Uber

“A lot of people said how much they liked, how inspiring he was, how compelling he was, how much energy he would bring to a room. And that was really fascinating because that's not always evident when you read articles about him or even when you read Mike's boo…”

“And then he was reading every script and giving us notes, and what was great in the room is we'd be in the room and we'd go, what do we really think happened in that room? What's your sourcing? And he would go, and he wouldn't reveal his sources, but he would …”

“At one point I started a startup that actually got killed by Uber, not willing to play ball with us and cutting off our API, but it's effectively a meta search for ride sharing to be able to find the fastest, closest ride to you independent of who's actually p…”

“In 2018, when that Wall Street Journal piece came out, their holding in Uber was worth eight billion dollars, so that alone would have sixteen-xed the fund.”

“Indirectly, yeah, very little doubt in my mind that this precipitates the end of the Fab Four era.”

“20 11. A ten million dollar Series A at a, 10 or 11, at a sixty million dollar post money valuation.”

“Benchmark did not have an eBay-sized win until Bill's big marketplace.”

“I think pretty unambiguously at this point, both in my opinion and just looking at what's happened in the intervening, god, it's been five years since then, the answer to that, like, does this meaningfully negatively impact benchmark is no. Directly, no.”

“That was Sequoia's money.”

“A, that is not the case with Uber or Robinhood. I was along for the ride, let's be honest. I did not change the trajectory of those companies.”

“Sarbanes actually raised the cost and complexity of being a public company. No doubt. I think, though, probably not as much as the stay private longer proponents were saying. And this might be related to what you're saying. I suspect, again, to the incentives …”

“My instinct is that you will see small scale continued experiments kind of get bigger over the next five years, but it's going to take a good 10 years for it to be a material part of our network or transportation at large. But that's a guess.”

“SoftBank wanted in, and in typical MASA fashion, it was like, hey, if you don't let us invest in you, we're going to invest in that pink company, right?”

“So for example, Walmart, Isn't in our marketplace because they're Walmart, they have an incredible brand, et cetera, but they use our fulfillment services”

“He's like, show me the presentation. It was a PowerPoint. So I showed him PowerPoint. And he actually helped me in the PowerPoint. He's like, this is good. This is good. You have to add, add this page. So it's just, it shows you the kind of person he is, which…”

“We literally had to, like, get everyone to agree to blow up the high vote shares. I think it's actually the only time when tech, a tech company like, they blew up all of the high votes.”

“And then I was at the Sun Valley Conference, the Allen & Company Sun Valley Conference. And having drinks with Daniel Leck. And he's like, Dara, you know, did you get the call from a headhunter about the Uber job? I think you'd be perfect for the job. And I di…”

“If you look at our ride share service, for example, if our fulfill rate Which is the percentage of the time someone asks for a ride, and then there's a car available, if that's less than, call it, 98%, that's, like, all hands on deck. Like, it's a disaster.”

“5.6 million drivers and couriers who are earning on our platform.”

“I think we're the largest source of work anywhere by far, and growing pretty fast.”

“No because one of our core philosophies is this is an open platform, and if your background check comes in okay, et cetera, then you can have access to earnings opportunities.”

“Every year when I can't speak to how our competitors are matching and pricing, but every year matching and pricing probably improves by five percent a year. So you improve your, the marketplace throughput by about five percent.”

“Now, in this environment, where we are adding supply faster than demand because the supply is really coming into the marketplace, prices in Uber now, year on year, are down.”

“So, I will answer somewhat seriously, which is high take rates are dangerous. So, our job as a company is to grow volume as much as we can, as fast as we can. And make your shareholders happy enough. Yep. Minimizing the take rate, which is taking as much of th…”

“There are four and a half million taxis in the world who would imagine that Uber will be working with taxis, but we're going to wire up every single taxi in the world.”

“Yeah, we get more new customers from Arise than we do From Google, Meta, Instagram, you know, all of these other channels combined.”

“After the IPO, after the lockup, Stayed. Travis sold all his shares.”

“85% of your mobility volume, which was the profit driver of the company falls off a cliff. And Other CEOs, you know, they lost a ton of business, but most of these businesses were profitable. We were losing two and a half billion dollars, and then it just got …”

“The first institutional fund that first round ended up raising was a 50 X on a hundred and twenty five million dollar fund. It had Roblox, Uber, and Square.”