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The Scribd post (by Gawker, Gawker lives!) calls it a Due Diligence Report but that's not a phrase used anywhere in the document. Due diligence is something you

The Scribd post (by Gawker, Gawker lives!) calls it a Due Diligence Report but that's not a phrase used anywhere in the document. Due diligence is something you'd do before making a decision. Investigation is what you do afterwards. Indeed Project Unicorn Investigation is what the document calls itself. Mods: you might want to overrule the post and retitle the post as Project Unicorn Investigation. In fact, I'd love to see the due diligence report for Uber buying Otto.

jacquesm 9y ago
> Due diligence is something you'd do before making a decision. There is such a thing as 'vendor due diligence' where a party that will sell something does their own DD in preparation to the DD by others to ensure they haven't missed anything obvious. Other than that you are right though, this is an investigative report, but it would have been a lot smarter of Uber to have this stuff checked before making a deal, the optics are not pretty and the fact that they tried to hide this report makes it even less so. I have seen a couple of these in the last few years that were 'exciting', this one is off the scale for me on a professional interest level, there are only three that I'd like to read more, the actual due diligence reports - if they exist - on this deal, Ubeam and Theranos.
- asn0 9y ago
  Report says it was requested by Uber and Otto in March 2016, and it is dated Aug 5, 2016. Uber announced Otto acquisition on Aug 18. So this looks like an investigation that was part of the due diligence for the acquisition, and Uber would have had it well before the acquisition was announced. Could be that when you're hustlin', making bold bets and being optimistic leaders[1], you don't get too concerned about (or read) a report like this. 1. https://www.quora.com/What-are-Ubers-14-core-cultural-values https://www.quora.com/What-are-Ubers-14-core-cultural-values
deleted 9y ago
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dlgeek 9y ago
It's a phrase that's been used incredibly heavily in all of the litigation, filings, rulings, etc. in the suit up until now, so it doesn't surprise me that's what the post calls it - it's what the judges and lawyers often do.
thisisit 9y ago
Exactly what I was thinking. The report is dated 5th August 2016 while the acquisition was announced on 18th August 2016. Awfully short time to go through the report, specially with the amount of red flags which were raised and acquisition being announced.

jacquesm 9y ago

> Due diligence is something you'd do before making a decision. There is such a thing as 'vendor due diligence' where a party that will sell something does their own DD in preparation to the DD by others to ensure they haven't missed anything obvious. Other than that you are right though, this is an investigative report, but it would have been a lot smarter of Uber to have this stuff checked before making a deal, the optics are not pretty and the fact that they tried to hide this report makes it even less so. I have seen a couple of these in the last few years that were 'exciting', this one is off the scale for me on a professional interest level, there are only three that I'd like to read more, the actual due diligence reports - if they exist - on this deal, Ubeam and Theranos.

asn0 9y ago
Report says it was requested by Uber and Otto in March 2016, and it is dated Aug 5, 2016. Uber announced Otto acquisition on Aug 18. So this looks like an investigation that was part of the due diligence for the acquisition, and Uber would have had it well before the acquisition was announced. Could be that when you're hustlin', making bold bets and being optimistic leaders[1], you don't get too concerned about (or read) a report like this. 1. https://www.quora.com/What-are-Ubers-14-core-cultural-values https://www.quora.com/What-are-Ubers-14-core-cultural-values

deleted 9y ago

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dlgeek 9y ago

It's a phrase that's been used incredibly heavily in all of the litigation, filings, rulings, etc. in the suit up until now, so it doesn't surprise me that's what the post calls it - it's what the judges and lawyers often do.

thisisit 9y ago

Exactly what I was thinking. The report is dated 5th August 2016 while the acquisition was announced on 18th August 2016. Awfully short time to go through the report, specially with the amount of red flags which were raised and acquisition being announced.