Shervin Pishevar
👤 PersonAppearances Over Time
Podcast Appearances
If they had stuck by Travis, we would be experiencing what they're all experiencing, which is imagine if Benchmark had kept their ownership of, let's say, 10%. They would have had $100 billion to give to their LPs at this point if they had just not done this.
No, absolutely not. It's absolutely, the answer is no. And the reason is Benchmark invested in March, 2011. So Benchmark invested in March, 2011. I believe it was a $50 million pre-money. Evaluation, they put 10 million in. So they were sitting on a massive win. They were only in the company for like six years when Gurley went after Travis.
No, absolutely not. It's absolutely, the answer is no. And the reason is Benchmark invested in March, 2011. So Benchmark invested in March, 2011. I believe it was a $50 million pre-money. Evaluation, they put 10 million in. So they were sitting on a massive win. They were only in the company for like six years when Gurley went after Travis.
No, absolutely not. It's absolutely, the answer is no. And the reason is Benchmark invested in March, 2011. So Benchmark invested in March, 2011. I believe it was a $50 million pre-money. Evaluation, they put 10 million in. So they were sitting on a massive win. They were only in the company for like six years when Gurley went after Travis.
And typically it takes seven to 10 years to get to liquidity. So it wasn't in the zone or the window where you'd be like 10 years, 12 years, we don't have liquidity, et cetera. It's like, give him four more years. If you had just waited four more years, this would be a trillion dollar company. When you look at that and the impact it would have had on the world, there's no justification for it.
And typically it takes seven to 10 years to get to liquidity. So it wasn't in the zone or the window where you'd be like 10 years, 12 years, we don't have liquidity, et cetera. It's like, give him four more years. If you had just waited four more years, this would be a trillion dollar company. When you look at that and the impact it would have had on the world, there's no justification for it.
And typically it takes seven to 10 years to get to liquidity. So it wasn't in the zone or the window where you'd be like 10 years, 12 years, we don't have liquidity, et cetera. It's like, give him four more years. If you had just waited four more years, this would be a trillion dollar company. When you look at that and the impact it would have had on the world, there's no justification for it.
The perfect storm was that Google at that point saw Travis and Uber and the self-driving initiative that Travis was doing as a threat. Look at what they ultimately did to Anthony Lewandowski, right? Travis recruited. Anthony acquired his company, Otto, which was the self-driving semi-trucks. They went after him. They tried to put him in jail. He was going to go to jail until he got pardoned.
The perfect storm was that Google at that point saw Travis and Uber and the self-driving initiative that Travis was doing as a threat. Look at what they ultimately did to Anthony Lewandowski, right? Travis recruited. Anthony acquired his company, Otto, which was the self-driving semi-trucks. They went after him. They tried to put him in jail. He was going to go to jail until he got pardoned.
The perfect storm was that Google at that point saw Travis and Uber and the self-driving initiative that Travis was doing as a threat. Look at what they ultimately did to Anthony Lewandowski, right? Travis recruited. Anthony acquired his company, Otto, which was the self-driving semi-trucks. They went after him. They tried to put him in jail. He was going to go to jail until he got pardoned.
by Trump in the first administration. And so Google was not in the mood to be trying to do anything favorable at the time for Uber or for Travis. So they were going to stay out of it. Other investors, I was honestly disappointed and shocked that so many were easily manipulated by Gurley and Benchmark, and that they went along with this scheme in the sense that, you know, the letter.
by Trump in the first administration. And so Google was not in the mood to be trying to do anything favorable at the time for Uber or for Travis. So they were going to stay out of it. Other investors, I was honestly disappointed and shocked that so many were easily manipulated by Gurley and Benchmark, and that they went along with this scheme in the sense that, you know, the letter.
by Trump in the first administration. And so Google was not in the mood to be trying to do anything favorable at the time for Uber or for Travis. So they were going to stay out of it. Other investors, I was honestly disappointed and shocked that so many were easily manipulated by Gurley and Benchmark, and that they went along with this scheme in the sense that, you know, the letter.
I don't think anyone knew the extent to which Gurley had executed the strategy of hiring people, private investigators.
I don't think anyone knew the extent to which Gurley had executed the strategy of hiring people, private investigators.
I don't think anyone knew the extent to which Gurley had executed the strategy of hiring people, private investigators.
I mean, I think they took advantage of an accident for sure. It was a architected strategy starting, like I said, January of 2017 to get rid of him. I believe that it was, you know, one of the worst venture decisions ever and value destruction happened for everyone involved. And one venture is too secretive of a industry.
I mean, I think they took advantage of an accident for sure. It was a architected strategy starting, like I said, January of 2017 to get rid of him. I believe that it was, you know, one of the worst venture decisions ever and value destruction happened for everyone involved. And one venture is too secretive of a industry.
I mean, I think they took advantage of an accident for sure. It was a architected strategy starting, like I said, January of 2017 to get rid of him. I believe that it was, you know, one of the worst venture decisions ever and value destruction happened for everyone involved. And one venture is too secretive of a industry.
And that's one of the things I believe is as this kind of story comes out of what exactly happened at Uber and more will come out as our investigation kind of completes now or kind of in the sixth, seventh year and the lawsuit.