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The success of companies like Facebook, Google, Instagram, and Snapchat created a favorable environment for the launch of Uber. Their success stories attracted a flood of venture capital into Silicon Valley, which shifted the balance of power from venture capitalists to founders. This influx of capital made it easier for innovative ideas like Uber to secure the necessary funding for launch. Additionally, these companies' success demonstrated the potential of the internet and mobile apps, encouraging further innovation in these areas.
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In 2008, it was a perfect time to launch Uber. 75% of American households had computers with internet access, and Amazon Web Services had dramatically reduced the infrastructural costs involved to launch a company. Finally, the iPhone and the App store made software distribution to millions of users nearly effortless. Fuelled by the success of Facebook, Google, Instagram and Snapchat, venture capital flooded Silicon Valley and shifted the balance of power from Venture Capitalists to founders.
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Learn how Uber's growth was fuelled by obsessive product focus, broken rules, growth at all costs and minimal bureaucracy from the book that inspired...
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