant and valuable content. Please don't ever stop them! Also, it would be nice if you could keep the visual information on top of what you have about the key points you cover and all of the main content you want people to remember from the video.
12 years of experience and learning to get to where Travis was able to start correctly. patience and focus. wow!
+Elisha Watkins - that is exactly correct. He didn't show up and become an overnight success it took him 12 years to become an overnight success. ;) - Tom
I listen to these case studies with 50x attention than I do in my class. Keep it up!
What I learned is that ego is the core of successful biz - just look at how pat (the guy who loves hearing his own voice) takes over valuetainment by putting a vid out every minute leave no room for the more well researched n informative case study - a classic example of ego being the winning drive in biz
Hi ! I don't know if it comes from me but the subtitles are not synchronised with the audio. Otherwise great video !
It's not from you. It's the same here three years later. I saved myself some time by just turning it off.
Same
I'm amazed with all this educational videos. It's like I don't have to search anywhere for this type of content, because is all here!
+Conrad C. Mota Terrero - I love the fact that you said that. Our mission is to provide this education to entrepreneurs everywhere. - Tom
Tom, one word comes to mind when I watch these case study videos: DAMN!!!
+Drew Sneed - my trademark "Word" - Tom
Interesting story I heard from Uber driver. He used to be a cabby and said the tech was offered to cabbies first (as some kind app dispatch system), but the union had already spent the money on their new dispatch system, so they passed. So the cabbies had their chance.
better than any formal school I attended, thank you. mind you I have a PhD degree never formally used so far.
Tom Ellsworth and valuetainment, what an honour it is to have such high quality content from you. Thank you
+Pocket Man - thank you for that it is very much appreciated. - Tom
Its the least I could do!
Thanks for the case study. Today you showed me how uber had plenty of competition points but looked past them and moved on. Also taught me to walk away from connections before burning them. Thanks!
+Tyler Vonderstrassr - Great summary. I'm glad the case study was valuable to you - Tom
After finishing my current book "Think and Grow Rich", I will start "Blue ocean strategy" next week. I have heard about it from you in many videos now :D
Thanks for the awesome content. Looking forward for second part.
+Lakhbir Singh - that's great. It's a phenomenal book and one that you will probably keep on yourself forever. - Tom
Love the fact you gave the 3 cores in the begining!
+rsn:kucam1 thank you for the feedback, I appreciate it. - Tom
One can only see how critically important it is to have a good idea at the beginning....
+Flankymanga True that. - Tom
Great video, what is the next step after dropping out of college?
Socrates Self educate
Join the University of Life, I heard their curriculum is invaluable.
Make a plan, start a business, duplicate it everywhere, stop wasting time on dumb people, Tv and youtube, figure out a way to make money, save 50% and Read Business books. 99% of millionaires admit reading books was the reason they made millions
Prakhar nice advice
@@prakhar7205 Maybe back then. But the information in books can be found in UA-cam videos. Plenty of lectures reflecting the knowledge which was only available in books.
FYI....Uber is facing intense competition from the native cab reserve company Ola in India. And both are facing problems similar to the ones that you described in France. Time tells what happens and who wins in India. Nonetheless, thanks for another great invaluable case study.
+Allabakash Shaik - In part two we will look at those challenges. They have done pretty well in places like China where they partnered with the local company to own the market. - Tom
I like your case studies, great presentation. Do more please! Thanks for putting in the time to give us free knowledge, it saves so much time because you do the research for us. Plus it's fun and educational. Just want you to know that your effort is much appreciated, i know what it takes to put this all together. Thanks!
I had the pleasure of reading Lean Startup by Eric Ries. This book was an eye opener, and I learned so much from this book. I greatly appreciate the case studies, and a lot individuals are benefiting from them.
+Reggie Menard - That's excellent! You keep that book on your shelf for a long time. - Tom
So just a note on the "entitled cab drivers" comment. While I don't know the policies in France, in Boston the cab drivers were sold medallions which basically read "you can't be a cab driver without one of these, and we will only ever produce a limited quantity.", these medallions still sell for around 100k now, so you can imagine what they went for before Uber crushed their value. Now, the other issue is Uber does not have price regulations, the taxi pricing is controlled by the police commission, so it's not like the compete in price.
