Super Pumped : The Battle for Uber (9780393652253)

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Super Pumped : The Battle for Uber (9780393652253) Page 41

by Isaac, Mike


  317He bankrolled his college years: Cyrus Farivar, “How Sprint’s New Boss Lost $70 Billion of His Own Cash (and Still Stayed Rich),” Ars Technica, October 16, 2012, https://arstechnica.com/information-technology/2012/10/how-sprints-new-boss-lost-70-billion-of-his-own-cash-and-still-stayed-rich/.

  317He returned to Japan: Andrew Ross Sorkin, “A Key Figure in the Future of Yahoo,” Dealbook, New York Times, December 13, 2010, https://dealbook.nytimes.com/2010/12/13/a-key-figure-in-the-future-of-yahoo/.

  317“crazy guy who bet on the future”: Walter Sim, “SoftBank’s Masayoshi Son, the ‘Crazy Guy Who Bet on the Future,’ ” Straits Times, December 12, 2016, https://www.straitstimes.com/asia/east-asia/softbanks-masayoshi-son-the-crazy-guy-who-bet-on-the-future.

  317He designed the investment vehicle for speed: Dana Olsen, “Vision Fund 101: Inside SoftBank’s $98B Vehicle,” PitchBook, August 2, 2017, https://pitchbook.com/news/articles/vision-fund-101-inside-softbanks-93b-vehicle.

  Chapter 31: THE GRAND BARGAIN

  319The storied corporation had lost: Steve Blank, “Why GE’s Jeff Immelt Lost His Job: Disruption and Activist Investors,” Harvard Business Review, October 30, 2017, https://hbr.org/2017/10/why-ges-jeff-immelt-lost-his-job-disruption-and-activist-investors.

  320“There’s this chip you have”: Sheelah Kolhatkar, “At Uber, A New C.E.O. Shifts Gears,” The New Yorker, April 9, 2018, https://www.newyorker.com/magazine/2018/04/09/at-uber-a-new-ceo-shifts-gears.

  320After Allen & Company: https://www.newyorker.com/magazine/2018/04/09/at-uber-a-new-ceo-shifts-gears.

  324“I have decided not to pursue”: Jeff Immelt (@JeffImmelt), “I have decided not to pursue a leadership position at Uber. I have immense respect for the company & founders – Travis, Garrett and Ryan.” Twitter, August 27, 2017, 11:43 a.m., https://twitter.com/JeffImmelt/status/901832519913537540.

  324People close to Immelt: Kara Swisher, “Former GE CEO Jeff Immelt Says He Is No Longer Vying to Be Uber CEO,” Recode, August 27, 2017, https://www.recode.net/2017/8/27/16211254/former-ge-ceo-jeff-immelt-out-uber-ceo.

  325Shortly after five o’clock: Mike Isaac, “Uber Chooses Expedia’s Chief as C.E.O., Ending Contentious Search,” New York Times, August 27, 2017, https://www.nytimes.com/2017/08/27/technology/uber-ceo-search.html.

  326Son reached a deal: Mike Isaac, “Uber Sells Stake to SoftBank, Valuing Ride-Hailing Giant at $48 Billion,” New York Times, December 28, 2017, https://www.nytimes.com/2017/12/28/technology/uber-softbank-stake.html.

  327It was a pure preemptive strike: Katie Benner and Mike Isaac, “In Power Move at Uber, Travis Kalanick Appoints 2 to Board,” New York Times, September 29, 2017, https://www.nytimes.com/2017/09/29/technology/uber-travis-kalanick-board.html.

  327“one share, one vote”: Katie Benner and Mike Isaac, “Uber’s Board Approves Changes to Reshape Company’s Power Balance,” New York Times, October 3, 2017, https://www.nytimes.com/2017/10/03/technology/ubers-board-approves-changes-to-reshape-power-balance.html.

  EPILOGUE

  331“180 days of change”: Rachel Holt and Aaron Schildkrout, “180 Days: You Asked, and We’re Answering,” Uber, https://pages.et.uber.com/180-days/.

  332“We do the right thing. Period.”: Dara Khosrowshahi, “Uber’s New Cultural Norms,” LinkedIn, November 7, 2017, https://www.linkedin.com/pulse/ubers-new-cultural-norms-dara-khosrowshahi/.

  332a full-throated repudiation: Mike Isaac, “Uber’s New Mantra: ‘We Do the Right Thing. Period.,’ ” New York Times, November 7, 2017, https://www.nytimes.com/2017/11/07/technology/uber-dara-khosrowshahi.html.

  332dubbed the new “Dad”: Geoffrey A. Fowler, “I Was Team #DeleteUber. Can Uber’s New Boss Change My Mind?,” Washington Post, May 11, 2018, https://www.washingtonpost.com/news/the-switch/wp/2018/05/11/i-was-team-deleteuber-can-ubers-new-boss-change-my-mind/?utm_term=.affb048f5b91.

