161–170 of 1001 posts
If Uber ends up going down in flames, unable to recover from the scandals and lawsuits, and Lyft prevails, it will be the most incredible change of fate in the business world this century or perhaps longer. The future of automobiles and transportation is still being swirled about, and it feels like Uber's downfall has blown the game WIDE open, ready for anyone (maybe Uber, maybe Lyft, maybe Tesla, Google, Apple, an a…
Did Susan Fowler's article start this fire? If so, it's an incredible and inspiring story every victim of harrassment should follow. Thanks Susan.
This may kill Uber. Kalanick is a jerk, but he created that insane valuation. Uber has less than a year of runway left at their current burn rate. Unless they can find a bigger sucker than the sovereign wealth fund of Saudi Arabia,[1] they're going broke in 2018. (That "undisclosed amount" in 2017 isn't a significant investment on Uber's scale.) IPO? No way. They'd have to publish audited numbers. What's leaked out i…
Earlier quoted context omitted.
I don't (yet) have an opinion on this, but it's important to note the other side of the coin... > Hope everyone's paying attention to the identity of these investors behind this horrid behavior. Travis is not without his flaws but he created an awful lot of value for them. He's been very well compensated for the value he's created. You don't keep a job because of what you've done in the past, you keep a job based on…
Firing founders was tried in the nineties and it always resulted in failure. Guess the Uber VC's need to painfully relearn that lesson? If Travis had been smart enough to create two classes of stock like Mark Zuckerberg and the Google founders he'd be calling the shots, instead he's out of a job.
Earlier quoted context omitted.
I don't (yet) have an opinion on this, but it's important to note the other side of the coin... > Hope everyone's paying attention to the identity of these investors behind this horrid behavior. Travis is not without his flaws but he created an awful lot of value for them. He's been very well compensated for the value he's created. You don't keep a job because of what you've done in the past, you keep a job based on…
Firing founders was tried in the nineties and it always resulted in failure. Guess the Uber VC's need to painfully relearn that lesson? If Travis had been smart enough to create two classes of stock like Mark Zuckerberg and the Google founders he'd be calling the shots, instead he's out of a job.
Earlier quoted context omitted.
The buck stops with the CEO, and it's clear that in the very least, he condoned the asshole culture.
Is it? Were steps not taken to remove the harassers, once the incidents came to light? How can the CEO watch over every social interaction?
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can't they just cut their burn rate? I mean it's not like they own a fleet of cars they need to make car payments on and fill with gas to keep operating.... in theory there's no minimum spend to keep operating, is there? if (hypotehtically) they cut spend to approx. nil, and 95% of their drivers left, then 5% of their drivers would remain and they would be profitable... where does the "killing" of Uber occur? Yahoo f…
> and 95% of their drivers left, then 5% of their drivers would remain and they would be profitable... where does the "killing" of Uber occur? People will stop using Uber if the wait times get really long, which they will if most of the drivers leave.
Earlier quoted context omitted.
I don't (yet) have an opinion on this, but it's important to note the other side of the coin... > Hope everyone's paying attention to the identity of these investors behind this horrid behavior. Travis is not without his flaws but he created an awful lot of value for them. He's been very well compensated for the value he's created. You don't keep a job because of what you've done in the past, you keep a job based on…
Firing founders was tried in the nineties and it always resulted in failure. Guess the Uber VC's need to painfully relearn that lesson? If Travis had been smart enough to create two classes of stock like Mark Zuckerberg and the Google founders he'd be calling the shots, instead he's out of a job.