Take Me Home Tonight: Comparing Uber, Lyft, Sidecar, and Chariot

Published on in Funding, Venture Capital , , , , , , , , , by

Uber’s jump in reported valuation piqued our interest around the office. It took 18 days for Uber’s valuation to rise from an estimated $10 billion to a reported $17 billion. They have yet to close the round. With the flurry of press surrounding the fundraising, the team at Mattermark expects Uber’s Mattermark Score to increase due to a rise in Twitter mentions and web traffic.

The Mattermark Score is an average of all weekly momentum scores. A positive score indicates growth, a score closer to zero indicates a plateau, and a negative score indicates a declining online footprint.

We used Mattermark data to determine which four transportation startups gained the most momentum in May. Contextualizing the competition, Uber and Lyft are widely seen as the top competitors; Sidecar’s $10m Series B pales in comparison to Uber’s current $307.5 million raised or Lyft’s $332.5 million. Then there’s Chariot, a newcomer to the Bay Area that is picking up speed.

*

Mattermark Score

Uber: 1,794
Lyft: 1,425
Sidecar: 322
Chariot: 437

Uber’s score peaked on December 14th of last year, but it’s hovered between 1,700 and 1,800 ever since. This score indicates that Uber is gaining—and continuing to gain attention online. For one metric, let’s look at Uber’s Twitter mentions:

Uber Twitter MentionsNow let’s compare that to Lyft’s Twitter mentions:

Lyft Twitter MentionsCheck out the Y axis. Uber gets over 155% of the attention that Lyft gets.

In comparison, let’s look at the attention generated by Sidecar. The first peak occurred the week of February 23rd, coinciding with Fred Wilson’s announcement that USV would invest in Sidecar. The second peak took place the week that the Wall Street Journal declared Sidecar the winner in a competition with Uber, Lyft, and a traditional taxi service based on price and time.Sidecar Twitter Mentions UPDATED

Sidecar hasn’t generated many headlines since the article’s publication. We consider the steep decline in Sidecar job openings to be the most eye-opening indicator of the company’s growth prospects.Sidecar Job Openings UPDATED

But what about Chariot, the “Chestnut Bullet” operating between the Marina and Downtown? As a new company, it’s comparatively easier for Chariot to generate growth than for Sidecar. Still, we found it telling that Chariot had a higher Mattermark Score than Sidecar (437 vs. 322) only a few months after raising $10 million in a round led by Union Square Ventures. Chariot’s monthly uniques are growing quickly week-over-week and the number of Twitter followers has increased by over 160% in a month’s time:Chariot Twitter Followers Updated 2

Obviously this kind of growth is easier to capture at first. Chariot’s service—a shuttle between well-to-do neighborhoods and popular downtown destinations—can easily scale to more neighborhoods and cities. We’ll continue to keep a close eye on it. And while it appears that the wheels are falling off of Sidecar, the company has the capital to survive if it can reestablish its value proposition.

Photo courtesy of StreetsBlog SF.

Stealthy Seattle Techstars Startup Wire Labs Raises $1.8M of Seed Funding

Published on in Funding by

fullcolorA regulatory filing today reveals that Wire.im cofounders Piragash Velummylum and Jordan Timmerman have raised $1,845,000 for the Seattle-based company Wire Labs. The company is a graduate of the 2013 Techstars Seattle class and their blurb in the Demo Day program simply says “We’re making messaging fun”. They previously raised $150,000 in seed funding earlier this year, as reported by GeekWire.

Mattermark began tracking the company in early August, and it appears they’ve seen an uptick in web traffic over the past 3 weeks, and have secured investment from a cadre of Seattle-area angel investors:

  • Spencer Rascoff, CEO of Seattle real-estate startup Zillow
  • Brian Ma, Cofounder of Decide.com
  • Korwin Smith, longtime Seattle tech employee (Amazon, Drugstore, Real)
  • Jim Wood, Amazon veteran
  • David Glick, Amazon veteran
  • Maju Kuruvilla, current Amazon exec
  • Mike Bundy, Amazon veteran
  • Kurt Kurfeld, Amazon veteran
  • Dilip Kumar, VP at Amazon
  • Wyatt Camp
  • Chad Goelzer
  • Rick Batye

You can follow along with the company to find out when they launch at @wireim (which has only tweeted 3 times) where they show a team photo with 7 members.

 

Is WIRE going to be like LINE? Time will tell.

SoCal Laundry Startup Washio Raises $1.3M Equity Round, Haroon Mokhtarzada Joins Board

Published on in Funding by

washio-logoWashio is a Southern California based wash and fold laundry service that picks up your dirty laundry, cleans it, and delivers it to you – and now they have $1.3M from prominent early stage investors to help build a company around solving this problem, according to this regulatory filing.

The cofounders are Jordan Metzner and Juan Dulanto, who have known each other for the past 5 years and met in Argentina while working in the restaurant industry. Metzner franchised a burrito restaurant chain to 15 locations in South America, and Dulanto previously created a chain of juice bars in Argentina.

Continue reading