This Week in Startups

Uber profitable again, SBF guilty, Biden's AI EO + Motive's John Habeck | E1842

Nov 8, 2023

44:45

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John Habeck, founder of Motive, joins the podcast to discuss building a startup in the car dealership industry. Topics include challenges faced by dealerships in managing websites, the importance of dealership guidance in car-buying, and the potential market for software in old school dealerships.

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Quick takeaways

Uber's Q3 earnings report indicates its shift towards profitability, with significant growth in gross bookings and monthly active users.

FTX founder's guilty verdict highlights the risks and challenges faced by the crypto industry, potentially impacting future regulation and adoption of cryptocurrencies.

Deep dives

Uber's profitability and growth in Q3 earnings

Uber reported a net profitable quarter, beating revenue expectations but slightly missing on analysts' revenue forecasts. The company has seen significant growth with a 21% increase in gross bookings and a 15% increase in monthly active users. Uber's market cap is approaching $100 billion, and it is expected to join the S&P 500 soon, leading to programmatic buying of its stock. The company's success signifies a shift from being a heavily subsidized business to achieving profitability.

Car Dealerships, Software Solutions, and Adjacent Industries

01:50

Guilty Verdict and the End of the Crypto Era

02:09

Introduction

3min

Uber's Financial Performance and Potential Growth

8min

The Future of Autonomous Ridesharing and the Role of Human Drivers

3min

Guilty Verdict and Extradition Complications

4min

Regulating AI and Investing in Startups

7min

Challenges and Importance of Dealership Websites

5min

Upgrading Software in Old School Dealerships, Managing Taxes for Startups

5min

Lessons from Previous Failed Ventures and Techniques to Speed up Product Development

11min

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Today’s show:

First up, Jason takes on the news solo by breaking down Uber's Q3 earnings (2:23), reflecting on SBF's guilty verdict (13:39), and giving some takes on Biden's EO on AI (15:53). Then, Motive CEO John Habeck joins to break down building "Shopify for Car Dealerships" (21:39).

Time stamps:

(0:00) Jason kicks off the show

(2:23) Uber earnings report and Uber’s profitability

(12:17) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/twist

(13:39) SBF’s guilty verdict

(15:53) Takes on Biden's executive order on AI

(20:11) House of Macadamias - Get a free month's supply of Macadamia Milk with any order at https://houseofmacadamias.com/twist by using code TWIST20!

(21:39) Motive CEO John Habeck discusses building a startup in a "sleeping giant" industry

(32:18) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at https://claconnect.com/tech

(33:17) Understand the TAM for "Shopify for Car Dealerships”

Referenced in the podcast:

https://s23.q4cdn.com/407969754/files/doc_earnings/2023/q3/earnings-result/Uber-Q3-23-Earnings-Press-Release.pdf

https://www.whitehouse.gov/briefing-room/presidential-actions/2023/10/30/executive-order-on-the-safe-secure-and-trustworthy-development-and-use-of-artificial-intelligence

https://www.businessofapps.com/data/uber-statistics

https://twitter.com/EconomyApp/status/1721899291248324642

Check out Motive: https://www.ridemotive.com

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