  332Uber blanketed media with ads: Priya Anand, “Uber to Spend Up to $500 Million on Ad Campaign,” The Information, June 5, 2018, https://www.theinformation.com/articles/uber-to-spend-up-to-500-million-on-ad-campaign.

  333“Khosrowshahi has been perfecting his brand”: Jessi Hempel, “One Year In, The Real Work Begins For Uber’s CEO,” Wired, September 6, 2018, https://www.wired.com/story/dara-khosrowshahi-uber-ceo-problems-lyft/.

  333“He’s back?”: Anthony Levandowski, “Pronto Means Ready,” Medium, December 18, 2018, https://medium.com/pronto-ai/pronto-means-ready-e885bc8ec9e9.

  333“Way of the Future”: Mark Harris, “Inside the First Church of Artificial Intelligence,” Wired, November 15, 2017, https://www.wired.com/story/anthony-levandowski-artificial-intelligence-religion/.

  338Larry Page grew increasingly “unpumped”: Daisuke Wakabayashi, “Why Google’s Bosses Became ‘Unpumped’ About Uber,” New York Times, February 7, 2018, https://www.nytimes.com/2018/02/07/technology/uber-waymo-lawsuit.html.

  338“He answered every question”: Eric Newcomer, “Inside the Abrupt End of Silicon Valley’s Biggest Trial,” Bloomberg, February 9, 2018, https://www.bloomberg.com/news/articles/2018-02-09/inside-the-abrupt-end-of-silicon-valley-s-biggest-trial.

  338As part of the terms of the settlement: Daisuke Wakabayashi, “Uber and Waymo Settle Trade Secrets Suit Over Driverless Cars,” New York Times, February 9, 2018, https://www.nytimes.com/2018/02/09/technology/uber-waymo-lawsuit-driverless.html.

  INDEX

  Page numbers followed by n refer to footnotes.

  510 Systems, 108

  ABC, 131

  Abu Dhabi Investment Authority, 317

  Abyzov, Ilya, 90

  Accel, 40

  Adobe, 27, 39

  Advanced Micro Devices, 67

  Advanced Technologies Group, 184

  Agenda, 67

  AIG, 33

  Airbnb, xiii, 6, 65, 224

  Akamai Technologies, 29, 31, 32

  Albarrán, Tammy, 224, 226, 271–72, 275

  Alexander, Eric, 260–61, 262, 337

  Alfonso, Melene, 16

  Alipay, 148

  Allen & Company, 319, 320

  Alltel, 100

  Alphabet, 232. See also Google

  Alsup, William, 255–56

  Amazon, 4, 11–14, 27, 35, 68–69, 92n, 111, 115, 154, 195, 231n

  Amazon Web Services (AWS), 34–35, 39

  American Civil Liberties Union, 211

  Andreessen, Marc, 69n, 75

  Andreessen Horowitz, 40, 184

  Android, 156, 159

  AOL, 31, 69n, 229, 230

  APAC, 260

  Apple, 4, 36, 38–40, 59, 132, 165, 195, 233, 235, 245, 317. See also specific products

