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Previously on Super Pumped...
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He's just gonna see a
guy in his lame jeans
3
00:00:37,162 --> 00:00:38,662
and these fucking shoes.
4
00:00:38,705 --> 00:00:40,224
Yeah, he'll see you're
a dung-colored man.
5
00:00:40,248 --> 00:00:42,498
Your ideas will matter.
Not your clothes.
6
00:00:42,542 --> 00:00:44,462
- He'll see that.
- Grow or die.
7
00:00:44,502 --> 00:00:46,147
- Full access card?
- You come and go
8
00:00:46,171 --> 00:00:47,381
at Uber cab as you please.
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00:00:47,422 --> 00:00:48,566
- One of us?
- Full access.
10
00:00:48,590 --> 00:00:50,180
Nice.
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00:00:50,216 --> 00:00:52,716
Boom! You just got
grey-balled, motherfucker!
12
00:00:52,761 --> 00:00:55,101
[clapping and cheering]
13
00:00:55,138 --> 00:00:56,768
- Is this illegal?
- [laughing]
14
00:00:56,806 --> 00:00:59,556
VCs have a purpose other
than just writing a check.
15
00:00:59,601 --> 00:01:01,271
I have a purpose.
16
00:01:01,311 --> 00:01:03,771
Advising, vision shaping.
17
00:01:03,813 --> 00:01:05,403
Really? You're not owed
18
00:01:05,440 --> 00:01:07,293
anything except a return,
which I will give you.
19
00:01:07,317 --> 00:01:08,737
I'm the one who put you in here,
20
00:01:08,777 --> 00:01:10,129
I'm the one who can
take you out, too.
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00:01:10,153 --> 00:01:12,073
I say we keep Bill
close for now.
22
00:01:12,113 --> 00:01:13,873
But you keep doing
what you're doing.
23
00:01:13,907 --> 00:01:15,027
We're killing it.
24
00:01:15,075 --> 00:01:16,735
- TK, this is...
- Gabi Holzwarth.
25
00:01:16,785 --> 00:01:18,596
- What did you say to her?
- I told her she needed to meet
26
00:01:18,620 --> 00:01:20,410
the next Jeff Bezos.
27
00:01:20,455 --> 00:01:21,932
Hi, what made you choose
Lyft instead of Uber?
28
00:01:21,956 --> 00:01:23,286
It's so much cheaper,
29
00:01:23,333 --> 00:01:24,810
and the drivers
are super friendly.
30
00:01:24,834 --> 00:01:26,634
We make more money.
And we get tips.
31
00:01:26,669 --> 00:01:30,919
These motherfuckers. They're
stealing all my shit!
32
00:01:30,965 --> 00:01:33,675
Oh, we're going to fucking war.
33
00:02:38,032 --> 00:02:41,832
, Everyone's a critic
Looking back up the river.
34
00:02:41,870 --> 00:02:44,250
Every boat is
leaking In this town.
35
00:02:46,124 --> 00:02:47,794
But I found my place.
36
00:02:47,834 --> 00:02:49,844
And it's all right.
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00:02:49,878 --> 00:02:53,418
I got my own way to believe.
38
00:02:53,464 --> 00:02:55,594
It's okay.
39
00:02:55,633 --> 00:02:58,853
Mine is mine and yours
Won't take its place.
40
00:02:58,887 --> 00:03:02,347
Now, make your getaway.
41
00:03:02,390 --> 00:03:05,390
We had 93% of the
market on lock.
42
00:03:05,435 --> 00:03:07,055
We invented this shit.
43
00:03:07,103 --> 00:03:09,063
But now, look at heaven.
44
00:03:09,105 --> 00:03:10,895
Look at what it's telling us.
45
00:03:10,940 --> 00:03:12,751
Our first-mover
advantage is dimming.
46
00:03:12,775 --> 00:03:14,065
And what's taking it?
47
00:03:14,110 --> 00:03:16,070
Lyft.
48
00:03:16,112 --> 00:03:19,372
John fucking Zimmer?
49
00:03:19,407 --> 00:03:22,577
This guy's been drafting on our
speed the whole Tour de France.
50
00:03:22,619 --> 00:03:24,199
He's always been behind us,
51
00:03:24,245 --> 00:03:25,723
and now he's gonna
pretend like he's winning?
52
00:03:25,747 --> 00:03:27,558
I'm the one in the
yellow fucking jersey.
53
00:03:27,582 --> 00:03:29,922
We need to just knock these
assholes off the road.
54
00:03:29,959 --> 00:03:31,999
Are the drivers
the assholes or...?
55
00:03:32,045 --> 00:03:33,705
Lyft, fucker. Lyft.
56
00:03:33,755 --> 00:03:35,915
I am being cucked now.
What are we doing about it?
57
00:03:39,552 --> 00:03:42,222
Well, the drivers
like the optionality.
58
00:03:42,263 --> 00:03:43,741
[Hendricks] We can't stop
our guys from double-apping
59
00:03:43,765 --> 00:03:45,055
and driving for both.
60
00:03:45,099 --> 00:03:47,849
We should just buy
Lyft. Absorb them.
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00:03:47,894 --> 00:03:49,496
We don't have the
war chest for that.
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00:03:49,520 --> 00:03:51,498
- Okay, let's get it.
- [Gurley] Look, who cares
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00:03:51,522 --> 00:03:53,572
about John Zimmer's
little rideshare company?
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00:03:53,608 --> 00:03:55,336
You've got a powerful
brand. Build it.
65
00:03:55,360 --> 00:03:56,570
Keep your focus on that.
66
00:03:56,611 --> 00:03:58,401
Stop obsessing over Lyft.
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00:03:58,446 --> 00:04:00,526
You know, Bill,
I get your point.
68
00:04:00,573 --> 00:04:03,083
But we are in the
war room right now.
69
00:04:03,117 --> 00:04:04,595
And it seems none of you
guys want to go to war,
70
00:04:04,619 --> 00:04:06,499
but that's what this is.
71
00:04:06,537 --> 00:04:07,932
And you don't get it done
with milk and cookies.
72
00:04:07,956 --> 00:04:09,391
You're quoting
Bobby Knight at me?
73
00:04:09,415 --> 00:04:12,285
- Nice.
- Look, you are so fucking good,
74
00:04:12,335 --> 00:04:15,875
but this isn't zero-sum
like a basketball game is.
75
00:04:15,922 --> 00:04:17,222
That's exactly what it is.
76
00:04:17,257 --> 00:04:18,967
Uber right now is
like Google was
77
00:04:19,008 --> 00:04:20,718
at the dawn of search.
78
00:04:20,760 --> 00:04:22,821
One entrant in a crowded
pool. What did Google do?
79
00:04:22,845 --> 00:04:24,114
They flattened
their competitors,
80
00:04:24,138 --> 00:04:25,888
and now they're fucking Google.
81
00:04:25,932 --> 00:04:27,952
Google did it by being better,
not by being Al Capone.
82
00:04:27,976 --> 00:04:29,136
"Don't be evil" ring a bell?
83
00:04:29,185 --> 00:04:30,895
Yeah. Tell that to AltaVista.
84
00:04:34,357 --> 00:04:36,397
It's funny you say
Capone, though.
85
00:04:36,442 --> 00:04:40,532
I remember my parents never
wanted to get us cable
86
00:04:40,571 --> 00:04:41,966
because they thought
we were just, like,
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00:04:41,990 --> 00:04:43,634
watching MTV all
day or something.
88
00:04:43,658 --> 00:04:46,198
But then eventually they
caved when I was, like, seven.
89
00:04:46,244 --> 00:04:49,754
And the first weekend we had it,
90
00:04:49,789 --> 00:04:52,789
my dad found The Untouchables,
91
00:04:52,834 --> 00:04:54,979
because he thought it was
like history or something.
92
00:04:55,003 --> 00:04:56,303
Because, you know, it is.
93
00:04:56,337 --> 00:04:57,957
Okay, right, so my...
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00:04:58,006 --> 00:05:00,756
My dad and Cory and
me were sitting there
95
00:05:00,800 --> 00:05:03,140
watching this, like,
history lesson.
