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Do VCs care more about public perception than long-term health of the company? Uber has been in the news for all the wrong reasons but thinking from the VCs POV
by shubhamjain 9y ago
Do VCs care more about public perception than long-term health of the company? Uber has been in the news for all the wrong reasons but thinking from the VCs POV, I doubt there is a better person to run Uber than TK. The company's monopoly is still precarious and I have a feeling that without a CEO like TK, the fate looks like a combination of retreating from markets, heavy losses, and a huge drop in valuation.
- ebola1717 9y agoIt's not just public perception - it's internal perception too. Attrition at Uber is through the roof. Yeah, Travis is one of the best people for the job and his aggressiveness built Uber, but you can't build and maintain Uber if the rest of your talent is fleeing and you can't replace them because of your rep. Plus, he's obviously created a lot of liabilities for Uber at the same time that he's created value - besides the massive cultural problems, Uber's facing a number of dangerous lawsuits.