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Travis Kalanick reveals Bill Gurley pressured him to take a $6 billion valuation. Two months later, he raised at $17.5 billion. "Gurley was convinced it was the end of the world and we've got to raise, and just take your first term sheet, just f*cking take it." "We got... to a place where I just wouldn't talk to him. If he reached out to me, I would talk to him, but I just wouldn't try to engage because it was always that. So Emil Michael would handle this part. He would handle a lot of the investor relations." "Anyways, two months later, we got a round done at a $17.5 billion pre." "We were already planning IPO stuff. [Benchmark Capital] didn't know it. But they also never expressed the desire to be like, 'Hey, dude, you gotta IPO.' It was never brought up." "If you think the world's about to end and you've got this thing that's worth a ton of money, you could get to a weird place. Especially when you're a VC, you don't have any control. You're not running anything. So now your entire outcome in life is due to this guy." "You could get into a place where you're running a war room to destroy him. And that's kind of what happened."show more

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28 Yorum

Raghu Rao profil fotoğrafı

Raghu Rao1 ay önce

Gurley got scared. It’s well documented.

jlp profil fotoğrafı

jlp1 ay önce

Gurly argued on his BG2 podcast that free trade was good because it raised a lot of people in China out of poverty at the cost of hollowing out the middle class in the USA. That very elitist take turned me off to him; not a fan.

PBurke profil fotoğrafı

PBurke1 ay önce

Travis' run at Uber will be studied for decades. No denying his genius and success nor the poor oversight of the culture that led to some pretty awful things happening on his watch. Either way, love seeing him with the gloves off, especially when it comes to VCs.

NailYourJobInterview profil fotoğrafı

NailYourJobInterview1 ay önce

Travis is a operator. Gurley watches from the sideline and pretends to play.

David Ogden profil fotoğrafı

David Ogden1 ay önce

@travisk is from the same ilk as Elon. Don’t bet against him.

Paul Bohm profil fotoğrafı

Paul Bohm1 ay önce

Benchmark, Fidelity, First Round, Lowercase, and Menlo

dnap profil fotoğrafı

dnap1 ay önce

ft @davidsenra @travisk @USWREMichael

krista pappas ✌ profil fotoğrafı

krista pappas ✌1 ay önce

@shervin Can someone say vendetta? Travis settling scores should not be confused with an objective history of what happened.

Stuart Manley profil fotoğrafı

Stuart Manley1 ay önce

If the guy is pushing for a 6bn valuation and you then close at 3x that then that should just end that type of conversation, and that vc should just stop trying to get involved.

richard koo profil fotoğrafı

richard koo1 ay önce

@bgurley has been named. I wonder if he would respond.

Alex profil fotoğrafı

Alex1 ay önce

Never realized what I’d been missing until now. His previous talks felt mostly buzzword-heavy and surface-level, completely different energy here. Great stuff - really loved it @trviks

Gontran Mabetomoka profil fotoğrafı

Gontran Mabetomoka1 ay önce

Travis, you are just awesome!

Lee Cheng profil fotoğrafı

Lee Cheng1 ay önce

The dominant silicon photonics IP poetfolio is acquired by Nvdia on the cheap because Comven and ARCH panicked during the telecom bust in the early aughts and screwed over the founder of one of their portfolio companies. They ruined a good man and blew up an opportunity yo exit for a lot more than they did. I hope karma found the people responsible. I learned very valuable lessons from that episode.

Sivanrayana profil fotoğrafı

Sivanrayana1 ay önce

Man, Travis is just amazing and legendary.

Utsav profil fotoğrafı

Utsav1 ay önce

the 17.5 billion seems like June 2014 round - what even was the world coming to an end angle then? wasn't this the super smooth decacorn run, till 2017 that is?

Philip profil fotoğrafı

Philip1 ay önce

@bgurley Where is the public apology? Pretty bad shit you did there.

Señor Don Panchito profil fotoğrafı

Señor Don Panchito1 ay önce

Gurley is a weak boy. Should never manage money. @grok - what has bill gurley from benchmark capital created in his career (outside of dealing with money)?

