An Open Letter to the Uber Board and Investors
This is a great example of why you should make sure that your goals align with those of your investors.<p>Kapor Capital has a strong focus on social impact companies that benefit the disadvantaged.[1]<p>Travis is a phenomenal salesman and fundraiser. Travis convinced Kapor that, amongst other things, Uber was a platform for democratizing transportation, citing things like racism amongst taxi cabs to spin Uber as social good.<p>So now you have a company that isn&#x27;t actually what it pitched itself to be. For many investors, hyper-growth and skyrocketing valuation will wipe out other concerns around culture, impact, etc.<p>The Kapors are showing (awesomely, in my personal opinion) that they are serious about their social mission. They&#x27;re doing what they can to influence a portfolio company to live up to their expectations. Travis probably doesn&#x27;t like that—it sucks to be called out!—but that&#x27;s why you take investment based on aligned interests and not just awesome salesmanship.<p>[1]: <a href="http:&#x2F;&#x2F;www.kaporcapital.com&#x2F;who-we-are&#x2F;" rel="nofollow">http:&#x2F;&#x2F;www.kaporcapital.com&#x2F;who-we-are&#x2F;</a>