96
00:05:03,177 --> 00:05:04,738
I'd have started you
on The Dirty Dozen,
97
00:05:04,762 --> 00:05:06,142
like my dad did me, but sure.
98
00:05:06,180 --> 00:05:08,520
Okay, but De Niro as Capone.
99
00:05:11,936 --> 00:05:15,646
That banquet scene with the bat.
100
00:05:15,690 --> 00:05:18,780
Capone was just like, walking
101
00:05:18,818 --> 00:05:20,818
talking, and then bam!
102
00:05:20,862 --> 00:05:22,492
Fucking brains that guy.
103
00:05:22,530 --> 00:05:23,820
That shit changed me.
104
00:05:23,865 --> 00:05:25,155
I felt like my skull
105
00:05:25,199 --> 00:05:27,039
that just got hit with a bat.
106
00:05:27,076 --> 00:05:28,679
I couldn't sleep
for, like, a week.
107
00:05:28,703 --> 00:05:30,163
I felt horrible for the guy.
108
00:05:30,204 --> 00:05:31,515
I mean, he just gets
brained at dinner.
109
00:05:31,539 --> 00:05:34,539
But I saw the point.
110
00:05:35,710 --> 00:05:37,250
He had it coming.
111
00:05:37,295 --> 00:05:38,665
Uh, I don't know if he did.
112
00:05:38,713 --> 00:05:39,963
That's not important.
113
00:05:40,006 --> 00:05:42,296
The point is, that shit worked.
114
00:05:42,342 --> 00:05:45,092
You crack a guy's cranium open
115
00:05:45,136 --> 00:05:46,739
between the soup
and the fish dish?
116
00:05:46,763 --> 00:05:49,773
You know, you make an
example of somebody,
117
00:05:49,807 --> 00:05:51,557
people start to fall in line.
118
00:05:53,061 --> 00:05:54,821
That is what needs
to happen here.
119
00:05:56,647 --> 00:05:58,647
Just to clarify,
120
00:05:58,691 --> 00:06:01,571
you want to beat the
drivers into submission?
121
00:06:02,820 --> 00:06:04,490
I want to win.
122
00:06:04,530 --> 00:06:05,660
And disloyalty,
123
00:06:05,698 --> 00:06:07,658
however it shows its face,
124
00:06:07,700 --> 00:06:09,700
that needs to be punished.
125
00:06:09,744 --> 00:06:11,704
Well, we're not the Mob, though.
126
00:06:11,746 --> 00:06:15,376
Okay, but if you don't want to
own this whole fucking business,
127
00:06:15,416 --> 00:06:18,706
like it's prohibition and
we're the only ones making gin,
128
00:06:18,753 --> 00:06:20,883
then why are we here?
129
00:06:22,965 --> 00:06:24,735
[Gabi] You threatened
them with a baseball bat?
130
00:06:24,759 --> 00:06:27,219
No, not them... exactly.
131
00:06:27,261 --> 00:06:28,851
It was a meta...
132
00:06:30,139 --> 00:06:31,349
What I'm saying is,
133
00:06:31,391 --> 00:06:34,061
sometimes fear works.
134
00:06:36,187 --> 00:06:37,857
Not that it... I don't know.
135
00:06:37,897 --> 00:06:39,041
I don't know what I'm saying.
136
00:06:39,065 --> 00:06:42,485
You make me nervous.
137
00:06:42,527 --> 00:06:45,907
No, I don't, but
it's a good line.
138
00:06:45,947 --> 00:06:48,527
[chuckles] Every
once in a while.
139
00:06:51,119 --> 00:06:53,959
So tell me about the violin.
140
00:06:56,958 --> 00:06:58,248
[sighs]
141
00:06:58,292 --> 00:07:01,592
I guess I didn't know
142
00:07:01,629 --> 00:07:04,009
that I really wanted
to play at first.
143
00:07:04,048 --> 00:07:05,678
It felt like homework.
144
00:07:05,716 --> 00:07:08,716
And eventually, it
became my best friend.
145
00:07:08,761 --> 00:07:12,561
Plus, playing, you burn
almost 200 calories an hour.
146
00:07:12,598 --> 00:07:14,678
Is that right?
147
00:07:14,725 --> 00:07:16,935
What else do I need
to know about you?
148
00:07:20,648 --> 00:07:24,278
Maybe that I'm surprised
that we're here together.
149
00:07:24,318 --> 00:07:26,028
When we met, we
spoke so briefly.
150
00:07:26,070 --> 00:07:29,070
I didn't know what you thought.
151
00:07:29,115 --> 00:07:30,795
I was surprised when
you came and found me
152
00:07:30,825 --> 00:07:32,785
playing at the farmer's market.
153
00:07:34,287 --> 00:07:36,037
No, you weren't.
154
00:07:36,080 --> 00:07:37,170
But it's a good line.
155
00:07:37,206 --> 00:07:38,706
[chuckles]
156
00:07:38,749 --> 00:07:40,310
- Every once in a while.
- Uh-huh.
157
00:07:40,334 --> 00:07:41,544
[laughs]
158
00:07:41,586 --> 00:07:42,626
Here you are.
159
00:07:42,670 --> 00:07:43,960
Thank you.
160
00:07:45,214 --> 00:07:47,264
So, what do you play
161
00:07:47,300 --> 00:07:50,140
to burn off the best
meal in the Bay Area?
162
00:07:53,389 --> 00:07:55,309
Uh...
163
00:07:55,349 --> 00:07:57,019
"Sibelius," probably.
164
00:07:57,059 --> 00:07:59,229
The concerto in D minor
if we're having dessert.
165
00:07:59,270 --> 00:08:00,610
[laughs]
166
00:08:00,646 --> 00:08:02,458
Okay, hold on, I need
the full download
167
00:08:02,482 --> 00:08:04,168
on everything I
need to listen to
168
00:08:04,192 --> 00:08:06,782
so I can know how great you are.
169
00:08:06,819 --> 00:08:08,649
Thank God for Ek.
170
00:08:08,696 --> 00:08:10,156
Ek?
171
00:08:10,198 --> 00:08:12,578
Yeah. Ek is a founder, like me.
172
00:08:12,617 --> 00:08:15,447
I actually tried to crack
this space with the company,
173
00:08:15,495 --> 00:08:16,825
but Ek did it.
174
00:08:16,871 --> 00:08:19,081
It's Spotify. See,
look, you just, uh,
175
00:08:19,123 --> 00:08:21,673
put in everything there
that I need to listen to.
176
00:08:32,136 --> 00:08:33,596
I can tell you're thinking hard.
177
00:08:33,638 --> 00:08:35,008
[laughs]
178
00:08:35,056 --> 00:08:36,556
It's important.
179
00:08:38,809 --> 00:08:40,599
What are you doing?
180
00:08:40,645 --> 00:08:43,185
I'm just putting in a code
to give you free Uber.
181
00:08:45,691 --> 00:08:46,981
I prefer Lyft.
182
00:08:49,070 --> 00:08:51,360
[snickers]
183
00:08:51,405 --> 00:08:53,525
- Careful.
- [giggling]
184
00:08:58,246 --> 00:08:59,536
Come on in.
185
00:09:01,165 --> 00:09:04,205
Sorry, I've, uh, sort
of been in work mode.
186
00:09:08,089 --> 00:09:09,379
I've seen worse.
187
00:09:10,758 --> 00:09:12,588
I call this place my Jam Pad.
188
00:09:15,263 --> 00:09:17,063
I think I'll kiss you anyway.
189
00:09:17,098 --> 00:09:18,598
[laughs]
190
00:09:33,239 --> 00:09:35,319
[seagulls squawking]
191
00:09:38,911 --> 00:09:40,751
[Tarantino] Portrait
of a man at war.
192
00:09:40,788 --> 00:09:43,328
Yeah, that's great. Nice.
193
00:09:43,374 --> 00:09:44,834
Well, I'm not at war.
194
00:09:44,875 --> 00:09:46,103
I'm sitting in a booth somewhere
195
00:09:46,127 --> 00:09:47,707
telling you about this guy
196
00:09:47,753 --> 00:09:51,343
who is, in fact, very
much at fucking war.
