Watch Out Uber, Juno Is Quietly Invading Gotham City
- Drivers in NYC are being paid $25 a week to gather data in NYC
- Juno was created by Talmon Marco the CEO of Viber. Viber had 700 million customers and was sold for $900m. Not his first rodeo.
- Juno plans to be an “ethical, socially responsible ride sharing service”
News broke early this week of a fascinating new ridesharing startup call Juno. Invented by the CEO of Viber, Talmon Marco, this new competitor may eventually pose a threat to Uber dominance in New York City.
Viber has had incredible growth and they have grown to over 700 million customers. It will be fascinating to watch Juno leverage their collective experience growing a large consumer product into a ridesharing application. Their dev teams are located in Israel.
Here is a great post about Juno
New ridesharing service Juno wasn't planning to do any press for a few months. But when you put an app in two thousand…pando.com
What Else We Know
- Juno is paying drivers between $25-$50 a week to use their app to track driving
- Juno plans to take only 10% of the fare
- The drivers get equity in the company
- There will be a 24 hour support phone number
- Their new office is in 1 World Trade Center, NYC
- Drivers have reported that thousands drivers have already joined
Junos competitive advantages are that they offer equity to the drivers, they only take 10% of the fare, and they focus on trying to treat the drivers with more respect. Uber has been hitting the news quite frequently lately with its callous disregard for its workforce.
Talmon Marco told FORBES. “It’s time for an ethical, socially responsible ride sharing service. And that’s what we are doing.”
If Juno is able to grab consumer interest and market share, it may be able to quickly convert over a large number of New York City Uber drivers who are looking for better opportunities since the devastating rate cuts last month.
It will be fascinating to watch as they build the demand side of the marketplace. Currently Lyft and Uber are spending hundreds of millions of dollars on customer acquisition in hundreds of cities.
Here are additional articles covering the stealth launch and growth of Juno from CNN, Forbes and Pando. We will be updating and prioritizing these as the continue to come in.
Juno will give its drivers equity in the company. On top of that, Juno will take a smaller cut off every ride: Just 10%…cnnmon.ie
Could one of Uber's greatest strengths end up being its greatest weakness?www.forbes.com
Note: This is a living document and will be updated as the company continues to grow and we learn more information about Juno. Thanks for tuning in!