Ricky Yean profil fotoğrafı

Ricky Yean1 ay önce

"I don't get attached to a price I get attached to a process" @jayyeh this you or this tk

Aiwa profil fotoğrafı

Aiwa1 ay önce

I think it's cool they still follow each other here. After the dust settled I'm sure they still respect each other

Gagandeep Singh profil fotoğrafı

Gagandeep Singh1 ay önce

@travisk helping us all with great insights!

Dan Kariuki profil fotoğrafı

Dan Kariuki1 ay önce

Someone gave me an offer and I said yes almost immediately . Then they proceeded to say they were disappointed for taking the first offer on the table . 😂

Dylan Dewdney - Hedwig at Kuvi.ai profil fotoğrafı

Dylan Dewdney - Hedwig at Kuvi.ai1 ay önce

this was actually illuminating

Nimayi Dixit profil fotoğrafı

Nimayi Dixit1 ay önce

Why was the world ending in 2017?

🚀 Safaya Ikechukwu profil fotoğrafı

🚀 Safaya Ikechukwu1 ay önce

@grok whats company this guys created

David Alcalá profil fotoğrafı

David Alcalá1 ay önce

Odysseus!!

Harshal profil fotoğrafı

Harshal1 ay önce

@travisk why not join hands with @elonmusk ?

Tony Tong | Founder | Ancient Systems x AI profil fotoğrafı

Tony Tong | Founder | Ancient Systems x AI1 ay önce

The tell is Gurley wanted certainty and Kalanick had a close call. The biggest calls in a company are never the clean 80/20s, those get automated. They are the close ones where a framework narrows the field but somebody still makes the leap, never the investors leap to make.

Dipanshu Kushwaha profil fotoğrafı

Dipanshu Kushwaha1 ay önce

Wow, that's quite a story. Good thing they stuck to their guns!

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.Naval: There was a story that I read about Elon Musk that really affected me, which was when he was talking to Bill Gates, and Bill Gates had just taken out some huge short on Tesla. It was like a billion dollar short or something. And, Elon was like, “Why would you do that? Why would you short Tesla?” And Bill goes, “Well, you know, I talked to my financial advisors and I looked at the math and there’s no way it’s overvalued. And so I’m going to make money on the short.” And Elon goes, “What do you care about making money? I thought you were into electric cars and climate change and saving the world. What are you doing trying to save a few bucks and betting against Tesla?”. And he just walked away in disgust. And I think he never talked to Bill Gates after that. And that’s when I realized, like, Elon’s a purist. He means what he says. The money is a tool for him to get what he’s trying to do. And so I take him at face value, which is the crazy thing, because a lot of people who set these audacious goals to inspire people, you kind of know they don’t really mean it. Elon, I take at face value. So I really do think he intends to get to Mars. I don’t think he’s joking about that. And I think he means to get there within a defined window of time. And I don’t think it’s just like an inspirational, faraway goal. I think he’s very, very concretely going to do whatever it takes. Because Elon doesn’t want to go down in history as the electric car guy or even the guy who saved America guy. He wants to go down as a guy who got humanity to the stars. Again, I’ll give him more credit than that. I don’t even think he wants to go down as the “I got humanity to the stars” guy. He’s just like, “I want to get to the stars, and so I have to make it happen in this lifetime. The only way that I get to experience the science fiction world in my head is if I get to the stars.” And so that’s so inspirational. I think that drives everything. So I think the government was just a thing that got in his way.

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Martin Casado spent years dismissing the AI doom scenario and says what he got wrong was how long the scaling laws would keep holding: "I was responding to this Bostrom notion of recursive self-improvement, fast takeoff. You create one of these things, you step back, and it takes over the world... That's clearly not what's happening." "But here's what I got wrong. What I got wrong is I did not know that we could effectively just continue to pour money in this. The scaling laws are holding." "I don't know what it means to do a $100 billion training run, to have this thing that you're putting $100 billion in, and then that money comes from this meta-economic machinery that may want to solve whatever." "They may want to solve cancer, but they may also want to create a weapon. Like, who knows?" "This concentration of this many resources in a useful way, I think, is very new. I don't think we understand the implications. I think you could reasonably argue that that's very dangerous if you apply that $100 billion in the wrong way... What does it mean to be able to concentrate resources?" martin_casado

