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The Best New Technologies Don’t Just Unseat Incumbents, They Grow the Market

Posted by on | March 19, 2018 | Comments Off

I love Mark Perry’s blog but I think he missed an opportunity to point out something awesome in this chart:

taxi 1 650x650 The Best New Technologies Dont Just Unseat Incumbents, They Grow the Market

We spend a lot of time discussing how Uber and its app-based peers are upending the traditional taxi monopoly.  And no one enjoys seeing a government enforced crony monopoly overturned more than I.  But let’s not miss the other story here, which is the tremendous increase in customer well-being and mobility.  Forget the mix for a second and add the two lines.  Monthly passenger rides, which were stuck in the 12-13 million a month range for years, have almost overnight doubled to about 25 million rides with the advent of ride-hailing and the entry of many ordinary folks without taxi medallions into the drive-for-hire business.  This is amazing!

 The Best New Technologies Dont Just Unseat Incumbents, They Grow the Market  The Best New Technologies Dont Just Unseat Incumbents, They Grow the Market  The Best New Technologies Dont Just Unseat Incumbents, They Grow the Market

 The Best New Technologies Dont Just Unseat Incumbents, They Grow the Market

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