20VC: Uber CEO, Dara Khosrowshahi on Why Uber Eats is Not Losing the Fight to Doordash | Uber's M&A Strategy; A Scorecard Analysis from Careem to Postmates & Skip | Why Uber's Investment in Scooters was a Mistake | Secret to Marriage, Parenting & High Per
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 637 Ratings
🗓️ 27 March 2023
⏱️ 45 minutes
🧾️ Download transcript
Summary
Dara Khosrowshahi is the CEO of Uber, where he has managed the company’s business in more than 70 countries around the world since 2017. Dara was previously CEO of Expedia, which he grew into one of the world’s largest online travel companies. Dara was promoted to Expedia CEO after serving as the Chief Financial Officer of IAC Travel. Before joining IAC, Dara served as Vice President of Allen & Company and spent a number of years as an analyst. He currently serves on the Board of Directors of Expedia and Catalyst.org and was previously on the board of the New York Times Company.
In Today's Episode with Dara Khosrowshahi We Discuss:
1. From the Iranian Revolution to One of the Most Powerful CEOs:
- What is Dara running from? What is he running towards?
- How did seeing his family lose everything impact his mindset to life and business?
- What are 1-2 of Dara's biggest lessons from working with the legendary Barry Diller?
- How did Daniel Ek @ Spotify convince Dara to take the CEO role at Uber?
2. Dara Khosrowshahi: The Foundations of Great Leadership:
- What does high performance in business mean to Dara?
- Does Dara agree, "the best CEOs are the best resource allocators"?
- Does Dara believe he is a better peacetime or wartime CEO? Which is he at Uber?
- What decision-making framework does Dara use to make really hard decisions?
- How does Dara does what to focus on and what to prioritise?
3. Investments and Acquisitions: The Scorecard:
- Why did Dara decide to make the Kareem acquisition? Has it been successful?
- What was the thinking behind the Postmates acquisition?
- What does Dara believe is the single best acquisitions he has made at Uber?
- What has been the worst acquisition he has made at Uber?
- Why does Dara believe that Uber entering scooters was a mistake?
4. The Future: Food Delivery, Parenting, Marriage:
- What does Dara say to those who suggest Uber Eats has lost the war to Doordash?
- What does Dara believe is the secret to a happy marriage?
- How does Dara define great parenting? What does Dara do to be the best father he can be?
- What would Dara like to improve or change about himself? Why?
Transcript
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| 0:00.0 | Uber definitely has been wartime. Like it's wartime every day. I think the first thing we haven't lost a lead, Uber eats is actually as big as DoorDash on a global basis. And so when we think about Uber, we think globally. We are the global leader along with DoorDash. I think we're winning. And we've learned our lessons locally in the US. And we're going to operate accordingly. This is 20VC with me, Harry Stebbings, and what a show we have in store for a few |
| 0:23.2 | state. I've wanted to do this one for a long time and so I'm so excited to welcome |
| 0:26.7 | Dara Khosra Shahi, CEO of Uber, where he's managed the business in more than 70 countries |
| 0:32.0 | around the world since 2017. Darra was previously CEO of Expedia, which he grew into one of the world's largest online travel companies. |
| 0:40.3 | Before Expedia, Dara was the CFO of IAC travel. |
| 0:43.3 | If all of this wasn't enough, Dara also sits on the board of directors of Expedia and Catalyst.org |
| 0:48.3 | and was previously on the board of The New York Times. |
| 0:51.3 | I'd also want to say a huge thank you to Daniel Eck, Ali and Hattie Potobie, Avi |
| 0:56.0 | at Ontario, and many more for some amazing questions suggestions today. |
| 0:59.6 | But before we dive into the show today, Secureframe is the leading all-in-one platform |
| 1:03.6 | for automated security and privacy compliance. |
| 1:06.5 | Secureframe simplifies and streamlines the process of getting and staying compliant to the most rigorous global privacy and security standards, like SOP2, ISO-2, HIPA, GDPR and others. |
| 1:19.6 | Secureframe's industry-leading compliance automation platform, paired with their in-house compliance experts and former auditors helps you get audit ready |
| 1:28.5 | in weeks, not months, so you can close more deals faster. Secureframe makes it fast and easy |
| 1:34.8 | to achieve and maintain compliance so you can focus on serving your customers and growing |
| 1:39.9 | revenues. Automate your security and privacy compliance with Secureframe. Schedule a demo |
| 1:45.5 | today at Secureframe.com. So if compliance is one thing you always have to prioritize, |
| 1:50.2 | you also always have to prioritize your team and work? Well, it's truly global today, and until |
| 1:55.9 | now there's been no HR platform that's been able to handle everything for everyone, no matter where they are |
| 2:01.6 | in the world. |
| 2:02.6 | Well, Deal does exactly that. |
| 2:03.6 | It handles all things for global teams. |
... |
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