Dara sets the tone for Uber's next push, Jason's market prediction, Apple's ML director departs, Internet affordability & more | E1455

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 10 May 2022

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

First, we discuss Uber CEO Dara Khosrowshahi's company-wide email rallying Uber behind a cash-generating vision to court investors (6:30). Then, we cover Apple's machine learning director departing because of the company's work from home policies (43:22) and the White House's negotiation with ISPs for low-cost high-speed internet to pair with the Affordable Connectivity Program (57:00).

(00:00) Jason and Molly intro today’s news stories
(02:30) Jason and Molly catch up
(06:30) Uber CEO Dara Khosrowshahi wrote email employees Sunday night stating Uber needs to increase free cash flow to win support from investors
(11:13) Embroker - Get an extra 10% off insurance for your business at https://Embroker.com/twist
(12:27) Key takeaways from the Uber email
(20:41) Dell For Startups - Apply and get up to 45% off at http://dell.com/twist
(21:53) Jason and Molly’s thoughts on the Uber email
(28:40) Catching up with Producer Nick
(32:36) Ourcrowd - Check out the deal of the week at https://ourcrowd.com/twist
(33:43) Wrapping up the Uber story, final thoughts
(43:22) Apple’s director of ML is leaving the company due to its return to work policy
(55:05) Jason makes some predictions
(57:00) White House announced plans to boost high-speed internet for low-income families

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Transcript

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0:00.0	Hey, everybody, happy Monday.
0:02.5	Big show today, a little bit of backed up news,
0:05.0	but we spend most of our time, actually,
0:06.9	on this huge email, a total level set
0:10.7	from Ubers CEO, Dara Khauser-Sahi.
0:13.0	This is a big one.
0:14.4	Yeah, I mean, he basically looks at
0:16.2	what happened last week when they put out
0:18.2	tremendous revenue numbers, just great numbers,
0:20.8	a great beat for them, and their stock went down,
0:22.6	lifts got crushed, all tech stocks getting crushed,
0:25.1	and he's saying, listen, we gotta tighten up here.
0:27.3	The public market wants something different
0:29.4	that what we're giving them, they want free cash flow,
0:31.4	they want to see the profits,
0:32.7	so we're gonna show them the money,
0:34.2	and he's basically outlining what that means,
0:36.7	practically for the company, and then Molly and I will
0:39.3	talk about some of my predictions,
0:41.6	about layoffs and work from home,
0:44.0	colliding together, and what the next six months
0:45.9	is gonna look like for tech workers and for companies.
	...

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