Martin Casado spent years dismissing the AI doom scenario and says what he got wrong was how long the scaling laws would keep holding: "I was responding to this Bostrom notion of recursive self-improvement, fast takeoff. You create one of these things, you step back, and it takes over the world... That's clearly not what's happening." "But here's what I got wrong. What I got wrong is I did not know that we could effectively just continue to pour money in this. The scaling laws are holding." "I don't know what it means to do a $100 billion training run, to have this thing that you're putting $100 billion in, and then that money comes from this meta-economic machinery that may want to solve whatever." "They may want to solve cancer, but they may also want to create a weapon. Like, who knows?" "This concentration of this many resources in a useful way, I think, is very new. I don't think we understand the implications. I think you could reasonably argue that that's very dangerous if you apply that $100 billion in the wrong way... What does it mean to be able to concentrate resources?" martin_casado

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Karl-Anthony Towns says he'd take a $100,000,000 pay cut to keep the Knicks together Q: “You willing to take a $100 plus million dollar pay cut to like Jaylen Brunson did to keep this thing together?” KAT: “If we can keep it all together. We all got to get in the room and say we going to do it” “I mean, Jalen Brunson, shout out to him. That's a lot of money. But you know what? You can't put a value on the fact that he's at where he wants to be. And I think that's a big value number that no one's thinking of. “He's with his father. He's super comfortable. He has a team that believes in him. I think that belief that a team and organization can give you is something that's worth a lot, a lot, a lot of money. And they give him that belief, and I think that he felt that was the best situation for him, and I root him on for that”

dank

1,583,014 görüntüleme • 3 ay önce

John Lynch explains why the 49ers didn't address the offensive line earlier than the 7th round of the draft: "We we're able to do that with Connor Colby, but there were a number of times that we were interested in adding and it just didn't come our way. And you’ve gotta stay true to where you have guys graded, not take guys just to take them but to take guys that you're interested in at that point. And it just never really aligned. We were happy to add Colby. We think he's a really good scheme fit. Great thing about Iowa is they run a very similar, they run a lot of outside zones, so you get to see a guy like him do things that we do and he does them well. So, we’re happy to add that. But there were a number of times Kyle and I were talking about that at the end that just didn't align, one of those deals and you don't want to force things. So, it wasn't our time for that."

John Lynch explains why the 49ers didn't address the offensive line earlier than the 7th round of the draft: "We we're able to do that with Connor Colby, but there were a number of times that we were interested in adding and it just didn't come our way. And you’ve gotta stay true to where you have guys graded, not take guys just to take them but to take guys that you're interested in at that point. And it just never really aligned. We were happy to add Colby. We think he's a really good scheme fit. Great thing about Iowa is they run a very similar, they run a lot of outside zones, so you get to see a guy like him do things that we do and he does them well. So, we’re happy to add that. But there were a number of times Kyle and I were talking about that at the end that just didn't align, one of those deals and you don't want to force things. So, it wasn't our time for that."

Coach Yac 🗣

85,728 görüntüleme • 1 yıl önce

Elizabeth Olsen says her husband got down on one knee to propose and had to stand back up because the wooden dock hurt “My husband is incredibly neurotic, very uncomfortable all the time, always has something wrong with his anything, his coccyx, his pinky - but he actually has things wrong with him, but they’re always like this 1% odd thing and they have real diagnosis” “And so when we got engaged, we went to this place in Northern California in Inverness, and he was just so annoyed. There wasn’t a cheeseboard. He asked for a cheeseboard and we got there and I was like, ‘You’ve never cared this much about a cheeseboard before.’ And he was freaking out” “This place had a wood burning fireplace that was massive and he couldn’t start a fire and he was like, ‘What kind of man doesn’t know how to start a fire?’ He was just so mean to himself trying to figure out how to get this fire going. He was like, ‘It’s embarrassing if I had to ask someone to get a fire’” “And then it was 30 minutes later he proposed when we were outside, but he needed there to be a cheeseboard, fire going, in order for it to feel romantic or something” “He tried to go down on his knee, he’s going to hate me saying this, but it’s fine because he’s charming. But we were on this wood dock, so he goes down on his knee and he’s like, ‘Ow, sorry, this really hurts, back up’” “And it was just the two of us. There’s not a single photo. It was just so lovely. I loved it so much just because it was him and all of his like-”