Basically, the government sold cab drivers a promise, failed to protect that promise (many medallion owners lost their retirement as a result of this) and then continue to keep them hamstrung from competing price wise. That's a case study all in itself though.
I'd like to see a contrarian case study on a company that you consider overhyped at this moment. Great channel
just found this channel and was watching a series of videos and came upon this.
looking back.. Uber was also bullied by the government of the Philippines by the same reason as in Hungary and Austin, Texas.
I can't blame the government as wealthy private individuals buy a fleet of cars not for private use -- increasing the cars on the street.
This is great and all, but I need to know the nitty gritty details. I need to know the ins and outs of how Uber got off the ground. The legal hurdles, the development, how they were able to get people interested in using the service.
Love your Case Study series.
I have to say that at first I wasn't thrilled about the Biz Doc but taking the time and searching everything that Tom points out makes it a huge source of information and beyond that, actually shows how big companies succeed or fail. Please keep posting this videos, they take out the fog of easy success and put light on specific companies that otherwise wouldn't get in. Any other place. Tom quick question could you do a video explaining Coca-Cola strategies for the next decade since I keep reading that they are loosing sales world wide would you say that one of the largest and most influential companies can't sale water or low sugar products? Thank you so much and also on a personal note I am starting a business and I would like to get your opinion on it can you share an address so I can mail you some of my products and get feedback if it is not to much trouble 😊 thanks
+Juan Banquero - yes you can find me at tom@tomellsworth.com. There are many case studies in the history of Coca-Cola and today they're fighting for relevance as many people realize how bad drinking gallons of sugar is. And when you manufacture and market 0 cal beverages you are competing with water flavored water and many other things not just diet soda. - Tom
Great Video. No mention of Garrett Camp!!!!
can't wait for the second chapter
+oliverv94 coming soon!
Great content as usual! It is interesting to watch the legal battles. I have a taxi driver friend/acquaintance who seems a bit upset about the whole uber competition (he's from overseas as well) and part of me gathers that he wouldn't mind doing taxi as well as Uber or Lyft, because he has to use his own car for a taxi anyways. But he can't because the contract the taxi company makes him sign.
That's a tough situation. The war between the new and old has such an impact on people such as your friend. - Tom
Legendary Ton i always wait for videos from valuetainment
Tom*
+Adnan Daad - no sweat thank you for the comment. -
I absolutely love these case studies so much info I can't believe its all free I'm just trying to constantly sponge off you guys, thank you. BTW nice shirt I like the Mobil 1 logo, I work in sales for a division of Mobil up in Canada.
+Trudeau Is A Goof - all good. You may not know it but I am part Canadian on my father's side. You can sponge off of this all day long - be educated and we are honored to provide it. - Tom
Please we need subtitles back!!!!
You should a case study on stance socks. I would be really interesting to see how they were able to have the incredible growth they have had as well as becoming the official sock of the NBA and MLB.
+Ethan Edmunds - that is very interesting suggestion. - Tom
Hey Tom,
great vids. I would love for you to do a case study on a couple of very popular computer games:
Dota 1 was a community created mini-game that was played on the warcraft 3 platform, owned by "blizzard entertainment".
It was great, but graphics had stayed the same for years and years and people were complaining.
"Riot games" saw this opportunity and made a similar but not identical game (League of legends) with good graphics. It was a big success.
Then after a year or so "Valve" decided to make dota 2, which was exactly the same game as dota 1, but with really good graphics.
Fast forward to today, Riot games is making an estimated 15 million a day from their game, while dota 2 is making the same every month.
I think it's an interesting example of how someone saw the demand in the market, and acted fast, leaving competitions way behind. I guess that finishing first matters?
Love all these case studies! Keep up the great content!
+LBJMediaLLC thank you sir - Tom
Great! Never seen such detailed content on the internet... Thanks a lot Valuetainment
+Billy Rotich that's our goal! -
Fantastic case study and points to pick up on. Have got a backlog of books to knuckle down on lying on my desk (after these exams are out of the way!).
