Headlines 

Automakers Are Making Car Ownership Optional

People seeking a set of wheels traditionally had two options: buy or lease. But the advent of ride hailing turned the next generation of drivers into backseat riders. Now app-based subscriptions—think car sharing that’s paid by the month, not the hour—are vying for consumers who fall between Uber addicts and car owners. Car sharing is projected to grow globally from 5.8 million users in 2015 to 35 million by 2021, according to Boston Consulting Group. “If we’re right, nobody’s going to borrow money to buy a car again,” says Scott…

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Odds and Ends 

MIT study shows how much driving for Uber or Lyft sucks

Ride-hailing giants Uber and Lyft are delivering pitiful levels of take-home pay to the hundreds of thousands of US independent contractors providing their own vehicles and driving skills to deliver the core service, according to an MIT CEEPR study examining the economics of the two app platforms. The report catalyses the debate about conditions for workers on gig economy platforms, and raises serious questions about the wider societal impacts of tax avoiding, VC-funded tech giants. The study, entitled The Economics of Ride-Hailing: Driver Revenue, Expenses and Taxes, and which was carried out by…

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Odds and Ends 

Crunch Report | Y Combinator Wants In On The 3-Comma Club

Lyft launches a new self-driving division and will develop its own autonomous ride-hailing technology Y Combinator is reportedly raising a $1 billion fund Credits Written by: Tito Hamze, John MannesHosted by: Tito HamzeFilmed by:Tito HamzeEdited by: Chris Gates Notes: I dont know what to wear on Crunch Report (Its a hard decision and I suck at dressing myself). If you are a startup andwant to me to wear something mail me an XL T-shirt and Ill wear it in an episode. Im not going to mention the company on the…

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Odds and Ends 

Emil Michael, Ubers SVP of business, has left the company

Uber has confirmed that Emil Michael, one the companys top executives, has left the company. Earlier today Michael sent an internal email to staff that he would be leaving the ride-hailing company, according to a report from Recode. Michael, who served as the companys senior vice president of business, has long been a controversial figure outside of the company (he was the executive who suggested that Uber could and should perform opposition research on journalists). His departure was reported to be one of the recommendations that was set before Ubers…

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Odds and Ends 

Stealthy Boxbot wins the Pear prize for UC Berkeley with a tech for autonomous last-mile delivery

It was a long road that took the two founders of drinks at Drakes Dealership to winning sponsored by the firm of the same name that awards $250,000 to a startup founded by students, alumna or professors from the University of Berkeley along with some seed investments from Afore Capital and Automa Systems, an early Uber competitor that eventually turned into an Uber for trucking. That company was on the cusp of signing a term sheet and raising capital when Uber approached Godwin with an offer he couldnt refuse. Arcimoto,…

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