How Uber Backers Orchestrated Kalanick’s Ouster as CEO

Post by coolswan » Thu, Jun 22, 2017, 6:24 AM UTC

andybg wrote: post #50

gwern wrote: post #34

The backers: > By Monday of last week, Benchmark had found four additional investors to sign the letter, including First Round Capital; Lowercase Capital; Menlo Ventures and Fidelity Investments, according to people familiar with the matter. Benchmark’s Mr. Gurley attempted to get other board members to sign, but at least one refused out of reluctance over being represented by Mr. Gurley, according to one person with…

First Round Capital signing this is amazing to me - especially since it doesn't look like it required them too to make this happen. Sort of expected the others too but not them.

Post by fasteddie » Thu, Jun 22, 2017, 6:40 AM UTC

andybg wrote: post #50

gwern wrote: post #34

The backers: > By Monday of last week, Benchmark had found four additional investors to sign the letter, including First Round Capital; Lowercase Capital; Menlo Ventures and Fidelity Investments, according to people familiar with the matter. Benchmark’s Mr. Gurley attempted to get other board members to sign, but at least one refused out of reluctance over being represented by Mr. Gurley, according to one person with…

First Round Capital signing this is amazing to me - especially since it doesn't look like it required them too to make this happen. Sort of expected the others too but not them.

Post by baq » Thu, Jun 22, 2017, 6:50 AM UTC

goseeastarwar wrote: post #69

paulcole wrote: post #26

Earlier quoted context omitted.

Is there any way to know how much he's taken off the table? The way Uber is going, I'd be shocked if he's worth billions in 5 years.

Uber isn't built on a tower of fraud like Theranos, it's a behemoth that changed how transportation works. Travis is going to be a billionaire many times over when the stock is liquid.

Post by ckastner » Thu, Jun 22, 2017, 6:59 AM UTC

vm wrote: post #70

zer00eyz wrote: post #16

Earlier quoted context omitted.

Kalanick is less CEO and more like a comic book caricature of one before they fall into pure evil. The fact that the board stood by him as long as they did is just mind bending.

He created a service that reduced drunk driving rates by 1/3, enabled nearly 200K drivers to become entrepreneurs, provided a valuable service to millions of customers, and accelerated the shift to self driving cars. That deserves serious credit.

Post by matthewmacleod » Thu, Jun 22, 2017, 7:04 AM UTC

vm wrote: post #70

zer00eyz wrote: post #16

Earlier quoted context omitted.

Kalanick is less CEO and more like a comic book caricature of one before they fall into pure evil. The fact that the board stood by him as long as they did is just mind bending.

He created a service that reduced drunk driving rates by 1/3, enabled nearly 200K drivers to become entrepreneurs, provided a valuable service to millions of customers, and accelerated the shift to self driving cars. That deserves serious credit.