  the Apple problem, 153–64

  App Store, 37, 39–40, 59, 155, 157–63, 235, 245

  Aquafina, 60

  Arab Spring, 199

  Arlene Schnitzer Concert Hall, xv

  Arrington, Michael, 55, 58

  Arro, 113

  Asia, 139, 140–52, 187, 259, 260. See also specific countries

  AT&T, 59, 92

  Atwood, Renee, 135

  August Capital, 31

  Austin, Texas, 115, 116

  Axis Theater, 10–15

  Babbage, 39

  Baker, Ed, 137, 174, 254

  Baldwin, Alec, 90

  Bangalore, India, 148

  Bannon, Steve, 207

  Bar Crudo, 78

  Barrett, David, 49

  BART (Bay Area Rapid Transit), 41

  Bass, Robert, 277

  the Battery, 4

  BD, Akshay, 148

  Beijing, China, 142

  Benchmark Capital, 14, 40, 65, 70, 78–80, 282–86, 311–17, 320, 323, 324–26, 335

  attempts to find Kalanick’s replacement and, 314–16

  Grand Bargain and, 326�
��27

  plan to force Kalanick’s hand, 289–91, 292–306

  Benioff, Marc, 201

  Benton, Dan, 67

  Best Buy, 39

  Beyoncé, 7–8

  Bezos, Jeff, 11, 13, 35, 54, 69, 140, 231n, 332

  Biewald, Lukas, 49

  Big Tech, 201

  Bigwords.com, 26

  BlackBerry, 36

  “Black Gold,” 139

  Bloomberg Businessweek, 121

  Bloomberg News, 237, 254, 256

  Blue Bottle, 98

  Bob, 241, 242, 243, 244, 246

  Bonderman, David, 101, 202, 255, 270, 272, 274, 276–84, 296, 321

  Booker, Cory, 179

  Brazil, 174

  Brin, Sergey, 34, 54, 76–77, 96, 100, 121, 140, 176, 177, 178, 179, 180

  Brown, Mike, 150n

  Buffett, Warren, 76–77

  Burkle, Ron, 23

  Burner, 146

  Burning Man, 42

  Burns, Ursula, 327

  Bush, George W., 229

  Bush, Sophia, 193

  Bush administration, 33

  BuzzFeed, 127n, 128–31, 129n, 156

  BuzzFeed News, 128–31

  Cabulous, 78

  Caldbeck, Justin, 285

  California, 168. See also specific cities

  transit authorities in, 254–55

  Callinicos, Brent, 122–24, 278

  Cambridge, England, 228

  Cambridge Analytica, 200

  Camp, Garrett, 56–58, 60, 64, 101, 270–72, 287–88, 301, 313, 324, 341

  allegiance to Kalanick, 97, 270–72, 287–88, 301

  fixation on branding, 58

  founder’s challenge and, 53–54

  on Uber’s board, 79–80

  vision for Uber, 40, 41–45, 48–50, 85

  Campbell, Harry, 248

  Carlisle, Doug, 293

  Carnegie Mellon University, 184

  Carolan, Shawn, 192, 288, 293, 301–2

  Carr, Paul, 119, 129

  Carter, Graydon, 126, 163n

  Carter, Shawn, 54, 194. See also Jay-Z

  Casino Royale, 44

  The Castro, 47–48

  CBS, 131

  Chai, Nelson, 332

  Chengdu, China, 142, 146

  Cheng Wei, 141–42

  Cherry, 188

  Chicago, Illinois, 55, 83, 84, 165, 204, 292

  China, 122, 140–52, 153–55, 187, 202, 211, 245, 257, 258, 312

  Christensen, Clayton, 75

  Citi Bike, 134

  Clark, Craig, 258, 259

  Clinton, Hillary, campaign of, 200, 201

  CNBC, 273

  CNN, 273, 303

  Coca-Cola, 189–90

  Code Conference, 176, 177, 178, 179, 180

  Code.org, 92n

  Cohler, Matt, 283, 293–95, 296–305, 313, 315, 324–25

  COIN program, 166, 178, 257, 259

  Colorado, 115

  Communication Workers Union, 204

  Communist Party, 141, 204

  Compaq, 67

  Congress, 200

  Cook, Tim, 154, 157, 158, 162, 163–64, 264

  Cooley, 289

  Costolo, Dick, 140

  Coulter, Jim, 277–78

  Course, David, 67

  Covington & Burling, 224

  Covington & Burling, 260, 269–70, 271, 310

  Craig, Daniel, 44

  Craigslist, 28

  the Creamery, 4, 42

  Creative Artists Agency (CAA), 23, 189

  Credit Suisse First Boston, 67

  CrowdFlower, 46

  Cuban, Mark, 31

  Cue, Eddy, 157–58, 159, 160–62, 163, 245

  Cupertino, California, 158, 160, 161

  Curb, 113

  DARPA Robotics Challenge, 107

  Darwins, 163, 163n

  Davos, Switzerland, 31

  De Blasio, Bill, 116, 116n, 117

  Dehli, India, 261

  #deleteUber campaign, 208–10, 254

  Dell, Michael, 67

  Demeter, Steve, 39

  Department of Defense, 107

  Deutsche Bank, 69

  Diaz, Cameron, 98

  DiCaprio, Leonardo, 193

  Dickenson, Texas, 66

  DiDi, 141–42, 146, 147–52, 187, 202, 257, 258

  Didi Chuxing, 141–42

  Didi Dache, 122, 122n, 142

  Diller, Barry, 307–8, 320, 333

  Doerr, John, 35–37, 38, 39, 40, 201

  DogVacay, 65

  Dole, Bob, 229

  DoorDash, 9

