RSG042: Chris Guillebeau On Using Uber To Be A Better Entrepreneur

Today’s guest isn’t a rideshare driver but he is a New York Times best-selling author and serial entrepreneur.  On the podcast, Chris shares his tips for Uber drivers looking to make a splash with their entrepreneurial ventures and how driving for Uber or working in the on demand economy can make that happen.

If you’d like to read a transcript of this podcast, please click here.

In this episode, we talk to Chris Guillebeau, an NY Times best selling author about rideshare driving and entrepreneurship.

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Antitrust Claims: The Next Battleground For Gig Employers

Harry here.  I’m in Seattle this week so a little slow to reply to e-mails but will try and catch up over the weekend.  So if you’re waiting for a response, hang tight.

This week, RSG contributor John Ince takes a look at the big antitrust case Uber is involved with and what it could mean for drivers.  Enjoy and let us know what you think in the comments below.

In this week's round up, John Ince covers Uber's antitrust woes and also analyzes why Uber might be so intent on acquiring billions in cash.

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What Happens After You Get Approved For Xchange Leasing?

Harry here.  Over the past year, tens of thousands of people have visited this site to get more information on the Uber Xchange Leasing Program, and today we wanted to shed some light on what happens after you get approved for a lease.

If you’re looking for a comprehensive list of all the leasing/rental options available for rideshare drivers, please check out our new Uber and Lyft Vehicle Marketplace page.

Douglas Chin is an Uber Xchange Leasing specialist at Hertz Car Sales in Norwalk, CA, and today he’s going to share a guest post to help walk you through the process.  Doug and I do not have a financial relationship but he is a frequent commenter on the blog and I’ve appreciated all the questions he’s answered for RSG readers about the Xchange Leasing process over the past few months!  

Over the past two months, I’ve received numerous calls from various Uber partners wanting to know what to do after they get their approval from Xchange Leasing. Most simply just get an email approval that states they’re approved and a list of dealerships.  Some scour their email to gather more information, but I’ve been told that there isn’t much than that. I’m hoping this can help summarize the steps that need to be taken after the approval.

Heard about Xchange Leasing and want to know how it works? We shed some light on what happens after you get approved for a lease.

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Would Uber and Lyft Really Pull Out of Chicago?

Update (6/20/16): Looks like Uber and Lyft may be safe for now.  Ald. Beale has agreed to ‘study’ the fingerprinting issue for 6 months and will not require rideshare services to fingerprint their drivers – for now.

This Wednesday, the Chicago City Council will vote on an ordinance that could force Uber and Lyft to pull out of the city indefinitely.  If this story sounds familiar, it should.  Over the past year, Uber and Lyft have waged regulatory battles in several high profile locales (New York, Broward County, etc), and neither company is currently operating in Austin due to a recent fingerprinting requirement imposed by the city council.

We actually traveled to Austin a couple weeks ago to see the situation first-hand, and now it looks like Chicago might be next.  Many municipalities have tried to impose stricter taxi-like regulations over the past year, and it’s been a huge sticking point for the TNCs.  In fact, anything that involves fingerprinting of drivers or impediments to on-boarding is likely to elicit pull-out threats from Uber and Lyft since these companies rely on being able to churn and burn through their workforce.  By Uber’s own admission, they lose half of all drivers after just 12 months and, when you factor in their growth, they need to hire at least 60,000 new drivers every single month (according to my calculations) just to run efficiently.

We've heard this before - would Uber and Lyft really leave Chicago? We cover the regulations in Chicago here.

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Uber Reportedly Seeks to Raise Up to $2 Billion in the Leveraged Loan Market

Harry here.  It seems like there’s a never-ending supply of cash for Uber, but this week its main rival in China, Didi Chuxing, also got into the mix.  If you look carefully at Uber’s latest cash infusions, it seems like they’re being forced to go to further and further lengths to raise money.  They’ve tapped Russian oligarchs and Saudi princes and now they’re moving into the world of leveraged debt.  They may not be in a position to IPO anytime soon, but I just don’t know how many more options they have left when it comes to raising/borrowing money.

Today, RSG contributor John Ince dives in to the $2 billion Uber borrowed, the $7 billion Didi Chuxing raised and shares news on Uber’s potential IPO.

In this week's round up, John covers Uber's struggles in China, IPO news, and updates us on the Uber classification lawsuit.

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