197
00:09:51,382 --> 00:09:52,932
Are we doing it?
198
00:09:52,967 --> 00:09:55,297
We're doing it.
199
00:09:55,344 --> 00:09:57,854
They say good wars,
winnable ones,
200
00:09:57,888 --> 00:10:00,598
are fought on a single front.
201
00:10:00,641 --> 00:10:03,941
But what if you have to win
on all the fucking fronts?
202
00:10:03,978 --> 00:10:06,608
New plan. We're gonna step
up the information technology
203
00:10:06,647 --> 00:10:08,687
on our drivers.
204
00:10:08,733 --> 00:10:11,403
You mean surveillance.
205
00:10:11,444 --> 00:10:13,404
We don't have to
use words like that.
206
00:10:28,002 --> 00:10:29,632
- Hello.
- Hey, there.
207
00:10:39,764 --> 00:10:42,314
So, uh, you like driving?
208
00:10:42,350 --> 00:10:43,600
It's a good way to meet people.
209
00:10:43,643 --> 00:10:45,393
Yeah, I bet.
210
00:10:45,436 --> 00:10:47,306
And, uh, San Francisco,
211
00:10:47,355 --> 00:10:49,975
you probably get a
lot of crazies, huh?
212
00:10:53,527 --> 00:10:55,172
You think we can modify
having to figure out
213
00:10:55,196 --> 00:10:57,026
who the double-appers are?
214
00:10:57,073 --> 00:10:58,508
Snoop around in our
drivers' phones,
215
00:10:58,532 --> 00:11:00,492
see if they ever
used the Lyft app.
216
00:11:00,534 --> 00:11:02,204
Might be doable.
217
00:11:02,244 --> 00:11:03,704
Might cross the line.
218
00:11:05,915 --> 00:11:08,875
Might be a good time to consider
the business you've chosen.
219
00:11:14,006 --> 00:11:16,006
[typing]
220
00:11:17,885 --> 00:11:20,295
And what if it's
not a finite war,
221
00:11:20,346 --> 00:11:22,676
but a forever war?
222
00:11:22,723 --> 00:11:24,893
Well, then you do
what you have to,
223
00:11:24,934 --> 00:11:27,404
and anyone calls you
out on the morality,
224
00:11:27,436 --> 00:11:29,414
that motherfucker is
either a child, an enemy,
225
00:11:29,438 --> 00:11:30,858
or a fucking traitor.
226
00:11:30,898 --> 00:11:34,858
So I see you have both
logos and both apps.
227
00:11:34,902 --> 00:11:38,822
But you're not more of
a Lyft guy, are you?
228
00:11:38,864 --> 00:11:41,704
Just asking, because I
happen to know that Uber
229
00:11:41,742 --> 00:11:46,412
has some very special incentives
coming online right now.
230
00:11:50,251 --> 00:11:51,791
[laughs]
231
00:11:51,836 --> 00:11:52,916
Okay, okay, hold on.
232
00:11:56,382 --> 00:11:58,512
- Halas.
- You quit?
233
00:11:58,551 --> 00:12:00,221
I quit Lyft.
234
00:12:00,261 --> 00:12:03,391
The bonuses Uber is
offering, you have no idea.
235
00:12:03,431 --> 00:12:06,101
We are thrilled to have
you exclusive to Uber.
236
00:12:06,142 --> 00:12:07,703
- Twenty dollars a mile?
- Yeah.
237
00:12:07,727 --> 00:12:09,621
And the price for the
rider stays the same.
238
00:12:09,645 --> 00:12:12,855
We just appreciate your loyalty.
239
00:12:12,898 --> 00:12:16,068
And, uh, tell all
your friends, okay?
240
00:12:16,110 --> 00:12:18,400
So they are just
giving away money?
241
00:12:18,446 --> 00:12:20,276
No, no, no, habiti.
242
00:12:20,322 --> 00:12:22,912
They're giving away money to us.
243
00:12:22,950 --> 00:12:24,540
It's very different.
244
00:12:26,287 --> 00:12:28,577
[Travis, laughing]
Fucking work-life balance.
245
00:12:28,622 --> 00:12:30,342
If I hear those
three words again...
246
00:12:32,293 --> 00:12:33,923
- What's up?
- We can find them now,
247
00:12:33,961 --> 00:12:36,091
the double-appers.
Pretty soon, anyway.
248
00:12:36,130 --> 00:12:38,108
We won't have to go one
by one from the field.
249
00:12:38,132 --> 00:12:40,012
We can do it all from here.
250
00:12:40,050 --> 00:12:41,945
And they'll never know
we're scanning their phones?
251
00:12:41,969 --> 00:12:44,179
Hold on, well, if we
can get in their phones,
252
00:12:44,221 --> 00:12:45,741
we can turn on the
mics and the cameras.
253
00:12:45,765 --> 00:12:47,765
We can find out
who's taking Lyft?
254
00:12:47,808 --> 00:12:49,268
Can.
255
00:12:49,310 --> 00:12:50,746
Not sure I'd want
to see what happens
256
00:12:50,770 --> 00:12:52,100
in the back of those cars.
257
00:12:53,773 --> 00:12:56,153
[crying]
258
00:13:01,155 --> 00:13:03,155
- She's the prettier one.
- Yeah, I know.
259
00:13:03,199 --> 00:13:04,329
Look, I can't help it.
260
00:13:04,366 --> 00:13:06,446
You are insecure
about this shit.
261
00:13:06,494 --> 00:13:07,954
What am I supposed to say?
262
00:13:07,995 --> 00:13:10,405
No, you look like
shit in that bikini?
263
00:13:18,506 --> 00:13:20,126
Oh, it's all right.
264
00:13:20,174 --> 00:13:22,184
It's all right.
265
00:13:22,218 --> 00:13:23,838
Sometimes I wish you were dead.
266
00:13:23,886 --> 00:13:26,136
Great. Fucking
wonder... You know what?
267
00:13:26,180 --> 00:13:28,020
Sometimes, I wish
I was dead too.
268
00:13:28,057 --> 00:13:29,307
[mumbling]
269
00:13:29,350 --> 00:13:30,980
[all] Oh!
270
00:13:31,018 --> 00:13:32,388
Dude!
271
00:13:32,436 --> 00:13:33,726
[laughs]
272
00:13:33,771 --> 00:13:37,231
Whoa, shake that thing now.
273
00:13:37,274 --> 00:13:39,494
- Shake that thing.
- Baby, shake that thing now.
274
00:13:39,527 --> 00:13:41,487
Shake that thing
Baby, shake that thing
275
00:13:41,529 --> 00:13:44,159
Austin sent out street teams to
request and cancel Lyft rides,
276
00:13:44,198 --> 00:13:45,801
which peels off
some of the drivers.
277
00:13:45,825 --> 00:13:47,985
Now, this is the same
idea, just less analog.
278
00:13:48,035 --> 00:13:50,013
Let's go. By the way, did
she move to the regulators?
279
00:13:50,037 --> 00:13:51,657
Yep.
280
00:13:51,705 --> 00:13:53,350
[Tarantino] So now
you got your espionage
281
00:13:53,374 --> 00:13:56,174
with a solid helping
of clandestine attacks.
282
00:13:56,210 --> 00:13:58,340
And then, of course,
283
00:13:58,379 --> 00:13:59,839
you've got your frontal attack.
284
00:13:59,880 --> 00:14:02,630
- Miss Geidt.
- My team took 20 Lyft rides
285
00:14:02,675 --> 00:14:04,795
over the past 24 hours,
286
00:14:04,844 --> 00:14:08,184
which means we got in the back
of Class C licensed vehicles,
287
00:14:08,222 --> 00:14:11,852
driven by regular old
civilians for Lyft.
288
00:14:11,892 --> 00:14:14,192
Well, unless you were forced
by gunpoint, I don't...
289
00:14:14,228 --> 00:14:16,708
Just wondering when you're
gonna start enforcing the law.
290
00:14:19,775 --> 00:14:24,025
We are monitoring the
situation very closely.
291
00:14:24,071 --> 00:14:26,621
Yeah, I can tell.
