David Senra · Aug 16Excellence Is the Capacity To Take Pain | Travis Kalanick, Founder of Uber
Didi copied Uber's innovations at warrior speed while Uber's China growth went nearly vertical. Chinese sovereign money helped fund rivals to Uber elsewhere, and the Chinese government ultimately favored Didi.
Tips
- Travis Kalanick won Uber's subsidy wars by building an efficiency edge so rivals had to subsidize more▶ 21:53At 10 billion rides a year, a two dollar subsidy per ride would mean $20 billion a year that nobody will fund.
- Travis Kalanick built a Chinese brand by copying nothing and inventing the people's Uber▶ 13:58
- Travis Kalanick learned the China war went global when Chinese sovereign money funded Uber's rivals elsewhere▶ 44:05
