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Uber’s valuation started dropping following the departure of the company’s now-former Chief Executive Officer Travis Kalanick, with some of the firm’s investors marking down their stakes in the.
Kalanick’s Ouster As Uber CEO Began With Hand-Delivered Letter. Fidelity Investments, First Round Capital, Lowercase Capital and menlo ventures joined gurley’s firm to endorse the call for Kalanick’s resignation. The shakeup at Uber didn’t stop at Kalanick. On Wednesday, TPG Capital decided to give a board seat to David Trujillo,
The latest feather in its cap is the resignation of CEO Travis Kalanick from the company he founded in 2009, after a veritable shareholder revolt.. Why firing Founder CEOs like Uber’s Travis.
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Kalanick is the co-founder and former CEO of Uber, a position he held from 2010 to 2017. He resigned from Uber in 2017, after controversy over the company’s reported unethical culture, including allegations that he ignored reports of sexual harassment at the company. He remains a shareholder and board-member.
Steve Jennings/Getty Images Uber CEO and cofounder Travis Kalanick. Five years ago, Travis Kalanick launched a startup called UberCab in San Francisco. Fast forward a few years, and Kalanick’s Uber is now one of the hottest companies in Silicon V.
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Uber CEO Travis Kalanick’s Spectacular Flameout. Travis Kalanick shares certain traits with Steve Jobs, including a fierce rule-breaking streak. But the comparisons are thin and of limited value. Jobs built one of the best companies the world has ever seen. Kalanick hasn’t.
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Travis Kalanick, the co-founder and CEO of Uber, has stepped down as the ride-hailing company’s top executive. Brand experts welcome the move, saying it’s the first step Uber needs to reinvent.