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As an investor, I'd never give money to a founder who exhibits this sort of attitude. Uber is facing a catastrophic crisis. This could kill the company, or at
by powera 10y ago
As an investor, I'd never give money to a founder who exhibits this sort of attitude.
Uber is facing a catastrophic crisis. This could kill the company, or at least cause massive attrition. If Uber isn't willing to take advice on how to get out of this terrible situation that it has created, it may well die.
And in situations like this, I find it a general rule to never give management the "benefit of the doubt".
Of course, I'm not trying to give you money, but I'd hope other founders don't learn from your behavior.
- WalterSear 10y ago>...or at least cause massive attrition. https://twitter.com/physicsNcoffee/status/834566962998960128 https://twitter.com/physicsNcoffee/status/834566962998960128 Blind app is anonymous, so obviously this is yet to be substantiated. If this attrition is actually taking place, we'll know very shortly.
- pjdemers 10y agoMaybe massive attrition is the goal. Encourage employees with lots of unvested stock to quit to reduce dilution. Since earlier hires tend to be higher up the chain, creating a culture of insubordination and winner-take-all politics makes it hard to "vest in peace".
- naravara 10y ago>This could kill the company, or at least cause massive attrition. They might have been safer if they were a snowflake. But the ride-hailing market has competition. Both from Lyft and just regular cab companies that are (slowly) starting to up their game.
- argonaut 10y agoWell that's the problem, isn't it? A founder looking for your money is not going to go out and say that they want investors who give them a blank check. But the fact is if they're deciding between you and another investor that is more "founder-friendly," all else being equal, they are going to pass on you.