+The Grinning Skull - One book at a time and keep learning until the day you're old and gray. - Tom
Great as always, Tom. As one of the people (Josh Shipp) I follow a lot says, "It takes ten years to be an overnight success." As I was watchinh this video though, there was quite going through my mind. You seem to be at a pretty content and lively place in your life journey. I'm wondering... how did Patrick Bet David enroll you to become part of his team? What did you see in him? What did you see in PHP? Given great leaders surround themselves with brilliant minds. I'm curious of your guys' story.
Hey its great to see Case studies.. I was hoping if you will be doing a video on the process of how a company is funded initially and what are the things to keep in mind when you are approaching these investors?
+Vedant Lunia - that is more than a case study and I would love to put that together. - Tom
Great case study and a great channel. Many cabbies turned off their meters and joined Uber/Lyft. Former Hacks either joined Uber for the increased freedom or because Uber was taking their business Free enterprise just works that way. The individual doesn't stand a chance against well funded, aggressive competition.
I wouldn't characterize cab owners as priveledged. Too many folks work long hours and support their families with a taxi. Perhaps you refer to the Yellow Cab medallion system of N.Y. as an example.
Today if we don't change with the times the times change us. Great video !
I'll tell you built Uber. Government regulations and the taxi industry. Anyone who lives in New York, or even in my area, South Bend could understand really quickly. The Taxi companies pay big taxes for the pleasure of carting people around, and the Taxi companies always serve the big payer first. So, if you got a guy who wants to go to Chicago from South Bend verses a guy needing a lift to work downtown, guess what one is going to get the service? The guy needing a lift to work might be left waiting. The taxi companies don't care. Uber however serves the public interest. The driver verses ridder is somewhat more jelled, drivers want to make money, rider whats to get places. The ride prices are also much cheaper to boot. Thus Uber is much more efficient at meeting the needs of customers without being bogged down and having their interests distorted. It's amazing what a free market can do if left alone. It's a business plan that almost sells itself.
Clear and helpful as always :)
+I Am Alex - thanks! - Tom
can i have the resources please if it is available
Great Material!!!!! Love these videos
+reynaldo velasquez thank you sir. - Tom
Thank you so much Tom Ellsworth!
Great content as used to :)
In France real issue is uber does not pay taxes as a overseas company. And French taxi driver pay huge sum ( around 150 000 € or 200 000 $) for license. Imagine someone come and do it for free!
Tom what do you think driverless uber? And if it is the future of logistics in general, what will big logistic companies do? To compete with driverless uber trucks?
Love from Paris
+Dogan Ulusoy - as usual, your comments have very good insights. I think the issue fir France is that they need to make the taxes and things equal for all companies that are offering ride services then the consumer can choose whoever is the best and all the company is running even playing field.
Your second question is interesting. I think driverless cars is the way of the future and I think we've seen enough to know what's happening. Today you can buy a Tesla and it has auto pilot when you were on highways. Truly amazing technology. I wonder if in 20 years will we even own cars or will drones and driverless vehicles carefully programmed for safety take care of transportation of people packages and food?
Great case study today. Looking forward to part 2.
Stay tuned - coming soon. - Tom
Tried uber in September in Aus!
Great introductory !!!
Great case studys Tom alot of value in these videos!!
+Michael Galindo thank you I am glad you find them useful. - Tom
Aye! You guys should do a video on college and entrepreneurship! How it will/won't help you, etc etc.
Also in high school, things that WILL and WILL NOT apply to entrepreneurship!
Thanks Valuetainment :)
Specifically business school btw
+Conqueeftador Jones - I love the way you're thinking and I I think we could put together something like that.
What a useful video. Thanks Tom
This so a great one , love these case studies !
+Dwight Neptune - thank you sir - Tom
Really enjoyed this - now part 2 ...
+Nosisa Ndabandaba appreciate it - Tom
Uber really solved a problem!
Waiting for the second part!!
+The eCom Project coming soon!
Another great vid Tom!
+Mata Mokwala - thank you very much. - Tom
What is the blue ocean strategy?
