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I'm curious to see what'll happen to Uber's governance structure when they finally burn through their cash hoard. At their current burn rate, they'll have compl

I'm curious to see what'll happen to Uber's governance structure when they finally burn through their cash hoard. At their current burn rate, they'll have completely exhausted their cash hoard within 10 quarters [1]. Due to TK and his buddy's supervoting shares, he may be able to withstand his oust, but only while there's still money in the bank. I can't see them being able to raise money on founder-friendly terms again after all this turmoil. Indeed this may be the only way to remove TK's grip on the company, or even altogether. [1] https://techcrunch.com/2017/05/31/ubers-head-of-finance-is-out/ https://techcrunch.com/2017/05/31/ubers-head-of-finance-is-o...

jacquesm 9y ago
> I can't see them being able to raise money on founder-friendly terms again after all this turmoil. Indeed this may be the only way to remove TK's grip on the company, or even altogether. Uber has something working for them though: sunk cost. Even if normally they would not be able to raise money on founder friendly terms - or maybe not even at all - in this case they just might because the investors would not want to write off their huge investment to date. If the alternative is to let the ship go down they will fund it some more.
ProAm 9y ago
If Uber fails to be profitable and autonomous doesnt take off for them they can easily license their software to other companies of all sorts and make a nice chunk of change. Just providing it to cab services alone will make them a lot of money. It'd be considered a unicorn pivot....