Captains

topic on 1 show · 2 statements across 1 episodes

20VC

2 statements about Captains, every show

20VC What-if
Sheikha Regrets $3.1B Uber Deal Didn't Financially Benefit Careem's Drivers
“I wish we could have done more for our captains. As a part of the exit process. You know, Kareem was built by these captains and we are close to many of them. And if I look at them today, they're still doing what they were doing 10 years ago. And that saddens …”
Mudassir Sheikha Sep 4, 2023 ▶ 36:47 Mudassir Sheikha: The Meeting that Led to $3.1BN Buyout: The Battle Between Uber and Careem | E1056 · 20VC with Harry Stebbings
20VC Insight
Sheikha: Low-margin platforms must stay frugal to avoid overtaxing drivers
“We're in a very low margin business. And since we're low margin, we don't want to tax our captains with very high margins. We just need to be super, super frugal as a platform so that we can be as efficient as possible.”
Mudassir Sheikha Sep 4, 2023 ▶ 17:46 Mudassir Sheikha: The Meeting that Led to $3.1BN Buyout: The Battle Between Uber and Careem | E1056 · 20VC with Harry Stebbings

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