The key value of Uber was its relentless innovation and promise to change the world, which the board forgot when it focused on stability in replacing Kalanick
When Uber hired Dara Khosrowshahi in 2017, the company board was solving the wrong problem. — The ride-hailing app was in the midst … Tweets: @danprimack , @eliotwb , @dkthomp , @mikeisaac , @seldo , @mhdempsey , @stevecheney , @bradleytusk , @hshaban , and @carnage4life Tweets: Dan Primack / @danprimack : Early $UBER investor @bradleytusk largely blames Dara for IPO woes. https://www.ft.com/...Raises 2 issues:1/ Co has technically lost value under Dara.2/ If no rebound, there will become a (small?) grp that calls for Kalanick return. Remember stuff about Steve Jobs'ing it? Eliot Brown / @eliotwb : Uber isn't innovating enough: Bradley Tusk, Uber investor “when you let concerns about appearances govern all of your actions, there will be consequences once the dust settles and the smoke clears.” https://www.ft.com/... Derek Thompson / @dkthomp : I understand WHY the wolves are coming out for Dara Khosrowshahi. Uber's IPO kinda sucked. But I don't understand what critics think it should do. “Tell a better story!” is Biz-speak for “I got no substantive ideas, just want my stock to be higher” https://www.ft.com/... https://twitter.com/... Rat King / @mikeisaac : this is interesting. the anti-dara, pro-travis narrative begins! maybe it'll make things more exciting...whatever your feelings on Travis, tusk has some good points here. Dara can only play the “the building is no longer on fire” card for so longhttps://t.co/1zjSOlida6 Laurie Voss / @seldo : Bradley Tusk thinks the Uber IPO was a flop because dumping Travis Kalanick meant Uber lost “innovation” because of course the idea that it was absurdly over-valued couldn't possibly be the problem. https://www.ft.com/... Michael Dempsey / @mhdempsey : Hot take but I feel like proper analysis/scrutiny hasn't been applied to UberEats (and the international plans) or ATG. One is highest growth opp. One is existential. But mostly we hear about rideshare unit economics and high level numbers around the ancillary businesses. https://twitter.com/... Steve Cheney / @stevecheney : The most asinine revelation from the Uber IPO for me was the absurdity that some Morgan Stanley ‘analyst’ has been valuing Waymo (Google) at $175B. Conclusive proof that the bankers who priced the IPO have zero understanding of the ride-share market or autonomous vehicles... Bradley Tusk / @bradleytusk : Did Uber solve for the wrong problem when hiring a CEO? Choosing narrative over markets may prove costly. New column. Enjoy. https://www.ft.com/... Hamza Shaban / @hshaban : Uber IPO woes stem from a lack of innovation: Replacing Travis Kalanick as chief sapped the company's relentless drive | FT https://www.ft.com/... https://twitter.com/... Dare Obasanjo / @carnage4life : Totally disagree with assessment that Uber IPO didn't meet expectations due to innovation given 1. S-1 hid customer lifetime value, acquisition costs & Uber Eats 2. Lots of competition from Lyft, Didi, etc3. Big bank investors already invested Pre-IPO https://www.ft.com/...