I am astonished with your quality content ! You just got a new subscriber!
Tom thank you so much again for these case studies. You're really good at keeping attention. Look forward to more :)!
+Alfred Awosanya - you're very welcome. Thank you for taking the time to leave a comment. - Tom
fantastic video! love this channel!
Thank you Tom, I really appreciate your mix of successful company traits as well as traits that lead to a company's demise. Great info and super helpful. Your point about Leaders seldom coming out of nowhere reminds me of how they referred to Randy Travis back in the day - they said he was an overnight success and Randy would say "I've been performing anywhere that would let me 7 days a week for 15 damn years so if you think that's overnight you're missing how much I've earned my success". Great case study today.
+Hickory Homes - Excellent example. That's exactly the point! - Tom
These videos are so good. Who does this on youtube. Great unique content.
wish case studies uploaded more often like twice a week or so :P thanks for making these videos
+clash gamerxp - So you're busting me already & want me to work harder? Ha ha - Tom
***** well i know it taking alot of work but you're doing a great job in it :)
clash gamerxp actually, its okay if its not too often so that Tom Elsworth have all the time to prepare quality contents.
1. Great CEO's don't come out of nowhere. 2. Assemble a great core team early. 3. Go big and go fast.
hey pat do you seed fund?
I had no idea about this and I literally was wondering about this company last night before I fell asleep 😂 then I wake up and boom 💥 questions answered 😂 Thank you for this video !
Glad to do it! - Tom
Excellent! Can't wait for the next episode...thank you
+Carlos B every Friday! -
when building a companh start with a great team of core people
then go big and go fast
where do you get shirts like that?
+Henry Wissmiller - these are formula one team shirts. I obtained some of them from team members. Formula One is the pinnacle of motorsports and so many things have to go right to win a championship. It takes teamwork technology luck and I love the way that
champions are rewarded. I think formula one is a lot like business - there's so many things that can go wrong but there's so many ways you can work as a team to be a champion.
***** thanks!
Another great video by Tom!
+WaqarDepp - another great viewer leaves a comment! - Tom
VALUETAINMENT Haha, thanks Tom.
Great as always! 👍🏻👍🏻👍🏻
+khmhd - you are appreciated, as always. - Tom
After Uber could you consider doing a case study on Airbnb?
+Cameron Blackwell - I think that's a very strong idea. Let me do some research on it. - Tom
I like your channel so much but I need more videos for teens and new ideas and new principles and I am actually a 15 years old teenager who started working on freelance websites. I wish you be the best.
+Makary Nabil we'll keep that in mind. Stay tuned.
+VALUETAINMENT Thanks for your concern.
Great video Tom. Very informative
+Lemuel Dennis thanks - Tom
This is one of my favorites. But for alll my cars heads out there... How about a case study on Christian Von Koenigsegg??? Youll find this guy is huuuge on innovation.
You and Pat have such great power and energy!
My cofounder and I are just about to launch a lean web product. We are just two guys.
Where and how can we find members for our core team? And how big should the core team be? We also can't afford to pay team members as we are just teenagers and still go full time to school.
My experience is that a core team is founder + 3 and 75% of the team needs to be working on product. Coding, building, testing researching OBSESSING on product!
really a great content..Pet David your the man.
Great video, could you breakdown the capital A, B & C for fundraising?
Very interesting. Staying lean is very important at the survival stage. Thanks for this.
Have you read the book by Eric Ries? - Tom
Excellent presentation as always.Believe or not i am always looking forward to your case study,Tom.
Question:How soon do you think my friend who is Uber driver will be out of work?
Context:Uber is working hard on autonomous cars.
+Freedom Tech.Just Fix it. - I don't think your friend, the Uber driver, will be out of work anytime soon. I think autonomous cars will be more of the downtown thing although I could see them expanding. But I think most states will require a human being in the driver seat as an emergency backup. - Tom
***** Thank you very much !
Thanks Tom, another great video!
