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Tesla is not allowing their cars to be used by any other Network exactly they will you buy self-driving you have to sign all right right that you'll only share it with Tesla's but I think that's short-sighted thinking on the point of Tesla because again they have to look at that and kind of go will there be enough Tesla's to create a truly viable network you know the fact is if if you know you don't have enough cars to produce that three minute ride time because if you're kind of screwed you nee
they have had to build a critical mass of drivers yep and a critical mass of passengers and so a big part of their expense of course has been actually building the matching marketplace yeah I'm matching an algorithmic matching marketplace is the heart of what they do
what's really gonna happen with self-driving cars and uber and lyft is one of two things they're either gonna have to figure out a bunch of very very hard math about how they're going to keep incentivizing human drivers to be part of the mix ... or we should be pushing for interoperability ... enabling hooks in our platform so that anybody with a self-driving car can provide a la Airbnb through our platform
there's been a lot of discussion in the media about how self-driving cars will make uber and lyft much more profitable ... if you actually think about it a little bit the essence of the on-demand model is that the two sides of the marketplace scale in tandem ... all of a sudden you go with self-driving cars you're gonna have to have enough cars for peak ... if you're owning them all yeah
they actually augment their workers ... if you compare an uber or lyft driver to a taxi cab driver ... they don't have this magic Sixth Sense ... The critical mass of drivers is possible also because of the augmentation provided by Google Maps ... that's part of the secret of the business model
uber pick that up a year later ride-sharing
they worked with the black cars that was just a luck that was luck you know that was where these guys started the business and that was actually a better market for this to take off
they have had to build a critical mass of drivers and a critical mass of passengers and so a big part of their expense of course has been actually building the matching marketplace
you can have a company you don't always know what the result is you only know the result in the long term but you have to assess it you know like our uber and lyft simply borrowing from the future with this inflated valuation and the steady-state endgame will be that they will be a profitable sustainable company well they at some point flame out or will at some point have to raise their prices or you know and break the model but meanwhile they have this incredible currency where they can just sw
I think YouTube is still in the mode where they're they're actually still building the ecosystem
you look at Google they have this mission you look at mark he has his mission and yes they're really good at it they found this sweet business they can make a lot of money but that's not why they're doing it
you kind of go that is just broken thinking right where they don't understand that actually serving the user is more important than serving their their strategy
I just recently I went through this nightmare you know half hour how do I get this video out of you know Google photos so I can actually successfully post it to Facebook because Google wants to send you a link right because they want to bring you back to Google that's the strategy tax that's like okay we don't want to give you your own data in an easy format
we saw from the whole fake news problem just as we've seen previously in various attacks on the Google Fitness function is you have bad actors you have people who you don't fully understand what you're doing and you're it's this exploratory process and you have to fix it
the goal for Google was how quickly can we get you to the data you want for seeking the information and let you get on with your day
Google figured out hundreds of different factors that they could apply towards this master Fitness function of relevance
it turns out Jeffrey actually we funded a company called bounty quest which was an early crowdsourcing company for patent prior art and we put up a bounty and we didn't find anything... they really were on the Internet the one-click innovators yeah that we really there really was nothing like it
Jeff has used capitalism well
how Amazon rethought itself is a platform