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“It is in the VC’s nature to kill a founding CEO. It just is.”
Silicon Valley is teeming with people with big ideas and empty bank accounts. It is a town where being first to an idea doesn’t always mean you’ll end up the winner.
Those funding rounds continue until either the company: Dies. This is the most likely scenario. Is acquired by another larger company. Holds an initial public offering of its shares, allowing outside investors to purchase shares in the company through a public stock exchange.
The most vaunted title in Silicon Valley is, has been, and ever will be “founder.”
Brin and Page agreed to go public only after meeting Warren Buffett, the legendary American business mogul, who introduced the two young founders to the dual-class stock structure.
Mark Zuckerberg was considered crazy when he spurned a $1-billion acquisition offer from Microsoft.
Evan Spiegel, famously declined a $3.5-billion acquisition from Facebook in 2013.
only risked OPM—“other people’s money.”
Once Uber hit critical mass, transportation authorities lacked the manpower to stop the fleet.
It wasn’t just that he liked to win. Kalanick needed to win. Winning was the only option, his only goal.
They had a pet phrase to describe expensing strip clubs to the corporate card: “Tits on Travis.”
I don’t see it.” His lieutenants were flabbergasted. Even in the midst of the most sustained set of crises in Uber’s history, Kalanick
Whetstone tried to console him, halfheartedly. “You aren’t a terrible person. But you do do terrible things,” she said.
This is very “BoJack Horseman” like
Kalanick was supposed to have stepped back—he hadn’t.
common for Silicon Valley executives to dine at MKT,
I was there, it’s an awesome restaurant in the four seasons on market. Didn’t see anyone unusual there though, we went at 5:30 PM