  Dorsey, Jack, 202

  Dropbox, 6

  Drummond, David, 99, 100, 105, 106, 158, 176, 178–79, 180

  eBay, 27, 43, 65, 169–71, 312

  Einstein, Albert, 54

  Eisner, Michael, 23

  Ellison, Larry, 67

  Elysian Hotel, 165

  Encore Las Vegas, 7

  England, Erich, xv–xvii, 243–44

  Ericsson, 44

  Expedia.com, 319, 320, 322, 327–28, 331

  Expensify, 46

  Facebook, 9–10, 21–22, 56, 74, 92n, 93, 113, 171, 174, 189, 333

  copies Snapchat’s core feature, 235

  dual-class structure and, 77

  ex-Uber employees at, 224

  IPO of, 5, 97

  politics and, 200–201

  reliance on advertising, 154

  Sidecar and, 86

  SREs at, 215

  Uber recruits from, 4

  women employees at, 226

  Fandango, 92

  Fannie Mae, 33

  FBI, 171

  Federal Reserve Bank, 27, 33, 34

  Fenton, Peter, 283, 293–305

  Fidelity Investments, 97, 297n, 300

  First Round Capital, 57, 288, 288n, 289, 293, 326

  Flipboard, 92n

  Foreign Corrupt Practices Act, 260

  Forstall, Scott, 38

  Formspring, 46

  Fortune magazine, 127–28

  Four Seasons Hotel, 105, 265

  Foursqure, 55

  Fowler, Susan J., 196, 199, 213–22, 223–26, 235, 241–42, 254, 285

  Fox News, 204

  Freddie Mac, 33

  Freitas, Ryan, 28

  Fucked Company, 28, 31

  FuncoLand, 39

  Gallagher, Leigh, 127–28

  Gap Inc., 189

  Gates, Bill, 37, 67

  Gawker, 205

  Geidt, Austin, 13, 60–62, 63, 82, 86, 192–93

  General Electric, 314, 319

  Gicinto, Nick, 257

  Gingrich, Newt, 229

  Giron, Joe, 156

  Glade Brook Capital Partners, 300

  Gladwell, Malcolm, 126

  Go-Jek, 187

  Gold Club, 192

  Goldman Sachs, 69, 93, 100, 132

  Gomez, Henry, 313

  Google, 4–6, 9, 31, 36, 96–99, 99n, 147, 158, 172, 195

  as advertising company, 154

  “Don’t be evil” mantra of, 76–77, 76n

  Google Capital, 100

  Google Glass, 177n

  Google Maps, 107, 148

  Googleplex, 105, 107, 181

  Google Ventures, 98–101, 99n, 105–7, 157, 202, 283, 326

  Google X, 105–6, 109–10

  Gulfstream V, 178

  headquarters of, 105

  HR and employees of, 224–26, 333

  IPO of, 76–77

  self-driving cars and, 105–10, 176–77, 180, 232–35, 233–3
6

  Trump’s election and, 199–200

  Gore-Coty, Pierre-Dimitry, 309

  GQ magazine, 119, 120, 221

  Grab, 148, 150, 187, 258, 259–60, 333

  Graf, Daniel, 237, 309

  Gramercy Park Hotel, 127, 130

  Graves, Molly, 56

  Graves, Ryan, 13, 63, 82, 124, 135, 165, 191, 309, 312–13, 321, 324, 341

  allegiance to Kalanick, 97, 270–72, 287–88, 299, 301

  background of, 54–55

  Lyft and, 86

  selected to be Uber’s first CEO, 55–59

  on Uber’s board, 79–80

  Great Recession, 33–34, 132

  Green, Logan, 85, 86, 120, 186, 187, 188, 189

  Greyball, xvii, xviii, 242–53, 254

  Greylock Partners, 74

  Groupon, 77

  Grubhub, 65

  Guadalajara, Mexico, 172–74

  Guetta, David, 7

  Gurgaon, India, 149–50

  Gurley, John, 66

  Gurley, John William “Bill,” 14, 69n, 187, 202, 255, 264n, 270, 272, 274, 276, 279, 288n

  after showdown, 308–10

  annoyance with Kalanick, 122–26

  attempts to find Kalanick’s replacement and, 314–16, 321

  blogging by, 125

  confers with spurned investors, 288–89

  connects Kalanick and Michael, 93–94

  desire for proper corporate governance, 332, 334–35

  fundraising and, 92

  Grand Bargain and, 326–27, 331

  investment talent of, 64–71, 78–80

  plan to force Kalanick’s hand, 289–91, 292–306, 292n

  at SXSW, 125–26

  the syndicate and, 282–86, 303–4

  on Uber’s board, 79–80

  wishes Kalanick well, 299

  Gurley, Lucia, 66

  Gutmann, Amy, 214–15

  H&R Block, 249

  Hacker News, 156, 159

  Hales, Charlie, xii, xiii

  Harford, Barney, 331, 331n

  Harvey, Kevin, 70

  Hayes, Rob, 57, 63, 78, 288, 288n, 293

  Hazelbaker, Jill, 225, 237, 239, 240

  “Heaven,” 156, 259

  Heidrick & Struggles, 312–13, 324

  “Hell,” 257

  Henley, Mat, 178, 259

  Hewlett-Packard, 144, 312, 313, 314, 323

  Highway 101, 28

  Holden, Jeff, 120

  Holder, Eric, 224, 225–26, 254, 260, 266, 275, 283

  Holder Report, 254, 266, 269–81, 283, 296, 299, 341

 

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