The Upstarts Book Summary - The Upstarts Book explained in key points
Listen to the Intro
00:00

The Upstarts summary

Brad Stone

How Uber, Airbnb and the Killer Companies of the New Silicon Valley are Changing the World

3.4 (36 ratings)
12 mins
Table of Contents

    The Upstarts
    Summary of 5 key ideas

    Audio & text in the Blinkist app
    Key idea 1 of 5

    The term “upstart” is used for mega start-ups like Airbnb and Uber.

    Companies like Airbnb and Uber that have grown rapidly to become phenomenally successful are hardly start-ups anymore. They’ve shown they like to tussle with the big boys, and they’ve paid scant respect to the usual ways of doing business. We can call such companies upstarts.

    Both Airbnb and Uber are renowned all over the world and business is booming. And that’s despite the fact that unlike many other major companies, they don’t actually have any physical assets.

    Airbnb might at first glance appear to act like the world's largest hotel company. Except, of course, it doesn’t own the rooms that get rented out.

    Equally, we think of Uber as the world’s largest car service. But it doesn’t even have its own fleet.

    In part, the freedom granted by this lack of assets helps explain how these companies have been able to expand so far and so quickly. In the world of tech, speed and flexibility are crucial to success.

    We also shouldn't underestimate just how massive these businesses are. They’re what are known as unicorns, start-up giants worth more than a billion dollars.

    In 2016, Airbnb was valued at $30 billion, and Uber at $68 billion.

    Airbnb’s meteoric rise was largely assisted by venture capital firm Sequoia Capital, one of its first big investors. In turn, Sequoia Capital has reaped huge returns. In fact, the amounts it earns from similar investments in Google and WhatsApp are chickenfeed in comparison.

    But of course, to become this successful requires a lot of effort and sometimes a rather ruthless approach to business.

    Want to see all full key ideas from The Upstarts?

    Key ideas in The Upstarts

    More knowledge in less time
    Read or listen
    Read or listen
    Get the key ideas from nonfiction bestsellers in minutes, not hours.
    Find your next read
    Find your next read
    Get book lists curated by experts and personalized recommendations.
    Shortcasts
    Shortcasts New
    We’ve teamed up with podcast creators to bring you key insights from podcasts.

    What is The Upstarts about?

    The Upstarts (2017) is about the new generation of start-ups in tech, in particular, Airbnb and Uber, and the impact they’ve had on the world. It takes a deep look at the people behind the companies and how they got to where they are today, as well as where they might go from here.

    Best quote from The Upstarts

    Its up to us to hold them to their promises . . . They are the new architects of the twenty-first century, every bit as powerful as political leaders.

    —Brad Stone
    example alt text

    Who should read The Upstarts?

    • Entrepreneurs
    • Business students
    • Anyone interested in the new tech economy

    About the Author

    Brad Stone is the senior executive editor of the global technology group at Bloomberg News and a New York Times best-selling author who frequently writes about Silicon Valley. He also wrote The Everything Store: Jeff Bezos and the Age of Amazon.

    Categories with The Upstarts

    Books like The Upstarts

    People ❤️ Blinkist
    Sven O.

    It's highly addictive to get core insights on personally relevant topics without repetition or triviality. Added to that the apps ability to suggest kindred interests opens up a foundation of knowledge.

    Thi Viet Quynh N.

    Great app. Good selection of book summaries you can read or listen to while commuting. Instead of scrolling through your social media news feed, this is a much better way to spend your spare time in my opinion.

    Jonathan A.

    Life changing. The concept of being able to grasp a book's main point in such a short time truly opens multiple opportunities to grow every area of your life at a faster rate.

    Renee D.

    Great app. Addicting. Perfect for wait times, morning coffee, evening before bed. Extremely well written, thorough, easy to use.

    People also liked

    Start growing with Blinkist now
    27 Million
    Downloads on all platforms
    4.7 Stars
    Average ratings on iOS and Google Play
    91%
    Of Blinkist members create a better reading habit*
    *Based on survey data from Blinkist customers
    Powerful ideas from top nonfiction

    Try Blinkist to get the key ideas from 7,000+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.

    Start your free trial