As the idea of a sharing economy is slowly on the rise, many companies have taken advantage of this new way of thinking. These companies have popped up across several different industries, including transportation, housing, and food. Based on the principle that sharing and exchanging resources can provide a mutually beneficial relationship for both parties involved, two bright entrepreneurs came up with a simple yet brilliant idea—tap a button and get a ride.
In 2008, Travis Kalanick and Garrett Camp were outside on a snowy evening in Paris, having difficulty hailing a cab. As they stood there out in the cold, they decided enough was enough. They brought the concept of Uber—one individual requesting a ride through their smartphone, and another individual using their own car to drive them for an allotted price—back to their home in San Francisco, California where the Uber headquarters is now located. Within one year, the Uber app was launched. Originally designed to request premium black cars in a few metropolitan areas, Uber quickly expanded to become a large corporation helping people all over the world get where they need to go, in exchange for a quick and cashless payment.
Uber Technologies Inc. has become one the fastest and smartest ways to get around, incorporating the same technology that we take for granted every day. Hailing a cab can often be quite impossible, especially during rush hour when you are trying to get home after a long day at work. Furthermore, buses, subways, and other forms of public transportation can often be crowded with no seats available. But within the last decade, means of transportation has been changed forever, as Uber co-founders Kalanick and Camp created a brand new experience for consumers, while also allowing for an opportunity for producers. With a smartphone in your hand and just the click of a button, a certified driver will be on their way to pick you up and take you to your desired destination—wherever and whenever. Whether you need to run an errand across town, catch a flight at the airport, make your daily commute to and from work, or get home after a late night out on the town, an Uber driver will be there at your disposal when needed.
Over the course of eight years since the company was first created, Uber has stretched to reach six continents, over 60 countries, and over 440 cities across the globe. Despite apprehension during its early stages, this large corporation is now estimated to be within the top 100 most powerful companies in America with a net worth well north of $50 billion.