Adam Jackson
π€ SpeakerAppearances Over Time
Podcast Appearances
This plays out negatively in the gig economy.
We're seeing it already.
Right.
The gig economy, all the gig economy did was effectively lower the minimum wage from 12 bucks to five bucks.
That's that's Georgetown did a study on that.
It made the Uber IPO, $85 billion IPO.
It made five guys here in San Francisco even richer, right?
Deca billionaires.
Meanwhile, a third of all Uber drivers live at or below the poverty line.
Some of them live in the cars they use to deliver the service, right?
They saw none of that value.
They have no say over the rules.
When surge pricing happens, Uber Inc.
keeps it.
When DoorDash keeps the tips, they have not.
So we're building a new paradigm here to give that control back to the users, to give that value the middleman steals, give it back to the users.
I mean, look, let's be fair.
Ten years ago, a location-aware mobile app on a crappy iPhone 4, that was hard to do for sure, right?
I was a mobile developer back then.
Look, maybe ten years ago, they spent $10 million on it.