• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

The ‘instant gratification economy’ is nothing new

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
August 4, 2014, 2:53 PM ET
<h1>Uber</h1>
<strong>CEO: Travis Kalanick<br /></strong>
<strong>40 Under 40 rank: <strong><a href="http://money.cnn.com/gallery/magazines/fortune/2013/09/19/40-under-40.fortune/14.html" title=""></strong>13</a></strong>

Outsourcing at its finest: Uber's app blends the convenience of online ordering with the luxury of having a personal driver. With the Uber app, users can order a driver-for-hire to taxi them from point A to point B. Riders who sign up pre-enter their payment information, so the ride itself is cashless and easy to split between other users. Plus, riders can track their driver's progress via GPS on their smart phone, ensuring a reliable pickup. Vehicles come in a variety of styles, from economy to mid-range sedans to SUVs to upscale rides. Uber is now available in 18 countries and 24 U.S. cities, and it's growing.
<h1>Uber</h1> <strong>CEO: Travis Kalanick<br /></strong> <strong>40 Under 40 rank: <strong><a href="http://money.cnn.com/gallery/magazines/fortune/2013/09/19/40-under-40.fortune/14.html" title=""></strong>13</a></strong> Outsourcing at its finest: Uber's app blends the convenience of online ordering with the luxury of having a personal driver. With the Uber app, users can order a driver-for-hire to taxi them from point A to point B. Riders who sign up pre-enter their payment information, so the ride itself is cashless and easy to split between other users. Plus, riders can track their driver's progress via GPS on their smart phone, ensuring a reliable pickup. Vehicles come in a variety of styles, from economy to mid-range sedans to SUVs to upscale rides. Uber is now available in 18 countries and 24 U.S. cities, and it's growing. Photograph by John R. Coughlin — CNNMoney

“Why can’t you just wait for a baked potato?”

That was my grandmother speaking to my father, probably in 1984 or 1985. He had been trying to convince her to purchase (and use) a microwave oven. She wasn’t having it. Not so much because of radiation fears, but rather because a baked potato was supposed to take nearly one hour to cook in a conventional oven. She eventually relented. Got a remote control for the TV too.

I was reminded of this today when reading Liz Gannes’ discussion of the instant gratification economy, otherwise known as the “Uber for X” phenomenon. The notion of ‘on-demand’ shifting from the virtual to the physical. She wonders if it’s just a Bay Area bubble, or if ordinary America is on the verge of a mobile-induced lifestyle change.

There also have been various stories over the past few months about how all of this is a reflection of our collective laziness. Or of short attention spans. Or of millennial self-indulgence.

But it doesn’t seem to me that today’s ‘instant gratification’ technologies are scratching any different itch than did that microwave oven or remote control. Let alone the airplane, automobile, dishwasher, gas grills, McDonald’s, word processing software or countless other innovations that have become part of almost everyone’s daily lives.

The most pervasive consumer tech advancements always have been about speed and efficiency. Nearly two decades before Fidelity Investments pumped hundreds of millions of dollars into Uber, the firm created black car service Boston Coach. Same pain point and founding rationale, just executed differently. Did people worry when Boston Coach launched that we were too lazy to wait for a taxi outside of the airport, or so isolated that no friends or family were willing to pick us up? And, if so, is there anyone today who still would decry call-ahead airport pickup services?

As time becomes a more and more precious commodity — particularly with technology blurring many of our home/work lines of demarcation — it isn’t surprising that we continue to ask technology to take over some of our more mundane tasks (particularly if that technology creates new service jobs). Yes, there can be inherent value in doing things for yourself, but there also can be more value in spending 15 extra minutes in the office or playing with your kid or sleeping. Picking up your own dry-cleaning isn’t exactly the same as learning to fish.

Which brings us back to my grandmother. Or actually my grandfather, in this case. When he was a first-generation American teenager in the 1930’s, he worked in his dad’s small grocery store. One of his jobs was to take telephone orders from customers, and then walk (or possibly bike) the orders to customer homes. Things are changing. But not quite so much as we might all think…

Sign up for Dan’s daily newsletter at www.GetTermSheet.com

About the Author
By Dan Primack
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Tariff-proof pay: How boardrooms quietly made sure Trump’s trade war stopped at the CEO’s door
Big TechMarkets
Tariff-proof pay: How boardrooms quietly made sure Trump’s trade war stopped at the CEO’s door
By Jim EdwardsApril 29, 2026
11 minutes ago
From encyclopedias to AI: How knowledge is changing the way we work
AIProductivity
From encyclopedias to AI: How knowledge is changing the way we work
By Bruce BroussardApril 29, 2026
23 minutes ago
Robert F. Kennedy Jr. sits at a cafeteria table with schoolchildren.
EconomyEducation
More than two-thirds of U.S. schools say they’re unable to afford the cost of student free lunch—and MAHA’s dietary guidelines may make it worse
By Sasha RogelbergApril 29, 2026
40 minutes ago
gen z
CommentaryEducation
Gen Z has the wrong idea about college. Your career doesn’t start after you graduate 
By Ashley BigdaApril 29, 2026
48 minutes ago
Elon Musk in Oakland, California on April 28, 2026. (Photo: Jessica Christian/San Francisco Chronicle/Getty Images)
NewslettersFortune Tech
Judge to Altman and Musk: Keep a lid on it
By Andrew NuscaApril 29, 2026
50 minutes ago
CEO turnover is up, and boards are favoring experienced insiders who can hit the ground running
NewslettersCEO Daily
CEO turnover is up, and boards are favoring experienced insiders who can hit the ground running
By Diane BradyApril 29, 2026
1 hour ago

Most Popular

Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
Success
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
By Preston ForeApril 27, 2026
2 days ago
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
AI
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
By Sasha RogelbergApril 28, 2026
1 day ago
The U.S. military may have already used up half of its most expensive missiles, and it could take up to 4 years to rebuild its stockpiles
Politics
The U.S. military may have already used up half of its most expensive missiles, and it could take up to 4 years to rebuild its stockpiles
By Sasha RogelbergApril 24, 2026
5 days ago
Current price of gold as of April 28, 2026
Personal Finance
Current price of gold as of April 28, 2026
By Danny BakstApril 28, 2026
20 hours ago
Current price of silver as of Tuesday, April 28, 2026
Personal Finance
Current price of silver as of Tuesday, April 28, 2026
By Joseph HostetlerApril 28, 2026
21 hours ago
OPEC shocker as UAE leaves oil cartel days after negotiating swap lines with Scott Bessent’s Treasury
Energy
OPEC shocker as UAE leaves oil cartel days after negotiating swap lines with Scott Bessent’s Treasury
By Nick LichtenbergApril 28, 2026
20 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.