292
00:14:28,742 --> 00:14:32,082
The thing is, we care too
much about passenger safety
293
00:14:32,121 --> 00:14:35,171
to let Betty the soccer mom
turn her Prius into a cab
294
00:14:35,207 --> 00:14:36,997
to pay for her Vicodin habit,
295
00:14:37,042 --> 00:14:39,592
but you've got us
considering it.
296
00:14:39,628 --> 00:14:44,168
Well, I will certainly
alert the soccer moms ASAP.
297
00:14:44,216 --> 00:14:46,966
Though I have a feeling
298
00:14:47,011 --> 00:14:49,141
the drivers aren't
the middle-aged,
299
00:14:49,179 --> 00:14:51,309
drug-addled dilettantes
you're conjuring,
300
00:14:51,348 --> 00:14:54,848
but more the working poor
who are busting their heinies
301
00:14:54,894 --> 00:14:57,064
hustling to fill in the blanks
302
00:14:57,104 --> 00:15:00,734
so that maybe they can get a
decent meal for their kids.
303
00:15:00,774 --> 00:15:04,074
Not so much to buy
a few more Norcos.
304
00:15:04,111 --> 00:15:05,611
[scoffs]
305
00:15:06,780 --> 00:15:08,490
This goes one of two ways.
306
00:15:08,532 --> 00:15:10,742
You start enforcing
the laws on Lyft,
307
00:15:10,784 --> 00:15:13,544
or we have justification
to break those same laws.
308
00:15:13,579 --> 00:15:17,419
And once we start, we
won't stop like Lestat
309
00:15:17,458 --> 00:15:18,748
after a taste of blood,
310
00:15:18,792 --> 00:15:21,212
or teenage boys with YouPorn.
311
00:15:24,173 --> 00:15:25,883
Do me a favor.
312
00:15:25,925 --> 00:15:30,295
Wait five minutes before
you call Zimmer to tell him.
313
00:15:30,346 --> 00:15:32,716
[Tarantino] So now they
know you're after them,
314
00:15:32,765 --> 00:15:34,725
and that you have your
forces mobilizing.
315
00:15:34,767 --> 00:15:37,807
[Gurley] Wars are expensive,
and this one's no different.
316
00:15:37,853 --> 00:15:39,831
These driver incentives
are getting very pricey.
317
00:15:39,855 --> 00:15:42,775
- You're still with me on this?
- In theory, absolutely.
318
00:15:42,816 --> 00:15:45,316
It'd be damn nice
to take out Lyft.
319
00:15:45,361 --> 00:15:48,071
But in practice, we may
be financing something
320
00:15:48,113 --> 00:15:50,323
that only ends in
a bloody stalemate.
321
00:15:52,993 --> 00:15:56,123
We think it's time for a raise
round to fill the coffers.
322
00:15:56,163 --> 00:15:58,213
- [Fenton] A road show.
- [Travis] Oh, no, no.
323
00:15:58,248 --> 00:16:00,628
I need to be at the conn,
not out begging for capital
324
00:16:00,668 --> 00:16:03,128
- we don't actively need.
- Show him the list.
325
00:16:07,257 --> 00:16:09,235
We raise enough money
to actually beat Lyft
326
00:16:09,259 --> 00:16:11,488
instead of pissing away
money pissing them off.
327
00:16:11,512 --> 00:16:14,642
Kleiner, Excel,
TPG and Greylock.
328
00:16:14,682 --> 00:16:17,562
This is a little
anemic, don't you think?
329
00:16:17,601 --> 00:16:19,481
No.
330
00:16:19,520 --> 00:16:22,480
That is spinach and prime
USDA beef right there.
331
00:16:22,523 --> 00:16:24,153
[chuckles]
332
00:16:24,191 --> 00:16:28,111
$350 million on the table
if you close all those.
333
00:16:28,153 --> 00:16:30,323
What about Google Ventures?
334
00:16:33,784 --> 00:16:35,220
Well, they haven't
raised their hand yet.
335
00:16:35,244 --> 00:16:36,834
Well, make them
raise their hand.
336
00:16:36,870 --> 00:16:38,640
That's your special talent
right? You're Bill Gurley.
337
00:16:38,664 --> 00:16:40,850
Truth is, I don't want them
to. Not at the moment yet.
338
00:16:40,874 --> 00:16:42,544
I do.
339
00:16:42,584 --> 00:16:45,254
David Drummond and
Google Ventures rolls in?
340
00:16:45,295 --> 00:16:47,565
Come on, we're minted. That
sends a message to the valley.
341
00:16:47,589 --> 00:16:49,150
The whole business world.
That we're special.
342
00:16:49,174 --> 00:16:51,844
That we're not Lyft.
343
00:16:51,885 --> 00:16:53,845
Here's how Google rolls.
344
00:16:53,887 --> 00:16:55,699
They're going to insist on
being your lead investor
345
00:16:55,723 --> 00:16:57,353
on the first round.
346
00:16:57,391 --> 00:16:59,536
They'll limit their spend
to $100 million tops.
347
00:16:59,560 --> 00:17:01,162
That's all they'll
shoot their first hand.
348
00:17:01,186 --> 00:17:04,016
Stops everyone else
from going beyond that.
349
00:17:04,064 --> 00:17:06,944
They will bigfoot you,
they will lowball you,
350
00:17:06,984 --> 00:17:08,574
and you'll be screwed.
351
00:17:10,070 --> 00:17:11,820
You ever been to a rodeo?
352
00:17:11,864 --> 00:17:13,374
[chuckles]
353
00:17:13,407 --> 00:17:15,218
Went to a pie-eating
contest once.
354
00:17:15,242 --> 00:17:17,332
I got messy and sick, but I won.
355
00:17:17,369 --> 00:17:19,619
Yeah, well, at a rodeo,
356
00:17:19,663 --> 00:17:21,213
all the young riders,
357
00:17:21,248 --> 00:17:23,538
they always want to climb
onto the rankest bull
358
00:17:23,584 --> 00:17:25,384
to, you know, prove themselves,
359
00:17:25,419 --> 00:17:28,919
but it's best to get
yourself seasoned first,
360
00:17:28,964 --> 00:17:31,184
because bull's always
gonna be there.
361
00:17:31,216 --> 00:17:34,136
But you ride too soon,
you might not be.
362
00:17:34,178 --> 00:17:35,968
[Travis] And if
I finish the ride
363
00:17:36,013 --> 00:17:37,365
and I win the big
shiny belt buckle,
364
00:17:37,389 --> 00:17:38,889
then I'm a legend, right?
365
00:17:38,932 --> 00:17:40,562
So I'm not seeing the downside.
366
00:17:40,601 --> 00:17:42,601
Word gets around that
they turned you down.
367
00:17:42,644 --> 00:17:45,694
It will snuff a lot of
possibilities, Travis.
368
00:17:45,731 --> 00:17:47,191
TPG, others on that list.
369
00:17:47,232 --> 00:17:48,862
It starts a trend.
370
00:17:48,901 --> 00:17:51,031
And word always gets around.
371
00:17:57,201 --> 00:17:59,541
Pretty good list, TK.
372
00:17:59,578 --> 00:18:01,208
And you know we'll kill it.
373
00:18:08,253 --> 00:18:10,423
All right, fine. Road show.
374
00:18:10,464 --> 00:18:12,554
Let's book it.
375
00:18:12,591 --> 00:18:14,511
All right then.
376
00:18:18,472 --> 00:18:19,812
Open it.
377
00:18:20,766 --> 00:18:22,266
What is this?
378
00:18:25,145 --> 00:18:28,935
[gasps] Oh, shit.
379
00:18:28,982 --> 00:18:30,572
What... what made
you do this...?
380
00:18:30,609 --> 00:18:31,961
You said that you're
doing a road show,
381
00:18:31,985 --> 00:18:34,395
so you got to look, you know...
382
00:18:34,446 --> 00:18:36,236
Yeah.
383
00:18:36,281 --> 00:18:38,081
So I'm not a dun-colored mare?
384
00:18:41,328 --> 00:18:44,368
It's, uh, Salinger.
