Gurley says Uber in San Francisco was 20 times bigger than the taxi market, proving TAM conservatism wrong.
“By the time I wrote that, I already knew that Uber in San Francisco was 20 x bigger than the taxi market in San Francisco.”
Gurley wrote a post debunking an NYU professor's analysis that Uber would never exceed $4 billion in value.
“He published this piece that said Uber would never be worth more than $4,000,000,000 And I wrote one of my favorite blog posts ever titled How to Miss by a Mile, where I took apart his analysis and tried to well, I had a little I had an unfair advantage.”
Gurley says Uber was already 20x bigger than the San Francisco taxi market when critics valued it at $4 billion.
“in San Francisco, we're already 20 x bigger than the San Francisco taxi market at the time he wrote it.”