Elizabeth Olsen says her husband got down on one knee to propose and had to stand back up because the wooden dock hurt “My husband is incredibly neurotic, very uncomfortable all the time, always has something wrong with his anything, his coccyx, his pinky - but he actually has things wrong with him, but they’re always like this 1% odd thing and they have real diagnosis” “And so when we got engaged, we went to this place in Northern California in Inverness, and he was just so annoyed. There wasn’t a cheeseboard. He asked for a cheeseboard and we got there and I was like, ‘You’ve never cared this much about a cheeseboard before.’ And he was freaking out” “This place had a wood burning fireplace that was massive and he couldn’t start a fire and he was like, ‘What kind of man doesn’t know how to start a fire?’ He was just so mean to himself trying to figure out how to get this fire going. He was like, ‘It’s embarrassing if I had to ask someone to get a fire’” “And then it was 30 minutes later he proposed when we were outside, but he needed there to be a cheeseboard, fire going, in order for it to feel romantic or something” “He tried to go down on his knee, he’s going to hate me saying this, but it’s fine because he’s charming. But we were on this wood dock, so he goes down on his knee and he’s like, ‘Ow, sorry, this really hurts, back up’” “And it was just the two of us. There’s not a single photo. It was just so lovely. I loved it so much just because it was him and all of his like-”

sara

724,512 görüntüleme • 1 ay önce

Andrew Garfield says a woman at Glastonbury asked him to take a photo of her instead of with him “I remember being at Glastonbury one year. You don’t quite realize how it’s affecting how you see the world until you get the opposite experience or you remember what it’s like to not be recognizable in some way” “And there were these two lovely girls who - it was their first Glastonbury, and I was there with my group of friends, and we just kind of sat, you know, you plop down wherever you plop down” “And then these two girls, you can feel it. You’re like, ‘Oh, I think I’m getting a little protective.’ But then we were just chatting and chatting and chatting” “And then at the end of the conversation, one of them was like, ‘Can I-’ And I thought, ‘Oh, here it comes.’ But she was like, ‘Can I ask you to take a photo of us?’” “And I was like, ‘Yeah, I would love to do that.’ It made me so happy. I was like, ‘Yeah! Now I feel like I’m just a part of your experience, and you’re a part of mine, and it’s not anything else’” “They were so cool. We had such a nice chat and they just kind of were treating me like anyone else. It was just the best. It’s the best”

Andrew Garfield says a woman at Glastonbury asked him to take a photo of her instead of with him “I remember being at Glastonbury one year. You don’t quite realize how it’s affecting how you see the world until you get the opposite experience or you remember what it’s like to not be recognizable in some way” “And there were these two lovely girls who - it was their first Glastonbury, and I was there with my group of friends, and we just kind of sat, you know, you plop down wherever you plop down” “And then these two girls, you can feel it. You’re like, ‘Oh, I think I’m getting a little protective.’ But then we were just chatting and chatting and chatting” “And then at the end of the conversation, one of them was like, ‘Can I-’ And I thought, ‘Oh, here it comes.’ But she was like, ‘Can I ask you to take a photo of us?’” “And I was like, ‘Yeah, I would love to do that.’ It made me so happy. I was like, ‘Yeah! Now I feel like I’m just a part of your experience, and you’re a part of mine, and it’s not anything else’” “They were so cool. We had such a nice chat and they just kind of were treating me like anyone else. It was just the best. It’s the best”