385
00:18:44,414 --> 00:18:46,964
Oh, I didn't like
Catcher in the Rye.
386
00:18:47,000 --> 00:18:49,210
It was overrated to me,
so I skipped the others.
387
00:18:49,253 --> 00:18:50,803
Worth it?
388
00:18:52,297 --> 00:18:54,167
Uh, yeah.
389
00:18:54,216 --> 00:18:56,586
I mean, I guess.
390
00:18:56,635 --> 00:19:00,305
But thank you so
much for the shoes.
391
00:19:00,347 --> 00:19:02,467
It's so sweet of you.
392
00:19:04,017 --> 00:19:05,347
You're welcome.
393
00:19:46,977 --> 00:19:48,727
[beeping]
394
00:19:59,281 --> 00:20:01,161
[computer chiming]
395
00:20:03,285 --> 00:20:04,615
Hey.
396
00:20:04,661 --> 00:20:07,291
Hey. You okay?
397
00:20:07,331 --> 00:20:11,041
Yeah, you know, you
left these Polaroids
398
00:20:11,084 --> 00:20:12,964
from the Tahoe trip?
399
00:20:13,003 --> 00:20:15,923
Yeah. You can keep
them if you want.
400
00:20:16,924 --> 00:20:18,804
Okay, well
401
00:20:18,842 --> 00:20:21,932
also, they're here
if you want them.
402
00:20:23,764 --> 00:20:25,524
It's a pretty awesome trip.
403
00:20:25,557 --> 00:20:27,397
You called to talk
about traveling?
404
00:20:31,230 --> 00:20:32,690
We're doing a road show.
405
00:20:32,731 --> 00:20:35,071
Or I said I would do it,
406
00:20:35,108 --> 00:20:36,920
but I think I could
probably walk it back.
407
00:20:36,944 --> 00:20:38,494
Why would you?
408
00:20:40,781 --> 00:20:42,425
Zimmer's gonna
find out about it,
409
00:20:42,449 --> 00:20:44,219
and he'll know I need
money to beat him.
410
00:20:44,243 --> 00:20:45,913
It just feels weak.
411
00:20:47,788 --> 00:20:51,248
You don't like asking for money,
because it makes you feel needy.
412
00:20:51,291 --> 00:20:54,751
And you don't want to need
anything from anybody.
413
00:20:55,837 --> 00:20:59,087
But tell yourself this.
414
00:20:59,132 --> 00:21:03,392
Soon enough, you'll never have
to ask for anything ever again.
415
00:21:03,428 --> 00:21:04,758
And you know when that is.
416
00:21:04,805 --> 00:21:06,095
After this round,
417
00:21:06,139 --> 00:21:07,719
this meeting, this money close.
418
00:21:07,766 --> 00:21:09,426
Yeah, I can't wait for that.
419
00:21:09,476 --> 00:21:10,936
This is your ticket.
420
00:21:10,978 --> 00:21:12,768
And it's not a scratch-off.
421
00:21:12,813 --> 00:21:14,499
You already have the magic
numbers in your head.
422
00:21:14,523 --> 00:21:16,113
You know what to fill out.
423
00:21:16,149 --> 00:21:18,149
But you need to get the
guy to hand it to you.
424
00:21:19,152 --> 00:21:21,282
Yeah, exactly.
425
00:21:21,321 --> 00:21:24,161
See? As usual.
426
00:21:24,199 --> 00:21:25,949
[laughs] Exactly.
427
00:21:32,958 --> 00:21:34,248
How are you?
428
00:21:34,293 --> 00:21:36,633
New place okay?
429
00:21:37,504 --> 00:21:39,134
Yeah, it's great.
430
00:21:39,172 --> 00:21:41,432
Uh, would have loved
something a little bigger.
431
00:21:41,466 --> 00:21:43,296
Wow, subtle.
432
00:21:43,343 --> 00:21:45,143
What?
433
00:21:45,178 --> 00:21:47,240
I don't know, you're telling
me to convince people
434
00:21:47,264 --> 00:21:48,774
to put money into Uber,
435
00:21:48,807 --> 00:21:50,660
but then you want me to
take money out of Uber
436
00:21:50,684 --> 00:21:53,274
and sell some of my
shares so I can pay you.
437
00:21:53,312 --> 00:21:54,982
Don't. Fucking don't.
438
00:21:55,022 --> 00:21:58,322
I'm just saying... look, you...
You told me to stay here.
439
00:21:58,358 --> 00:21:59,877
You said you wanted
to find a new spot.
440
00:21:59,901 --> 00:22:02,005
- You said you would buy me out.
- I will.
441
00:22:02,029 --> 00:22:05,319
Okay, so stop accusing me of
being some kind of Valkyrie.
442
00:22:10,203 --> 00:22:11,503
I should go.
443
00:22:11,538 --> 00:22:12,868
Whoa, whoa, whoa.
444
00:22:12,914 --> 00:22:14,464
You're gonna leave it like that?
445
00:22:14,499 --> 00:22:16,039
Do you want to
consider for a second
446
00:22:16,084 --> 00:22:17,854
you just got into
my head right now?
447
00:22:17,878 --> 00:22:19,480
You're like Lancaster Dodd
from the fucking Master.
448
00:22:19,504 --> 00:22:21,724
Travis, you're no Freddie Quell.
449
00:22:21,757 --> 00:22:23,568
You can handle this
without making yourself
450
00:22:23,592 --> 00:22:25,012
a torpedo juice cocktail.
451
00:22:25,052 --> 00:22:27,012
- Okay, fine.
- Hey
452
00:22:30,724 --> 00:22:32,854
you're going to
be great at this.
453
00:22:32,893 --> 00:22:34,643
I promise.
454
00:22:34,686 --> 00:22:36,436
You can do this.
455
00:22:39,191 --> 00:22:40,691
Thank you.
456
00:22:44,488 --> 00:22:45,778
[computer chimes]
457
00:22:53,413 --> 00:22:54,793
Here you go, guys.
458
00:22:54,831 --> 00:22:56,381
[Travis] Thank you.
459
00:22:56,416 --> 00:22:57,706
Thanks.
460
00:22:57,751 --> 00:22:59,591
Here.
461
00:23:08,887 --> 00:23:10,807
Kalanick, right?
462
00:23:13,558 --> 00:23:15,728
Emil Michael.
463
00:23:15,769 --> 00:23:17,399
And you guys are...?
464
00:23:17,437 --> 00:23:19,227
InfoVis.
465
00:23:19,272 --> 00:23:20,522
Never heard of it.
466
00:23:20,565 --> 00:23:23,065
B2B.
467
00:23:23,110 --> 00:23:25,740
Crowd analytics.
468
00:23:28,407 --> 00:23:30,197
Hasn't been a great run for us.
469
00:23:30,242 --> 00:23:35,372
That's really surprising given
the confidence you're emanating.
470
00:23:40,127 --> 00:23:42,087
You probably walk in, and
they hand you a check.
471
00:23:42,129 --> 00:23:43,459
[chuckles]
472
00:23:44,965 --> 00:23:46,675
Usually.
473
00:23:48,301 --> 00:23:50,113
You didn't do your
homework, Travis.
474
00:23:50,137 --> 00:23:52,927
- All I do is homework. Come on.
- Regulators, taxicab commissions
475
00:23:52,973 --> 00:23:54,784
are gonna do all they
can to shut you down.
476
00:23:54,808 --> 00:23:56,869
There's not gonna be a problem.
You know I'm a survivor.
477
00:23:56,893 --> 00:23:58,955
At Swoosh you almost
did not survive, man.
478
00:23:58,979 --> 00:24:01,249
- That was ahead of its time.
- I looked at your projections.
479
00:24:01,273 --> 00:24:03,126
You have to spend at least
five times more marketing
480
00:24:03,150 --> 00:24:04,752
just to have anybody
know who you are.
481
00:24:04,776 --> 00:24:06,629
I'm gonna raise all that.
That's gonna be fun.
482
00:24:06,653 --> 00:24:08,297
Yeah, you know how
much fucking money
483
00:24:08,321 --> 00:24:10,258
you're going to have to
raise? You know my rule.
