551–560 of 1001 posts
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Travis himself has exhibited poor public behavior that was recorded by an Uber driver. That in itself reflects upon the company. Yes his assertiveness and drive got them where they are, but sometimes companies do need to grow up. Jobs was a consistent asshole expecting perfection. That is way different than emboldening a climate of harassment, degradation, etc. that took place under his watch. Having recent external…
Does Lyft operate outside the US?
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For an embattled company like this in a fiercely competitive industry, you need committed leadership and not a rotating cast of hired guns looking to make a quick buck. Kalanick has serious issues but he's demonstrated unquestionably forceful (and polarizing) leadership that mere "managers" will never be able to replace. I've been bullish on Uber despite all their mistakes and internal issues because at the end of th…
Please don't further this narrative that sexually harassing women and his general brohaviour are good for business. They are not. There are ways in which being an asshole ay be good for founders (cf Steve Jobs). Kalanick is just an asshole, and even take-no-prisoner ask-forgiveness-later businesses run much better with a bit of attention to human decency.
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You're right, but I think that's exactly how/why Uber's investors were able to convince Kalanick to step down. Uber may or may not take over the world at some point, but Uber needs another round of investment in the next 18 months just to survive. If the existing investors refused to play ball, they could kill the next round, which really would kill Uber. And here's another important moral of this story for founders:…
You don't have a company yet if you're dependent on future investment.
I think it's far to say you don't have a sustainable business model yet if you're dependent on future investment.
According to the article 5 different VC firms representing 40% of the voting shares asked him to resign today. Kalanick still controls the majority of voting shares and a board seat. Most of Kalanick's trouble started with Susan Fowler speaking out. Please believe women when they report harassment in the workplace. Many of their reports may not be as clear cut as Mrs. Fowler's.
This meme is often repeated in context of sexual harrassment (workplace or otherwise). How do you square that with the fact that women are as capable of laying and misleading as men are? How do you square that with "innocent until proven guilty" when accusation are leveled against another individual or company.
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I dunno, my guess is that he was too set in his ways to make the leap from "CEO of a growth startup" to "CEO of a mature company". If you look at founder/CEOs who have made that leap, they all tend to be very young (Jobs, Gates, Zuck, etc) and had very strong teams behind them. Someone like Kalanick - who has run multiple startups to various exits - has been running startups all his professional life. His management…
> I dunno, my guess is that he was too set in his ways to make the leap from "CEO of a growth startup" to "CEO of a mature company". If you look at founder/CEOs who have made that leap, they all tend to be very young (Jobs, Gates, Zuck, etc) and had very strong teams behind them. And in Jobs' case, it took an absence from the company of more than 10 years…
Edit: Downvotes for simply stating a fact?
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It's easy to grow when you sell dollars for 70c each. But, when you suddenly need to sell them for 1.01+$ nobody wants to buy. Uber's problem is taxi companies have lower overhead because among other thing their drivers sometimes get hailed by people at street level. Which means their either taxi prices are lower and people stop using Uber or they pay drivers more and drivers mostly stop working for Uber.
Of course they can be profitable. Uber doesn't have overhead. There are no Uber factories or millions of rotting vehicles in a warehouse. At the core it is a iOS/Android app (4 guys could maintain this), a call center (India), and a law firm (outsource it). They would have to cut their staff, remove the ping pong tables and get real but profitability is there. They are on a land grab.
Those 4 can handle everything backend related too?
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We should also believe men, but that isn't a historical problem the way it is for women. As an exercise, ask a few men and women you know if they've ever been harassed or attacked at work. If they didn't report it, ask them why.
Anecdotally, I'm in the process of being sexually harassed by a director at the company I work for and choosing not reporting it. I plan to leave in a couple of months, my startup is in the final stages of closing a seed round - getting in to a sexual harassment lawsuit right now is the last thing I need in terms of stress and career. The power dynamics are significantly different though, I don't feel at all in dange…
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You guys are talking about Uber dying, but I cannot fathom how this is possible from just the user's perspective. Uber seems to be everywhere, people take Ubers or driver for Ubers every day. How could a company this big fail? Stop growing maybe, but going bankrupt and shutting down?
It's easy to grow when you sell dollars for 70c each. But, when you suddenly need to sell them for 1.01+$ nobody wants to buy. Uber's problem is taxi companies have lower overhead because among other thing their drivers sometimes get hailed by people at street level. Which means their either taxi prices are lower and people stop using Uber or they pay drivers more and drivers mostly stop working for Uber.
There is always demand for Uber/Lyft just because there isn't a taxi cab nearby 24/7. How is that difficult to understand?
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I dunno, my guess is that he was too set in his ways to make the leap from "CEO of a growth startup" to "CEO of a mature company". If you look at founder/CEOs who have made that leap, they all tend to be very young (Jobs, Gates, Zuck, etc) and had very strong teams behind them. Someone like Kalanick - who has run multiple startups to various exits - has been running startups all his professional life. His management…
Uber's valuation is still based on its growth. Therefore, it still needs to be a startup to justify this valuation and burn. I'd argue that a "mature CEO" is not a fit for Uber which needs to keep growing or die.
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. They pressure him into taking a sabbatical, then two days in they pull this cowardly act of firing him remotely. Not only was it a cowardly act, but it was the wrong thing to do for the business. It will lead to an epic destruction of value. Wo…
Wow -- I'm amazed to hear this sentiment. I'm personally proud that one of our VCs was involved. Travis helped build an incredible company, but his disregard for the law, for his employees' well-being, for basic decency threaten to tear all of that down. Just in the past six months: * Susan Fowler's blog post exposed a terribly broken HR system and a culture of sexual harassment that reached the very top. This has hu…