Casper

415,562 görüntüleme • 1 ay önce

Quentin Tarantino recounts a dinner with Robert De Niro during the making of Jackie Brown, where he asked him whether he understood when he landed the role of Vito in The Godfather Part II, that it would change his life. De Niro’s answer revealed a great deal about his mindset at the time. “I was working with Robert De Niro on Jackie brown, and we went out to dinner once. - When he got Vito in the Godfather Part II, that was going to be a big thing for him. He won the Oscar for it - it set him up to be a movie star. So I asked him - and I've asked this to quite a few actors when it comes to when they got the role that would end up changing their career - did he realize that the moment when he got the role, that it would have this sort of effect? And he goes oh, “I tried not to let it do that. I tried not to think about that” I go, "really? and why did you try not to think about that?" “Well because I’ve seen it happen and then go the other way” And then he used an example. “There was this guy, he was a young actor, and he was part of our crowd in New York. He'd been doing okay, but we were all in the same boat. Then all of a sudden he got a lead role. He's one of the two leads in a brand new movie by a director who had just done a smash hit.” And he's talking about Larry Pierce (the director) and uh... Goodbye Columbus. ”And he started dining out on it. And all of a sudden I go to the places that we used to go to, and now he's there and everyone's kind of revolving around him. He's kind of holding court. He's not doing anything bad; he's just arisen in the way that none of us have - and we're all treating him different. Then the movie comes out; nobody likes it - The movie comes out, and it goes away, and he's exactly in the same place he was. And I just wanted to make sure that that would never happen to me because I watched it happen to him.” Quote from Video Archives Podcast, sourced from James Whale Bake Sale YouTube channel. Clip below from the Godfather Part II (1974)

Gangster Cinema Central

97,458 görüntüleme • 5 ay önce

“It genuinely was the smallest p*nis I've ever seen in my life.” Adult film star Ellie Nova shares the wild story of how she asked her best friend for permission to sleep with her boyfriend just to satisfy her curiosity about his micropenis: Ellie Nova: “I slept with a guy with a microp*nis.” Host: “Did you know that going in?” Ellie Nova: “Yes, because he was at the time my best friend's boyfriend. I brought it up to her kind of jokingly, but I was like, 'Can I try to f*ck him?' I was like, I need to see this. I was just so intrigued and so committed to figuring out what was going on.” “She laughed it off and she was like, 'Yeah, if you can get him to f*ck you. Two weeks later at a party, I managed to convince him.” Host: “How did you convince him, honestly?” Ellie Nova: “It was a lot of me just being really touchy and then being like, 'I heard that you have a really nice d*ck, like, can I see it?' And he was like, 'Oh my God, yes.' Any man with the self-awareness, if you have a microp*nis, like, this is a trap, right? I remember going into a bathroom, pulling down his pants, and then crying because of how hard I was laughing.” “It genuinely was the smallest p*nis I've ever seen in my life. But then I still let him f*ck me because I was like, I need to know what this feels like.” Host: “How did it feel?” Ellie Nova: “Women will understand what I'm saying. When you wear a thong, and it kind of pulls up into your lips a little bit not quite a wedgie, but not not a wedgie. That's what it felt like.”

Sensitive content

“It genuinely was the smallest pnis I've ever seen in my life.” Adult film star Ellie Nova shares the wild story of how she asked her best friend for permission to sleep with her boyfriend just to satisfy her curiosity about his micropenis: Ellie Nova: “I slept with a guy with a micropnis.” Host: “Did you know that going in?” Ellie Nova: “Yes, because he was at the time my best friend's boyfriend. I brought it up to her kind of jokingly, but I was like, 'Can I try to fck him?' I was like, I need to see this. I was just so intrigued and so committed to figuring out what was going on.” “She laughed it off and she was like, 'Yeah, if you can get him to fck you. Two weeks later at a party, I managed to convince him.” Host: “How did you convince him, honestly?” Ellie Nova: “It was a lot of me just being really touchy and then being like, 'I heard that you have a really nice dck, like, can I see it?' And he was like, 'Oh my God, yes.' Any man with the self-awareness, if you have a micropnis, like, this is a trap, right? I remember going into a bathroom, pulling down his pants, and then crying because of how hard I was laughing.” “It genuinely was the smallest pnis I've ever seen in my life. But then I still let him fck me because I was like, I need to know what this feels like.” Host: “How did it feel?” Ellie Nova: “Women will understand what I'm saying. When you wear a thong, and it kind of pulls up into your lips a little bit not quite a wedgie, but not not a wedgie. That's what it felt like.”