484
00:24:10,282 --> 00:24:12,832
We went through this in Red
Swoosh over and over again.
485
00:24:12,868 --> 00:24:15,138
I am not going to invest in a
company where you have to raise
486
00:24:15,162 --> 00:24:16,792
hundreds of millions of dollars
487
00:24:16,830 --> 00:24:18,474
to do tens of millions
of dollars in revenues.
488
00:24:18,498 --> 00:24:20,476
Bro, we are going to be
making billions of dollars.
489
00:24:20,500 --> 00:24:22,670
This idea is much
bigger than Red Swoosh.
490
00:24:22,711 --> 00:24:25,261
- You know that.
- Billions in revenues, maybe.
491
00:24:25,297 --> 00:24:27,483
But you're going to have to
spend billions of dollars
492
00:24:27,507 --> 00:24:29,467
to get there, and I'll
get diluted to nothing.
493
00:24:29,509 --> 00:24:31,654
I don't... what's the point
of making an investment
494
00:24:31,678 --> 00:24:34,258
in a company where I
put in a lot of money,
495
00:24:34,306 --> 00:24:35,716
and I end up with zip?
496
00:24:35,765 --> 00:24:37,845
If you pass on this right now,
497
00:24:37,893 --> 00:24:39,773
I'm never coming back to you.
498
00:24:39,811 --> 00:24:42,651
Guess what, Travis. I just did.
499
00:24:46,276 --> 00:24:47,396
[sighs]
500
00:24:49,988 --> 00:24:51,568
[man] Hello, InfoVis.
501
00:24:51,615 --> 00:24:54,235
We are ready to go.
Please follow me.
502
00:25:02,375 --> 00:25:04,415
I told you we came too early.
503
00:25:04,461 --> 00:25:06,272
Yeah, I don't want to
rush and get sweaty.
504
00:25:06,296 --> 00:25:07,773
Some of these places
got leather seats,
505
00:25:07,797 --> 00:25:11,007
and the leather and the
sweat... not a fun combo.
506
00:25:17,349 --> 00:25:19,349
Oh, shit! Sorry.
507
00:25:20,393 --> 00:25:21,853
[laughs]
508
00:25:21,895 --> 00:25:23,305
Travis?
509
00:25:23,355 --> 00:25:25,065
- Zimmer.
- Yeah.
510
00:25:28,068 --> 00:25:29,738
Uh, I know.
511
00:25:29,778 --> 00:25:31,458
But we loved your
campaign that much.
512
00:25:31,488 --> 00:25:34,028
Figure we can't ignore
we're in a dogfight,
513
00:25:34,074 --> 00:25:35,534
might as well lean in.
514
00:25:35,575 --> 00:25:36,802
And the VCs seem
to get it so far.
515
00:25:36,826 --> 00:25:38,116
[Kate] Yeah, my, uh...
516
00:25:38,161 --> 00:25:39,661
My shirt's our closer.
517
00:25:39,704 --> 00:25:41,599
Though I guess technically,
it's your shirt.
518
00:25:41,623 --> 00:25:43,713
- So thank you.
- [both laugh]
519
00:25:43,750 --> 00:25:45,710
Hey, good luck in there.
520
00:25:49,589 --> 00:25:51,379
[Kate] He's taller
than I thought.
521
00:26:00,433 --> 00:26:05,273
I just need to get in your
Wi-Fi and I'll be set.
522
00:26:09,776 --> 00:26:14,156
Travis, Emil, the team and
I are excited you came in.
523
00:26:17,033 --> 00:26:20,753
Yeah, no, I don't think so.
524
00:26:22,872 --> 00:26:24,475
You guys just had
a company in here
525
00:26:24,499 --> 00:26:26,919
I don't even want to be
in the same room with.
526
00:26:26,960 --> 00:26:28,630
I mean, I get it, right?
527
00:26:28,670 --> 00:26:30,940
Companies have to donate to
Republicans and to Democrats
528
00:26:30,964 --> 00:26:33,934
so you're greased in with
whoever wins, but you
529
00:26:33,967 --> 00:26:35,887
you're VCs.
530
00:26:35,927 --> 00:26:38,197
You're supposed to believe in
the company you put money into,
531
00:26:38,221 --> 00:26:39,865
not just protect yourself
in the possibility
532
00:26:39,889 --> 00:26:41,219
you made the wrong call.
533
00:26:43,810 --> 00:26:48,820
So your pitch is we go with
you or Lyft, but not both?
534
00:26:53,320 --> 00:26:55,820
I'm gonna make it easy
for you. We're done here.
535
00:26:57,949 --> 00:26:59,369
Thanks for the water.
536
00:27:04,122 --> 00:27:06,462
Cancel the meetings.
537
00:27:06,499 --> 00:27:08,499
- Which?
- All of them.
538
00:27:09,502 --> 00:27:12,262
That's fucking genius.
539
00:27:12,297 --> 00:27:13,967
[laughs]
540
00:27:14,007 --> 00:27:15,985
That's fucking insane. You
canceled the road show?
541
00:27:16,009 --> 00:27:18,321
- You don't want to do the raise?
- No, no, no. We're doing it.
542
00:27:18,345 --> 00:27:20,465
Bill, look, it's like,
you ever been to a club?
543
00:27:20,513 --> 00:27:22,973
You know, the velvet rope that
makes everyone want to get in?
544
00:27:23,016 --> 00:27:26,306
So I am a club called Unicorn,
and if investors want in,
545
00:27:26,353 --> 00:27:27,903
they got to get in line.
546
00:27:27,937 --> 00:27:29,807
- [laughs]
- Maybe that stunt
547
00:27:29,856 --> 00:27:31,616
that you pulled at
the VC firm works.
548
00:27:31,650 --> 00:27:33,711
Maybe they want in so
bad they make an offer.
549
00:27:33,735 --> 00:27:35,855
They block out Lyft.
550
00:27:35,904 --> 00:27:38,244
Even so, we still have
to raise the rest.
551
00:27:38,281 --> 00:27:40,241
We're gonna raise
the rest, dude.
552
00:27:40,283 --> 00:27:41,663
We're just gonna do it here.
553
00:27:41,701 --> 00:27:43,161
We're flipping the paradigm.
554
00:27:43,203 --> 00:27:44,953
It's not a road show.
555
00:27:46,956 --> 00:27:49,166
Home show. Home show!
556
00:27:49,209 --> 00:27:51,629
Home show! Come on!
557
00:27:51,670 --> 00:27:54,630
Right? You're with
the insurgents now.
558
00:27:54,673 --> 00:27:55,941
This shouldn't be
fucking with your head.
559
00:27:55,965 --> 00:27:57,835
No, I'm just trying
to figure out
560
00:27:57,884 --> 00:28:00,554
how it is that starving
your own company
561
00:28:00,595 --> 00:28:04,015
is insurgency and not
just a temper tantrum.
562
00:28:04,057 --> 00:28:06,017
- Worked for Gandhi.
- Yeah, well,
563
00:28:06,059 --> 00:28:07,479
when Gandhi made that choice,
564
00:28:07,519 --> 00:28:09,349
he was the one
doing the starving.
565
00:28:09,396 --> 00:28:11,686
Not his investors.
566
00:28:22,575 --> 00:28:26,655
Because mutiny on the bounty
Is what we're all about
567
00:28:26,705 --> 00:28:29,825
I'm gonna board your
ship And turn it on out.
568
00:28:29,874 --> 00:28:32,424
No soft sucker With a
parrot on his shoulder
569
00:28:32,460 --> 00:28:35,630
I'm bad, getting bolder
Cold getting colder.
570
00:28:35,672 --> 00:28:38,722
Terrorizing suckers
On the seven seas.
571
00:28:38,758 --> 00:28:40,508
And if you've got beef.
572
00:28:40,552 --> 00:28:42,113
You'll get capped In the knees.
573
00:28:42,137 --> 00:28:45,387
We got 16 men On a
dead man's chest.
574
00:28:45,432 --> 00:28:48,482
And I shot those suckers
And I'll shoot the rest.
575
00:28:48,518 --> 00:28:51,478
Most illingest B-boy
I got that feeling.
