Tech Industry
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Database companies that pay well for Staff SWE
Tech Industry
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451
Bitcoin is the only possible future
Tech Industry
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1 vs 5 Million - no lifestyle change
India
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483
What do vegetarian Indians eat for protein?
Ask Blinders
Yesterday
820
Why is our country owned by Israel? I don't want my tax dollars fund genocide. How can we stop this nonsense?
https://techcrunch.com/2017/08/17/travis-kalanick-strikes-back-against-benchmark-lawsuit-calling-it-a-public-and-personal-attack/ What's happening at Uber with their investor Benchmark and Travis is insane. If I ever started a company and was seeking venture funding. I'm not sure if I'll ever engage with Benchmark.
Lol... Ok
It is part of the deal, maybe the deal is a better valuation for more control or guarantee return, or they are willing to take the chance to invest in your high risk bet.
Yes on two conditions: no board seat and no voting rights. We'll call it class BM preferred stock.
I respect Benchmark for having the balls to call Travis on his bullshit. The guy condoned pulling illegal reports on an Indian women raped, creating a hidden feature to prevent authorities from tracking them, slogging, kept a guy around who wanted to investigate journalist, and the other 20 stories Im missing. Frankly I'm shocked it took this long for somebody to sue him from the investor community.
You clearly haven't read Benchmark's complaint nor TK's motion to dismiss. You're just commenting because you're at Lyft and you know that Benchmark is bad for Uber.
lol I've never liked Travis. I have tons of good friends at Uber and wish nothing but the best for them. Knowing Travis he likely tried to deceive Bill to get them to vote for the board seats.
Majority of times is not that you will have a lot of options to get funding. For those companies that have options i assume benchmark will suffer..
Is Travis such a celebrity to some people that they'd throw away their start up in solidarity? Crazy how folks buy into tech CEO personality cults.
3rd choice : FUCK NO
Are you gonna say the same about the Kapors?
Step aside OP I’ll take their money 💵 THX BAI 👋🏻
What's happening at Uber is pretty crazy. Board member suing portfolio CEO/another board. Other board members asking Benchmark off the board to sell 75% of their holdings.
I responded in the other thread, this is one of benchmarks power plays. getting paid out. at 75% current evaluation they would make around $4-5B from their $12M investment (updated numbers from new news). it's all about the money.