Asean-focused. Ex-Head of Thai Research

Athaporn Arayasantiparb, CFA

Thematic (Sector/Industry)

Startups are more likely to fail than succeed. Yet, failure is the mother of success, and there are many lessons we can take from these failed startups in the sharing economy. Ever heard of CouchSurfing? Neither did we before reading Brad Stone's Upstarts. Yet, these guys could have easily been Airbnb if they did a few things right. Common sense still works in the Internet age, but the rules have to be tweaked a bit when you deal with mystical connections in the atmosphere rather than a real fleet of car. Having said that, MCorp Review feels that there are some good lessons (more for entrepreneurs and managers than investors) one can take from examples in the book:<ul><li>Selectively embrace controversy. Uber's Kalanick goes overboard with office conduct, but overly compromising with regulators and cabbies could have been worse, as Hailo's example shows.</li><li>Be flexible yo. It's good to be passionate, but too much idealism, as in CouchSurfing's stubbornness in remaining a non-profit, led to unnecessary delays and eventual loss to Airbnb.</li><li>Don't give up. One of the earliest ride hailing pioneers simply gave up over personal safety fears and stress. Y Combinator called Airbnb co-founders "cockroach", because they simply wouldn't give up. Hmm...history could have turned out differently but for the mindset.</li><li>Pick the right partners. Some of their rivals jilted Sequoia, thinking how cool it was to do that. Big mistake...considering these guys later helped Uber with more than just capital yo.</li><li>Solve the glitches. Taxi Magic made some bloopers in their software that created wrong incentives. Anyone would have seen that coming.</li></ul>

Startups are more likely to fail than succeed. Yet, failure is the mother of success, and there are many lessons we can take from these failed startups in the sharing economy. Ever heard of CouchSurfing? Neither did we before reading Brad Stone's Upstarts. Yet, these guys could have easily been Airbnb if they did a few things right. Common sense still works in the Internet age, but the rules have to be tweaked a bit when you deal with mystical connections in the atmosphere rather than a real fleet of car. Having said that, MCorp Review feels that there are some good lessons (more for entrepreneurs and managers than investors) one can take from examples in the book:Selectively embrace controversy. Uber's Kalanick goes overboard with office conduct, but overly compromising with regulators and cabbies could have been worse, as Hailo's example shows.Be flexible yo. It's good to be passionate, but too much idealism, as in CouchSurfing's stubbornness in remaining a non-profit, led to unnecessary delays and eventual loss to Airbnb.Don't give up. One of the earliest ride hailing pioneers simply gave up over personal safety fears and stress. Y Combinator called Airbnb co-founders "cockroach", because they simply wouldn't give up. Hmm...history could have turned out differently but for the mindset.Pick the right partners. Some of their rivals jilted Sequoia, thinking how cool it was to do that. Big mistake...considering these guys later helped Uber with more than just capital yo.Solve the glitches. Taxi Magic made some bloopers in their software that created wrong incentives. Anyone would have seen that coming.

Silicon Stories D: Five Lessons from the Sharing Economy's Non-Starters

Equity Bottom-Up

Inspired by a trip to Zimbabwe and originally called Zimride, the Uber nemesis Lyft prides itself as being a ride sharing  rather than ride hailing app. At US$7.5bn, Lyft remains small relative to Uber. Critics have called it slow and quirky, and even author Brad Stone put them in the chapter on non-starters. But we suspect Lyft is here to stay. In many countries, Uber is unable to squash the competition entirely (China's Didi, ASEAN's Grab, etc), and Lyft does bring something different to the table: a collaborative structure, consumer idealism, and well...the ability to tip. There is also an interesting snippet about the three way relationship between them and GM, which we found a little strange.

Inspired by a trip to Zimbabwe and originally called Zimride, the Uber nemesis Lyft prides itself as being a ride sharing  rather than ride hailing app. At US$7.5bn, Lyft remains small relative to Uber. Critics have called it slow and quirky, and even author Brad Stone put them in the chapter on non-starters. But we suspect Lyft is here to stay. In many countries, Uber is unable to squash the competition entirely (China's Didi, ASEAN's Grab, etc), and Lyft does bring something different to the table: a collaborative structure, consumer idealism, and well...the ability to tip. There is also an interesting snippet about the three way relationship between them and GM, which we found a little strange.

Silicon Stories C: Hey Uber, Need a Lyft?

United States

Ryder System, Inc. provides a continuum of logistics, supply chain, and transportation management solutions worldwide.  The Company's offerings range from full-service leasing, commercial rental and maintenance of vehicles to integrated services.  The Company also offers comprehensive supply chain solutions, logistics management services, and e-Commerce solutions.

Avis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the Americas and International segments. The Americas segment licenses the firm's brands for car rentals in the United States. The International segment leases out vehicles in Europe, the Middle East, Africa, Asia, Australia, and New Zealand. It operates under the Avis, Budget, Zipcar, Payless, and Apex brands. The company was founded on August 23, 2006 and is headquartered in Parsippany, NJ.

Schneider National, Inc. operates as a transportation and logistics services company. The Company offers a broad portfolio of premier truckload, intermodal, and logistics solutions, as well as manages hire trucking fleets in North America. Schneider National provides asset-based truckload services with asset-light intermodal and non-asset logistics offerings.

