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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20Growth: Uber's Expansion Playbook for Scaling from 10 Cities to $10BN in Revenue | How Uber Acquired 1M Drivers | How Uber Solved the Chicken and The Egg Problem in New Markets and What Uber Would Be Like with Travis Still There with Scott Gorlick

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

NOTE

Local Presence Creates Competitive Advantage

In competitive markets, having a strong, established brand presence is crucial for gaining market share. Companies that have local teams on the ground can respond more effectively to market dynamics and customer needs compared to those relying on transient teams. This strategic commitment to local operations allows for quicker adaptation, stronger relationships with drivers, and a better understanding of regional challenges. As seen in the early competition between brands, sustained investment in local engagement can lead to a significant edge over competitors who lack that presence.

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