Dickson

4,385,576 görüntüleme • 1 ay önce

Chris Bosh says it took him months to forgive LeBron James for leaving Miami “Through a text. I thought he was bullshitting, and then about 10 minutes later it’s everywhere. At the time, I didn’t understand it. In my mind I was ready to put the team back together because we had just lost” “I took offense to it, to be honest with you, at first. I was only thinking of how I felt about it. Me and Bron talked about it, but I’m a competitor. When you go back to the locker room and Bron ain’t in that chair, and then everybody’s kind of looking at you for that 25 points and looking at D for that 25 points” “It still worked out for everybody, but I was upset. It took some time to get over it. I want to say it took months to get over it. We had to be in the same place and talk about it. Nothing deep, but just talk and get back on good terms and get back to where we were”

Chris Bosh says it took him months to forgive LeBron James for leaving Miami “Through a text. I thought he was bullshitting, and then about 10 minutes later it’s everywhere. At the time, I didn’t understand it. In my mind I was ready to put the team back together because we had just lost” “I took offense to it, to be honest with you, at first. I was only thinking of how I felt about it. Me and Bron talked about it, but I’m a competitor. When you go back to the locker room and Bron ain’t in that chair, and then everybody’s kind of looking at you for that 25 points and looking at D for that 25 points” “It still worked out for everybody, but I was upset. It took some time to get over it. I want to say it took months to get over it. We had to be in the same place and talk about it. Nothing deep, but just talk and get back on good terms and get back to where we were”

dank

140,735 görüntüleme • 2 ay önce

Chris Pratt says he told a Marvel executive to his face that firing James Gunn was a big mistake "I remember talking to Lou Espazito at Marvel and I don't think Lou would mind me saying this but he goes 'We we got to let him go' and I was like you're making a mistake you can't let him go" "He's like 'Dude it's it has to happen' then I reached out to James and said this is not over...I think he just woke up one day and was like this is not right" "James was incredibly classy the entire time. he owned it"

Chris Pratt says he told a Marvel executive to his face that firing James Gunn was a big mistake "I remember talking to Lou Espazito at Marvel and I don't think Lou would mind me saying this but he goes 'We we got to let him go' and I was like you're making a mistake you can't let him go" "He's like 'Dude it's it has to happen' then I reached out to James and said this is not over...I think he just woke up one day and was like this is not right" "James was incredibly classy the entire time. he owned it"

CreativeDude

151,967 görüntüleme • 1 ay önce

Elon Musk on how he makes predictions: I generally try to get the estimate to the nearest order of magnitude. Herbert Ong: “We want to understand how you think. For example, in the Master Plan Part II, you calculated it takes 6 billion of FSD miles driven before maybe the regulators would approve it. How did you know?” Elon: “I generally try to get things to within an order of magnitude. So, it seemed to me like probably, and this was technically in kilometers, but it would be closer to 10 billion kilometers, which is roughly 6 billion miles than it would be to 1 billion. But I thought it would not take 100 billion kilometers. When you're trying to guess something where there's a lot of uncertainty, just try to get the estimate to the nearest order of magnitude, the closest factor of 10. And that's why I said, you know, probably around 10 billion kilometers or 6 billion miles.” Tesla Shareholder Meeting, November 6, 2025

Elon Musk on how he makes predictions: I generally try to get the estimate to the nearest order of magnitude. Herbert Ong: “We want to understand how you think. For example, in the Master Plan Part II, you calculated it takes 6 billion of FSD miles driven before maybe the regulators would approve it. How did you know?” Elon: “I generally try to get things to within an order of magnitude. So, it seemed to me like probably, and this was technically in kilometers, but it would be closer to 10 billion kilometers, which is roughly 6 billion miles than it would be to 1 billion. But I thought it would not take 100 billion kilometers. When you're trying to guess something where there's a lot of uncertainty, just try to get the estimate to the nearest order of magnitude, the closest factor of 10. And that's why I said, you know, probably around 10 billion kilometers or 6 billion miles.” Tesla Shareholder Meeting, November 6, 2025

ELON CLIPS

1,463,033 görüntüleme • 10 ay önce