Geoffrey Woo: Uber Burned Tens of Billions on Paid Marketing
Jeffrey Wu · Jake Paul: Traditional VC is Toast & Attention is More Valuable than Cash · 20VC with Harry Stebbings · Apr 18, 2026 · at 12:00
Jeffrey Wu (Geoffrey Woo), co-founder of Anti Fund, pushes back against venture capitalist Bill Gurley's critique of paid marketing by citing Uber's historical spending.
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“I just saw that Bill Gurley was tweeting that you know, paid marketing is, like, the worst form of marketing, and I'm just like, hey, Uber, like, he's most well known for kicking out Travis from Uber, and Uber burnt, like, tens of billions of dollars on straight up marketing, and just got the profitability, showing a quarter of net income positive, 1415 years in.”
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