The Boardroom with Richard Farleigh
What happens when you spend years working inside an industry and realise the business model itself is the problem? In this episode I sit down with Tayfun Keskin and Efkan Altinok, the founders of Ride Nuff and former Uber drivers who decided to build a different kind of ride-hailing business. After more than a decade working in the industry, they saw drivers earning less, working longer hours and struggling to cover rising costs. Rather than accepting the status quo, they spent three years developing RideNuff, a subscription-based platform designed to give drivers more control over their earnings while offering customers a fairer alternative. We discuss how they identified the opportunity, raised their first funding from a community of supporters, navigated regulation, launched in London and began attracting attention from drivers and operators around the world. This is a conversation about entrepreneurship, disruption, platform economics, fundraising and what it takes to challenge an established market leader. #theboardroom #dragonsden #entrepreneurship #business #uber I also write a free weekly newsletter about business, investing and entrepreneurship. You can read it here: https://richardfarleigh.substack.com. 📲 Follow Richard Farleigh: Instagram - https://www.instagram.com/richardfarleigh/ LinkedIn - https://www.linkedin.com/in/richard-farleigh-7a0a1616/ TikTok - https://www.tiktok.com/@richardfarleighhq 🔔 Subscribe for weekly conversations on entrepreneurship, investing, strategy, and the real side of business. Chapters 00:00 "It's possible to drive all day and make a loss" 00:43 What is RideNuff? 01:15 Why we decided to create a fairer alternative 03:02 How ride-hailing commissions impact drivers 04:31 The financial pressures facing drivers today 06:24 The original idea behind RideNuff 07:53 Crowdfunding and raising our first capital 09:10 Building the app and launching operations 11:05 Early traction and customer growth 11:52 Interest from around the world 13:48 Challenging Uber's business model 15:06 How RideNuff drivers increase their earnings 17:01 Competition, barriers and scaling the business 18:45 Algorithms, incentives and platform economics 19:22 Expansion plans and fundraising 21:30 Why belief matters in entrepreneurship 22:31 Creating change through business 24:17 The entrepreneurial journeys behind RideNuff 28:19 Building a business that works for everyone 30:05 Final thoughts Learn more about your ad choices. Visit podcastchoices.com/adchoices [https://podcastchoices.com/adchoices]
20 episodes
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