The Ledger, every show

“When I left Uber, 13% of all San Francisco miles were Uber miles.”

“Yeah, but it's not rare. It's what you have to do to the land is aggressive, and what's rare is the, is, is where the, where are the places they'll let you do it that you can also sort of get people to.”

“Look, I'm in the non-humanoid space. I mean, but mechanical engineers have been dealing with actuators and, you know, all the sort of electro-mechanical sort of interactions that make Machines do certain things, but like, I'm in the food machine space, so I ca…”

“Till today, employees were not allowed to put the name of the company on their LinkedIn. We have thousands of employees.”

“This sounds crazy, but 2017, the media world was actually more negative then than it is today.”

“Elon owns Twitter now. It's X. Yeah. Right. Pre post is like a massive difference in the mix of sort of ideas that can get out there. And again, you're allowed to be optimistic about things where maybe before everything had to be negative”

“We're still doing the food thing, but then we're adding mining and transport.”

“We would basically, once they said they were interested, we would then give them a piece of paper. It was like digital, but it was like, you need to fill out this table, which is This valuation, how much money you want to put in this valuation, how much money,…”

“But if you're treating atoms like bits, digitizing the physical world, CPU manipulates bits, what manipulates atoms? Manufacturing. Storage stores bits, what stores atoms? Real estate. Network moves bits from point A to point B, what moves atoms? Transport, lo…”

“There's a difference between Between remote work where somebody works at home and they're like in boxers and then a suit. Okay. Versus we have an office in every major city in the world and whatever city you're in, you're going to that office every day, five d…”

“There's no real deal right now, but there is definitely some inbound.”

“When they're running our machine, it's between seven and 10% of revenue.”

“Uber Eats and DoorDash, they represent like 1.8% or two percent of all meals right now.”

“Look people will cook in the future as a hobby.”

“We're rolling out with five customers in April that are using the machine”

“We, of course we have the real estate, so we have kitchens, you know, tens of thousands of kitchens around the world.”

“We have a robotics division that, you know, got going with a lot of the original sort of Uber ATG guys, advanced technology group, the autonomy guys.”

“We're seeing 18% of all online delivery in the U S as an example our software is touching.”

“And let's be clear, the average Uber driver during my, you know, let's say at the end of my tenure was eight hours a week.”

“So I think at the peak right before, right as we were negotiating the term sheet, we pushed, we were burning, I think it was. Seventy five million dollars a week.”

“So we turned a bill and a half into eight or nine. I can't remember the exact math, but it's something like that.”

“Imagine if you have this equation, which is the derivative of problem solving DT. Must always be greater than or equal to the derivative of problem creation DT. And if that's ever not true, you have a real problem. I call that the meta problem. So what's happe…”

“It's actually when I first met Wan Shing at Meizuan, actually. And he told me I was crazy. Don't do it. It's the worst idea ever.”

“At some point, probably our top 10 cities were all Chinese cities. That's wild. In rides. Yeah. Not in revenue because the rides instead of like at the, in my day, 13 bucks, 15 bucks, whatever they were, these were like three bucks, two bucks type stuff.”

“Your network gives you efficiency, which then means you can get to a lower price point without subsidies that the competitor still has to subsidize.”

“When Uber rolled into New York the driver was getting a 12 hour shift seven days a week. But there are 2:12 hour shifts. Each of those drivers was paying 40,000 dollars a year to rent a car for half time.”

“Gautam, who was the CFO over at Uber has joined Adams. That's a recent thing. Ganesh, who was A VP or SVP of engineering over at Uber has just joined Adams”

“There has to be a theory of the case of how you put it together, how you allocate capital across, and honestly, once you're starting to get to profitability on one or more, then that conversation starts to get easier.”

“Massive iron ore mine that we're operating in there. And you see, like we took, we were there for a couple of days cause we already have customers there. Sure. A customer is called valet. It's a massive mining company.”

“It's like not, I guess you were, it's different today, but in my world, we didn't acquire shit. We just built.”

“The problem solving is the most important thing. If you get somebody who organizes and manages well, but cannot solve a problem. They're going to be doing ridiculous stuff in a super organized way.”

“Like I remember we went to DC and the taxi system, the liability on a ride, if you took a taxi, it might still be this way to this day was like 25,000 dollars in a taxi. But we went to, we being Uber at the time, went to DC and they pushed a one and a half mil…”

“And the deal on Lyft was two 10.”

“There was also this other thing that would happen, so this is like, 2000, I think this really started in 2014, 15, et cetera, is Emile and I would meet up with Mark and Ben at this, Super undercover restaurant.”

“We have hundreds of facilities in 30 countries, many hundreds of facilities in 30 countries.”

“Because if you're going to be in the specialized robotics game, you have to have autonomy for yourself. You have to. Your robots are act, are moving and acting in the physical world, and you cannot depend of, on only one company that has an existence proof.”

“Because remember, I wanted to build without worrying about what the New York Times was saying.”

“Look I tell people I'm very focused right now because it's only food mining and transport.”

“But like, actually what it means is every industry is moving things. There's some movement of things eventually. And you must have wheelbase as part of what they do if you want to automate Full stack.”

“When you make somebody hundreds of millions of dollars, it's hard to hire them again.”

“CPU manipulates bits. What manipulates atoms? Manufacturing. Storage stores bits. What stores atoms? Real estate. Network moves bits from point A to point B. What moves atoms? That's transportation or logistics. So you have these three core computing resources…”

“And we acquired a company on the mining stuff, a company called Pronto. Or it's about to close. It's where we're inches from closing is the way to put it.”

“I was running a company called City Storage Systems. Okay, which was basically about the future of food, a conglomerate operating in about 30 countries”

“Today we sort of came out and we renamed the company. We renamed what we do. We call it Adams.”

“You build a culture of people that want to build and do not need to be famous when they do it, which basically means emotional intelligence. Now it's a human nature. I want to be acknowledged for the things that I do. I'd like the things I build to be seen and…”

“When you go from consumer to B to B, the number one mega challenge that you must master is called LTV to CAC. Yes, you can make that argument on consumer, but when you have a sales funnel that starts with, I'm going to talk to customers and I'm going, I have t…”

“The last round of funding that I did at Uber, we were like a seventy million or, you know, I don't know, it was like a 60, seventy billion dollar pre Let's see that. Yeah. When that used to be a thing. Now I go, that's small stuff, but we had four rooms. This …”

“I have to give credit to Drew at Dropbox. He was like the first guy in that game.”