Landstar System, Inc. is a North American truckload carrier.  The Company transports a variety of freight, including iron and steel, automotive products, paper, lumber, chemicals, foodstuffs, and military hardware.  Landstar provides truckload carrier services, intermodal transportation services, and expedited air and truck services to shippers in the US, Canada, and Mexico.

ArcBest Corp is a diversified holding company involved in motor carrier transportation and intermodal transportation operations.  The Company transports a variety of goods around the world.

Knight-Swift Transportation Holdings Inc. provides transportation and logistics services. The Company offers dry van, cross border freight transportation, fleet solutions, consulting, brokerage, equipment leasing, temperature controlled transport, and engineering services. Knight-Swift Transportation Holdings serves customers in North America.

Werner Enterprises, Inc. is a transportation company that primarily hauls truckload shipments of general commodities in both interstate and intrastate commerce.  The Company operates in the continental United States, as well as in Canada and Mexico.

Marten Transport, Ltd. is a long-haul truckload carrier providing protective service and time-sensitive transportation.  The Company specializes in protective service transportation of foods and other products requiring temperature-controlled carriage or insulated carriage.  Marten also provides dry freight carriage.

Heartland Express, Inc. is a short-to-medium haul truckload carrier.  The Company transports a variety of goods, including appliances, automotive parts, paper products, retail goods, and packaged foodstuffs.  Heartland operates in the United States.

Universal Logistics Holdings, Inc. provides truck transportation services. The Company offers flatbed, heavy haul, oilfield, van, temperature controlled transportation, and logistics solutions. Universal Logistics serves customers in North America.

Aurizon Holdings Ltd is a rail freight company. The Company provides coal, bulk and general freight haulage services, operating on the Central Queensland Coal Network (CQCN) and including specialised track maintenance and workshop support functions.

Hitachi Transport System, Ltd. provides freight truck, port harbor, and marine transportation, logistics, cargo handling, warehousing, and customs clearing services.  The Company mainly transports Hitachi Ltd's freight such as industrial machinery and precision equipment.

Keisei Electric Railway Co., Ltd. provides passenger rail and bus transportation services in the Metropolitan Tokyo and Chiba prefecture areas.  The Company operates department and supermarket stores, hotels, travel agents, movie theater and restaurants, and sells, leases, and maintains real estate.  Keisei Electric is a shareholder of Oriental Land Co., Ltd. which operates Tokyo Disneyland.

Kintetsu Group Holdings provides passenger rail, bus, taxi, and freight truck transportation services in the Kinki region including Osaka, Kyoto, and Nara prefectures.  The Company also offers ground, air, and marine logistics services and operates department stores and real estate business.

Kyushu Railway Company, doing business as JR Kyushu, offers transportation services. The Company provides passenger and railway freight services, as well as route, ticket, and time table information. JR Kyushu serves customers in Japan.

Keio Corporation mainly provides rail and bus transportation services for passengers in the Kanto area.  The Company leases real estate and operates department stores and supermarkets.  Keio also operates hotels in the Shinjuku and Sapporo areas.

TOKYU CORPORATION provides passenger rail transportation, bus transportation, truckload services, and air transportation serving the Tokyo and its surrounding areas.  The Company operates department stores, real estate leasing, and hotel businesses.  Through its subsidiaries, Tokyu offers leisure-related services such as travel agents, theaters. golf, and rent car agents.

Odakyu Electric Railway Co., Ltd. provides passenger rail and bus transportation services in the Kanto and Chubu areas including Tokyo.  The Company also operates department stores, amusement parks, hotels, real estate, and travel businesses.  The Company provides general construction such as residential building and land development.

Shenzhen Yan Tian Port Holding Co. Ltd. operates as holding company. The Company, through its subsidiaries, offers highway operation business, wharfs development and operation, cargo handling and transportation, and other businesses. Shenzhen Yan Tian Port Holding provides importing and exporting services.

Shenzhen Yan Tian Port Holdings Co Ltd. (000088 CH)

Hankyu Hanshin Holdings, Inc. is a passenger rail company serving the Kansai area.  The Company also provides passenger bus transportation and logistics services.  In addition, Hankyu Hanshin Holdings operates housing and urban development, athletic facilities, theaters, travel agents, hotels, and other leisure-related services.

Lyft, Inc. provides online ridesharing services. The Company offers ride booking, payment processing, and car transportation services. Lyft serves customers in the United States.

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Lyft (LYFT US)

Silicon Stories C: Hey Uber, Need a Lyft?

Inspired by a trip to Zimbabwe and originally called Zimride, the Uber nemesis Lyft prides itself as being a ride sharing rather than ride hailing...

Athaporn Arayasantiparb, CFA

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52-week Range

Market Cap (USDm)

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Silicon Stories D: Five Lessons from the Sharing Economy's Non-Starters

Startups are more likely to fail than succeed. Yet, failure is the mother of success, and there are many lessons we can take from these failed...

Athaporn Arayasantiparb, CFA

Silicon Stories C: Hey Uber, Need a Lyft?

Inspired by a trip to Zimbabwe and originally called Zimride, the Uber nemesis Lyft prides itself as being a ride sharing rather than ride hailing...

Athaporn Arayasantiparb, CFA