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To be fair, the founder didn't want to do IPO and according to rumors that was the reason why he was kicked out. All the toxic workplace stuff was just a narrat

To be fair, the founder didn't want to do IPO and according to rumors that was the reason why he was kicked out. All the toxic workplace stuff was just a narrative tool to make it happen more easily. Also, it's a public market. No one is "holding the bag". This may be true if Uber crashed before the IPO because private investors can't easily sell, but once on the public and liquid market, it is the public investor's own choice to invest or divest in these companies.

aggie 6y ago
> All the toxic workplace stuff was just a narrative tool That's a pretty bold claim. What of all the reports of a toxic workplace? I've heard first-hand accounts.
- belval 6y ago
  I think he was arguing that the execs at Uber didn't really care about the toxic workplace stuff until Uber's founder said he didn't want to IPO, then they used it as a way to kick him out. So basically the workplace is toxic, but that's not the real reason why he was kicked out (according to the comment you were replying to).
  - neuroanalysis 6y ago
    He effort you have him ousted was led by Bill Gurley of Benchmark and several other VC investors in Uber. Essentially the board asked him to step down and he did.
    - strangeloopworm 6y ago
      I mean if you expected a founder to be ousted partly because of not wanting to do an IPO, you'd expect the VCs to be the ones behind it no?
    - cocktailpeanuts 6y ago
      If you look it up, there are plenty of articles of rumors saying that the VCs schemed to kick him out because they wanted to IPO and the founder didn't.
- WC3w6pXxgGd 6y ago
  OP is half correct. There was no toxic environment. NYTimes really decided to go after Uber because they don't like how the drivers have the freedom to work as they see fit. That's why they hired Susan Fowler. At the same time, the execs truly didn't see the rise of SJW culture and were caught off guard. That was their true downfall. Source: I worked at Uber when this was all going down.

aggie 6y ago

> All the toxic workplace stuff was just a narrative tool That's a pretty bold claim. What of all the reports of a toxic workplace? I've heard first-hand accounts.

belval 6y ago
I think he was arguing that the execs at Uber didn't really care about the toxic workplace stuff until Uber's founder said he didn't want to IPO, then they used it as a way to kick him out. So basically the workplace is toxic, but that's not the real reason why he was kicked out (according to the comment you were replying to).
- neuroanalysis 6y ago
  He effort you have him ousted was led by Bill Gurley of Benchmark and several other VC investors in Uber. Essentially the board asked him to step down and he did.
  - strangeloopworm 6y ago
    I mean if you expected a founder to be ousted partly because of not wanting to do an IPO, you'd expect the VCs to be the ones behind it no?
  - cocktailpeanuts 6y ago
    If you look it up, there are plenty of articles of rumors saying that the VCs schemed to kick him out because they wanted to IPO and the founder didn't.
WC3w6pXxgGd 6y ago
OP is half correct. There was no toxic environment. NYTimes really decided to go after Uber because they don't like how the drivers have the freedom to work as they see fit. That's why they hired Susan Fowler. At the same time, the execs truly didn't see the rise of SJW culture and were caught off guard. That was their true downfall. Source: I worked at Uber when this was all going down.