+Missell - I appreciate the shout out. - Tom
Can I know the brand of the blackborad
+Baha Seyam - www.billyboardsmfg.com. Magnetic porcelain.
great video... thank you ... you are the best... (from Delhi, India)
+utsav parashar - hello to India, thank you very much. - Tom
Great case study Tom. Liking the McLaren F1 top, hopefully they perform better in the coming year (They have had enough failure experience in the last 3 years with the new Honda Engine). However, I am a ferrari fan, currently masters in failure :) Would be great to see a case study on F1. Bernie growth to success and his eventual sale of the business or a specific company. Manor racing just went into administration.
Looking forward to Part 2 of the Uber 2014+ case study. I need to figure out how to get the right team, without having the money to pay for the type of people needed. Also what is the process for Venture Capital. Yes, before you even say it, don't worry, i'll google and see what I can find. Appreciate all the work you put into these case studies.
+Mark Ramrattan - wow, I love your comments. You can come to Dallas anytime and I will buy dinner and many many beers so we can talk F1!
I do think F1 could be a great case study because it's really just a media brand in the form of a sports league just like the NFL or NBA or champions league or anything else.
Lastly sounds like I need to do the case study on fundraising and financing. So many people are asking. - Tom
Sounds like a great plan re good food and copious amounts of beer :) I always wanted to come and experience the F1 Grand Prix in Austin Texas (I live in London, England). That could be a great combo: www.formula1.com/en/championship/races/2017/United_States.html
You're right they are really just a media brand that can be applied across many sports leagues.
This really helped me since I'm building an app similar to uber thanks :)
+abdullahi ali - i'm glad to hear it helped you - good luck with your project. - Tom
you will really have to lift up your ideas if you want to compete
whats it called guber? you guberhead
Hi, creating something similar to Uber App may not be successful. Try to think different and create something new.
I am motivated . Thank you . you just made me downloaded the app right now .
nice case presentation.
+Adebeshin Lawal - that is excellent. - Tom
Go big and go fast. In my area Uber just exploded out of nowhere, everyone was using it and were sharing the £10 free ride offer, fueling the fire. Personally I love Uber, I'm willing to pay the extra because of the ease, but I know that the app angered lots of local taxi firms due to the drivers supposedly not having background checks
+Combat Goose - we cover some of that kind of controversy in part two. Actually Uber is very careful with their drivers.
Damnit Tom! These case studies are so great!
+Carlos - thank you sir. - Tom
great great great Tom. cant wait for the part 2. Here in Asia its UBer VS Grabb
+Gerald Bassig - part two just went live. - Tom
Looking for new case study suggestions? How about a story of relative success from a company who managed to compete with the big boys and is clearly driven by a central figure from the top, for example Horacio at Pagani or Christian at Koenigsegg?
+Gerard Brown - interesting suggestion. I would say Travis kind of fits into that he's competing against massive legacy taxis and other things. But I see what you mean and I think we could find some other examples. - Tom
VALUETAINMENT Hello Tom, thanks for the reply. I guess where I can see the main difference in approach is through Horacio and his personality, who I would describe as a masterful artist and creator taking on some of the worlds biggest car companies and brands such as Ferrari and Lamborghini in his home market of Italy. Christian Von Koenigsegg on the other hand I can agree is more of the typical combination of engineer and strong business mind. It is interesting however how he has started a car manufacturer to rival the best from Sweden... not your typical manufacturer of high end vehicles and perhaps more difficult to get the initial recognition as a result.
Thanks,
Gerry
Gerard Brown I think a great company that fits this mold and I myself look up to the CEO is Under Armour. They took on Goliath in Nike and are doing very well for themselves. p.s Tom I'm still keeping my on eye for the race shirts .
really great case study videos
+Ariphael - Thank you very much. - Tom
do a case study on Valve
Great content! Very interesting
+Andrew Magz - thanks - Tom
Uber was created by a UCLA dropout? I had no idea! This proves that through diligence anything is possible. He had faith in what he was going to do and make it happen. I think that real life experiences help build a stronger person because they know how to react to failure. That really shows a person's strong character to keep moving forward.
YEP! But he was a SMART dropout studying computer engineering! - Tom
This was quite informative
+Tobi Samuel thank you, I'm glad that it was. - Tom