The Prof G Pod with Scott Galloway Office Hours: Uber’s Super App Prospects, Private Wealth Managers, and When to Raise Capital
Mar 7, 2022
The discussion delves into Uber's potential as an acquisition target and its aspirations to become a 'super app.' Insights on when startups should raise seed funding are shared, alongside Scott's personal journey through wealth management. He reflects on the transition from self-investing to hiring professionals, emphasizing the importance of financial planning and the balance between autonomy and expert advice. The conversation also includes the evolving landscape of venture capital and effective financial strategies.
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Uber's Acquisition Potential
- Uber, currently undervalued, could be an acquisition target due to its large user base and potential super-app status.
- Its value lies in its user base and data, not profitability.
Super App Concept
- A "super app" integrates transportation, social, and payments, commanding more user attention.
- Apple and Google prevent super apps in the US by charging fees and controlling online access.
Fundraising Advice
- Raise money when you don't need it, as it's harder when you're desperate.
- Consider if taking investor money aligns with your business goals, as investors expect high returns.