4 ms·
Imagine the pressure the VCs on the board are under from the people that gave them money to invest. An investment in Uber went from: "Man I can't believe you g
by code4tee 9y ago
Imagine the pressure the VCs on the board are under from the people that gave them money to invest. An investment in Uber went from:
"Man I can't believe you got our money in there, we're gonna be rich!"
to
"$&?@! our money is in Uber? We're going to lose our shirts. Do something! Now!"
The VCs on the board had no other choice but to kick Kalanick out of the CEO job.
- draw_down 9y agoIt's unclear to me how much the actual business has been affected by the upheaval. But once they get Sandberg in there, combined with Huffington on the board, and Boz St John on the exec team, the press is going to love it. It's a new day at Uber, Uber goes from harass-y to classy, all that stuff.
- drawnwren 9y agoI hear Marissa Mayer needs a new job.
- kbos87 9y agoAgreed. The great irony of all this is that a more palatable group of people running the company are more likely to take it further and thus do more damage to society, building an even more enormous and dependent economy of drivers they already intend to fire.
- draw_down 9y agoThe more I think about this, the more I respect the moves they're making, even as I agree with you that they're evil. In fact, this is a brilliant pattern: start by winning with shitty, extortionate tactics. When everyone eventually, inevitably hates you, fix the image problem by replacing leadership with a more optically-appropriate team. Continue as before. And why not? Do investors care who is ostensibly in charge, as long as the wheel keeps turning? They do not. Employees love that action has been taken, voices have been heard, wrongs have been righted. Plus, now they don't work for just another bunch of white dudes like everywhere else in tech. Press is all about it, of course. It's smart!