576
00:28:51,521 --> 00:28:55,111
'Cause I am most ill And
I'm rhyming and stealing
577
00:28:55,150 --> 00:28:56,740
[no audio]
578
00:29:00,905 --> 00:29:03,905
Snatching gold chains
Nicking pieces of eight
579
00:29:03,950 --> 00:29:05,428
I got your money And your honey.
580
00:29:05,452 --> 00:29:07,252
And the fly name plate.
581
00:29:07,287 --> 00:29:09,327
We got wenches On the benches.
582
00:29:09,372 --> 00:29:10,872
Bitties with titties.
583
00:29:10,915 --> 00:29:12,375
Housing all girlies.
584
00:29:12,417 --> 00:29:14,247
From city to city.
585
00:29:14,294 --> 00:29:16,424
One for all and all for one.
586
00:29:16,463 --> 00:29:20,093
Taking out MCs
With a big shotgun.
587
00:29:20,133 --> 00:29:23,013
All for one and one for all.
588
00:29:23,052 --> 00:29:26,602
Because the Beastie
Boys Have gone AWOL.
589
00:29:26,639 --> 00:29:29,679
Most rhyminest B-boy
I'm stretching my shade.
590
00:29:29,726 --> 00:29:32,596
Most shootinest B-boy
I think you're shit.
591
00:29:32,645 --> 00:29:35,765
Most rhyminest B-boy I'll
steal your shit, homeboy.
592
00:29:35,815 --> 00:29:38,775
Most taxinest B-boy
I'll tax you, boy.
593
00:29:38,818 --> 00:29:42,158
Most illingest, illingest
Illingest B-boy.
594
00:29:42,197 --> 00:29:46,277
Taxing all y'all squares Yeah
595
00:29:46,326 --> 00:29:48,286
I've tried every fucking thing.
596
00:29:48,328 --> 00:29:51,498
I can't get this class
C bullshit shut down.
597
00:29:51,539 --> 00:29:53,434
Yeah, and Zimmer knows
it, and he's using it.
598
00:29:53,458 --> 00:29:55,288
Every meeting now
someone's asking me,
599
00:29:55,335 --> 00:29:56,896
what does Uber have
to do to get bigger?
600
00:29:56,920 --> 00:29:58,340
Do you have an answer?
601
00:29:58,379 --> 00:30:00,139
It occurs to me I
think we got polite.
602
00:30:00,173 --> 00:30:01,942
We're just using registered
livery drivers, why?
603
00:30:01,966 --> 00:30:03,336
Because it's a fucking rule?
604
00:30:03,384 --> 00:30:05,112
I mean while Lyft
is undercutting us
605
00:30:05,136 --> 00:30:06,676
like they're Costco of livery.
606
00:30:06,721 --> 00:30:08,261
We're disruptors.
607
00:30:08,306 --> 00:30:11,096
We can't be afraid to
disrupt even ourselves.
608
00:30:13,645 --> 00:30:14,845
We open up the business.
609
00:30:14,896 --> 00:30:16,556
Let in civilians,
610
00:30:16,606 --> 00:30:18,959
anybody with a driver's
license can come join the team.
611
00:30:18,983 --> 00:30:21,323
We will crush Lyft
at their own game.
612
00:30:21,361 --> 00:30:24,661
Luxury in an app. That
was the vision always.
613
00:30:24,697 --> 00:30:26,157
And it's a great vision.
614
00:30:26,199 --> 00:30:28,619
Uber is a black car company.
615
00:30:28,660 --> 00:30:31,330
No one wants to ride around
in someone's used Camry.
616
00:30:31,371 --> 00:30:33,921
Are you so sure about that?
617
00:30:36,876 --> 00:30:40,296
This is the last time
this ever happens.
618
00:30:40,338 --> 00:30:43,838
Police walked in For Jimmy Jazz
619
00:30:43,883 --> 00:30:47,933
I said "He ain't here
But he sure went by".
620
00:30:47,971 --> 00:30:50,641
Oh, you're looking for.
621
00:30:50,682 --> 00:30:53,022
Jimmy Jazz.
622
00:30:54,269 --> 00:30:55,979
Yeah, they said.
623
00:30:56,020 --> 00:31:00,020
Satta Massagana For Jimmy Dread.
624
00:31:00,066 --> 00:31:03,066
Cut off his ears And
chop off his head.
625
00:31:03,111 --> 00:31:05,741
Police come look for.
626
00:31:05,780 --> 00:31:07,530
Jimmy Jazz.
627
00:31:07,574 --> 00:31:10,084
Jazz, Jazz, Jazz.
628
00:31:10,118 --> 00:31:11,578
So go look.
629
00:31:15,874 --> 00:31:18,334
Wow! Thanks so much, guys.
630
00:31:18,376 --> 00:31:20,166
Have a fantastic night.
631
00:31:22,088 --> 00:31:23,418
[Gurley] Chatty fella.
632
00:31:23,464 --> 00:31:25,134
[Austin] That's the
Lyft UX in action.
633
00:31:25,174 --> 00:31:26,902
You know, you sit up
front, you make a friend.
634
00:31:26,926 --> 00:31:28,445
[Garrett] Yeah, I'm
not that lonely yet.
635
00:31:28,469 --> 00:31:29,989
I'm not saying that
it couldn't happen,
636
00:31:30,013 --> 00:31:32,143
but there's nothing cool
about that experience.
637
00:31:32,181 --> 00:31:33,742
[Gurley] Maybe
that's not the point.
638
00:31:33,766 --> 00:31:35,936
Are we selling cool, or
selling transportation?
639
00:31:37,604 --> 00:31:39,234
We're selling cool transpo.
640
00:31:39,272 --> 00:31:40,982
Elegant. James fucking Bond.
641
00:31:41,024 --> 00:31:43,074
That's the brand.
Always has been.
642
00:31:43,109 --> 00:31:45,649
[Austin] TK, it's your call.
643
00:31:45,695 --> 00:31:47,905
I mean, it's your call.
644
00:31:51,034 --> 00:31:53,374
Both.
645
00:31:53,411 --> 00:31:55,161
You go into a department store,
646
00:31:55,204 --> 00:31:57,182
they have that shitty jewelry
on the counter, right?
647
00:31:57,206 --> 00:31:59,086
But the good stuff is
in the glass boxes.
648
00:31:59,125 --> 00:32:01,061
- Two levels of service.
- Exactly, all right.
649
00:32:01,085 --> 00:32:03,439
So you want luxury, you want
cool, you can pay for cool.
650
00:32:03,463 --> 00:32:05,107
But we slide another
option into the app.
651
00:32:05,131 --> 00:32:07,721
Charge 35% less
and call it UberX,
652
00:32:07,759 --> 00:32:09,049
so it still feels cool.
653
00:32:10,637 --> 00:32:12,717
It's always X with you.
654
00:32:12,764 --> 00:32:14,434
Yeah, the X is for "extra sexy."
655
00:32:14,474 --> 00:32:16,274
[Garrett laughs]
656
00:32:16,309 --> 00:32:17,729
You would laugh at that.
657
00:32:23,149 --> 00:32:26,989
Dude, you brought me in to
grind on these kinds of calls.
658
00:32:28,321 --> 00:32:30,321
Yeah. That's true.
659
00:32:35,078 --> 00:32:36,639
But I'm still gonna
give you my opinion,
660
00:32:36,663 --> 00:32:38,623
and I expect you to
take it seriously.
661
00:32:41,501 --> 00:32:43,145
And then I'll ride
with you on it.
662
00:32:43,169 --> 00:32:44,959
No matter what you decide.
663
00:32:45,004 --> 00:32:46,884
It's your company, man.
664
00:32:52,929 --> 00:32:54,469
For Garrett?
665
00:33:05,191 --> 00:33:07,941
You know, I'm hearing
Google Ventures
666
00:33:07,986 --> 00:33:09,736
is in the mix this round.
667
00:33:11,906 --> 00:33:13,236
That's weird.
668
00:33:16,077 --> 00:33:19,457
I can't control the
rumor mill, Bill, can I?
669
00:33:25,712 --> 00:33:27,172
That's me.
