A few thoughts on Uber and the next 5 Years

Here are a few things I believe will happen to Uber in the next five years:

1. They are a lot closer to rolling out driverless cars than most people believe.
2. They will do it slowly, but as soon as they begin to roll out driverless cars, it will be the beginning of the end for the drivers.
3. Eventually they will get to all driverless, but it will take a few years.
4. Once that happens they cut the price by 30–50% but instead of profit share with driver partners, they take the whole kit and caboodle.
5. Users will be ecstatic because of cheaper prices and Uber makes more money. Drivers get the short end of the stick.
6. Uber will look like a steal at a $60B valuation.
7. Uber isn’t a ride-sharing or black car company. They offer those things but really they are a logistics company helping move anything from A to B.
8. They already flex their muscles in the logistics or “transportation” space but with driverless they can do so much more.
9. Not really only about Uber (but definitely related) — because of driverless cars, automation in service jobs, etc — it will be scary in 5–10 years, no matter who is President, there will be a wipe out in jobs with no current way to bring them back. It will be impossible to justify hiring people at a fast food joint when a robot will be able to do the job at a fraction of the cost. There is a huge business opportunity of helping these soon-to-be-out-of-work people find new roles, get educated to do other jobs, etc. Might even be biggest challenge of our generation.