The birth of an industry.
Do you understand how RARE that is?
Sure, as investors, we can get in on the ground floor of a stock at almost any time – as IPOs come around pretty often – but rarely do we get a chance to be involved with a brand-new industry.
Over the last 25 years – we’ve really only had two significant new industries – the dotcoms and the “pot stock” era…
Now, while the dotcom millionaires have come and gone – the pot stock era is really just getting its start and we don’t know if it’s actually viable yet.
However, we’ve just seen the birth of a third – the Gig Industry – and it could be the next big thing to hit Wall Street.
What is a “gig?”
Well, the idea of a gig has been around for the better part of the last decade or so…
A gig is essentially just any short-term task that creates income, which isn’t totally new. In fact, it has been around for a while and actually got its name “gig” from the short-term work that has been prevalent in the music industry for decades.
Have you ever heard the term, “I’ve got a new gig?”
Well, that’s where the idea of the “Gig” economy comes from…
Musicians, photographers, writers, truck drivers, and specialty construction workers – these people have been making up the gig economy for a long time…
But as long as gig work has been around – it wasn’t until now that there was an industry that the everyday investor could find their way into.
Right now, one of the more popular versions of gig work we see is becoming a driver for app-centric driving services.
Many people are supplementing their income – or outright supporting themselves as a driver – and it’s forcing people to take a good hard look at how we watch after our livelihoods.
Many people are using these kinds of jobs to supplement their income as they work toward following a dream…
Artists, musicians, entrepreneurs and even prospective poker players are all given the ability and freedom to chase their dreams due to the money they’re able to make from these “part-time gigs.”
One of the most popular companies to work for has been Uber – the driving service that allows the worker to act like a taxi service for those who are established within the app.
Uber is now a decade old – and it’s also now a global power.
Known for its peer-to-peer ridesharing program – this isn’t all it offers – as it has also added ride service hailing, food delivery, and a bicycle-sharing system to boot.
It’s been a great model – and it has built this private company up to a revenue-generating juggernaut – with some analysts estimating its worth, if it was to go public, to come in at a staggering $120 billion!
But it’s not public – for now Uber is still a private company.
However, its biggest competitor just went public on March 29th of THIS year…
And it appears to be killing it.
Lyft (LYFT) may not be as dynamic as Uber – but what it does, it does well – and if its IPO is any indication of how the investment world feels about their future – we may be in for a wild ride.
Lyft’s shares rose 8.7% on its first day of trading – blasting by its IPO price of $72 and opening at a whopping $87.24 – and when the dust settled, the company found itself sitting among giants…
It has since settled around $70, as it’s valuation is sitting pretty at almost $19 billion.
And even though the stock has dropped since its opening trading session, it’s still not bad for a company that is basically just a middleman between drivers and riders.
To put that into perspective, that $19 billion makes it 13 times more valuable than Hertz Rent-A-Car (HTZ) and roughly as valuable as United Airlines (UAL).
What makes this moment so significant is the fact that it not only legitimizes the gig industry as a new option for the American worker…
But it legitimizes the industry as a viable investment vehicle for Wall Street going forward.
The best part…
There are a LOT of these kinds of companies out there just waiting to pop – and with Lyft’s potential success – they could each be considering following in those IPO footsteps.
I fully expect to see some of these kinds of companies popping up on the GorillaTrades radar – as with the amount of money they have the potential to make – it’s practically a given that one will meet all of the GorillaTrades system’s strict technical requirements at some point.
How can I be sure?
Well, think about it – these companies don’t have very many assets besides their software and name value.
They really shouldn’t get too far overextended – as they shouldn’t need to spend that much money…
A little upkeep on their servers – a little office space – that’s really all a company like this needs and that’s PERFECT for GorillaTrades.
It’s the next evolution of the dotcom era…
And it seems like it’s going to be BIG!
If you want to be there when the next one pops – you might want to consider joining GorillaTrades today so you can be there when we send out our next recommendation.
You don’t want to be on the sidelines when the next one hits!
The gig industry is shaping up to be a moneymaker…
Hopefully, you’ll be along for the ride!
“The secret of getting ahead is getting started.”
-Sally Berger