670
00:33:48,067 --> 00:33:51,607
Once we added the UberX
functionality, boom,
671
00:33:51,654 --> 00:33:54,204
that is driver supply,
that is rider demand.
672
00:33:54,240 --> 00:33:55,384
What part of "do
not disturb" do...?
673
00:33:55,408 --> 00:33:57,288
[whispers indistinctly]
674
00:34:14,260 --> 00:34:16,890
[Tarantino] David
motherfucking Drummond.
675
00:34:16,929 --> 00:34:19,059
In theory, a top Google lawyer.
676
00:34:19,098 --> 00:34:22,058
In practice, Larry and
Sergey's business brain.
677
00:34:22,101 --> 00:34:24,246
Head of their investment
arm, Google Ventures.
678
00:34:24,270 --> 00:34:27,730
Loved and feared in every
boardroom in Silicon Valley.
679
00:34:27,774 --> 00:34:29,734
A real OG.
680
00:34:29,776 --> 00:34:32,146
And a BFD.
681
00:34:32,195 --> 00:34:34,855
And the one-man TK set
this entire trap for.
682
00:34:34,906 --> 00:34:38,786
Hi. Travis Kalanick.
683
00:34:38,826 --> 00:34:40,746
No shit. I'm in your office.
684
00:34:40,787 --> 00:34:42,867
[chuckles]
685
00:34:42,914 --> 00:34:44,464
Sit down.
686
00:34:46,209 --> 00:34:47,879
I don't imagine
you made the drive
687
00:34:47,919 --> 00:34:49,897
all the way from Mountain
View to hear me talk,
688
00:34:49,921 --> 00:34:51,381
so why don't you start?
689
00:34:51,422 --> 00:34:53,067
I'm wondering who
you think you are
690
00:34:53,091 --> 00:34:55,451
telling everyone in my
valley we're in your round.
691
00:34:57,470 --> 00:34:58,680
Aren't you?
692
00:34:58,721 --> 00:35:02,061
Because again,
long drive, David.
693
00:35:02,100 --> 00:35:03,850
Or is it Mr. Drummond?
694
00:35:03,893 --> 00:35:07,693
I'm more of a TK to my
friends, Travis to my enemies,
695
00:35:07,730 --> 00:35:12,150
and a fucking lottery ticket to
anybody who knows what's what.
696
00:35:18,032 --> 00:35:21,742
Breakfast, Tuesday, 9:00 a.m.,
Charlie's Café on the campus.
697
00:35:21,786 --> 00:35:24,116
This is a home show,
not a road show.
698
00:35:27,458 --> 00:35:29,788
You know what? I can
make an exception.
699
00:35:29,836 --> 00:35:31,296
That's cool.
700
00:35:34,006 --> 00:35:35,296
But...
701
00:35:37,468 --> 00:35:39,468
I want Larry Page there.
702
00:35:42,140 --> 00:35:43,810
That's a tough get.
703
00:35:45,143 --> 00:35:46,813
I'll see what I can do.
704
00:35:59,532 --> 00:36:01,122
[chuckling] Um, hi.
705
00:36:01,159 --> 00:36:04,329
David fucking Drummond
came into the office today,
706
00:36:04,370 --> 00:36:06,660
and we are going to the
Googleplex on Tuesday.
707
00:36:06,706 --> 00:36:08,166
And Larry Page is
gonna be there!
708
00:36:08,207 --> 00:36:09,457
I feel fucking amazing!
709
00:36:09,500 --> 00:36:10,880
I can see that.
710
00:36:14,005 --> 00:36:17,585
You are my good-luck charm.
711
00:36:17,633 --> 00:36:20,183
Okay. Well, I like that.
712
00:36:32,190 --> 00:36:33,520
[Travis sighs]
713
00:36:58,716 --> 00:37:00,256
Is he coming?
714
00:37:08,059 --> 00:37:09,849
[Drummond] Larry
Page, Travis Kalanick,
715
00:37:09,894 --> 00:37:11,064
and Emil Michael.
716
00:37:11,103 --> 00:37:12,943
It's so great to meet you, man.
717
00:37:33,167 --> 00:37:35,837
So, look, I'll admit
when I started Uber,
718
00:37:35,878 --> 00:37:37,838
it was just a way
for me and my buddies
719
00:37:37,880 --> 00:37:40,260
to get around San Francisco
in limos like ballers.
720
00:37:40,299 --> 00:37:42,509
You know, we didn't
have a grand plan.
721
00:37:42,551 --> 00:37:44,101
For a minute.
722
00:37:44,136 --> 00:37:45,781
But then I was forced
to learn to improvise
723
00:37:45,805 --> 00:37:48,015
once it turned out
everybody wanted in.
724
00:37:48,057 --> 00:37:50,202
Has that ever happened to you?
You know, you have an idea
725
00:37:50,226 --> 00:37:51,936
and then it spins
into something else?
726
00:37:56,649 --> 00:37:58,359
Maybe not.
727
00:37:58,401 --> 00:38:00,441
Maybe you just see it
all in front of you
728
00:38:00,486 --> 00:38:01,776
perfectly mapped out,
729
00:38:01,821 --> 00:38:03,451
exactly the way
it'll come to pass.
730
00:38:03,489 --> 00:38:05,717
I don't know, me? I have
to stay open to opportunity
731
00:38:05,741 --> 00:38:07,451
and nimble enough to change,
732
00:38:07,493 --> 00:38:09,913
because here's the thing:
We are not a limo company.
733
00:38:09,954 --> 00:38:11,794
We're a technology company.
734
00:38:11,831 --> 00:38:13,267
But if I had known
that at the start,
735
00:38:13,291 --> 00:38:14,921
I might have never started.
736
00:38:14,959 --> 00:38:16,895
You know, my mom, she says,
"Look before you leap."
737
00:38:16,919 --> 00:38:19,709
But I'm always like, how am I
going to get a good enough view
738
00:38:19,755 --> 00:38:21,125
and decide what's next
739
00:38:21,173 --> 00:38:23,383
if I'm not already up
in the air, you know?
740
00:38:23,426 --> 00:38:25,046
Because I took the leap, right?
741
00:38:25,094 --> 00:38:26,822
Like you guys with Google
Maps, that is a leap.
742
00:38:26,846 --> 00:38:29,306
But you're up in the air,
and you can look, and boom.
743
00:38:30,850 --> 00:38:33,440
Autonomous vehicles, right?
744
00:38:38,024 --> 00:38:40,824
Yeah, you know,
self-driving cars
745
00:38:40,860 --> 00:38:43,400
are very much front of mind.
746
00:38:43,446 --> 00:38:45,776
Still early stages, but...
747
00:38:46,741 --> 00:38:48,991
Yeah.
748
00:38:52,288 --> 00:38:54,668
["You're My Best Friend"
by Queen playing]
749
00:38:59,337 --> 00:39:03,417
Ooh, you make me live.
750
00:39:03,466 --> 00:39:07,046
Whatever this world
Can give to me.
751
00:39:07,094 --> 00:39:08,764
It's you.
752
00:39:08,804 --> 00:39:11,474
You're all I see.
753
00:39:11,515 --> 00:39:15,935
Ooh, you make me live now Honey.
754
00:39:15,978 --> 00:39:18,898
Ooh, you make me live.
755
00:39:20,649 --> 00:39:23,779
Oh, you're the best friend.
756
00:39:23,819 --> 00:39:26,159
That I ever had
757
00:39:26,197 --> 00:39:30,907
I've been with you
Such a long time...
758
00:39:38,626 --> 00:39:41,246
Look, it'd be easy
for Google Ventures
759
00:39:41,295 --> 00:39:43,205
to just plug some
money into Uber
760
00:39:43,255 --> 00:39:46,125
and walk away and siphon
off some of our success.
761
00:39:46,175 --> 00:39:47,819
But I don't think that's
what you want to do.
762
00:39:47,843 --> 00:39:49,529
I think you want us to
grow together, right?
763
00:39:49,553 --> 00:39:51,223
Like, imagine we
could share data
764
00:39:51,263 --> 00:39:52,643
from all the millions of trips
765
00:39:52,681 --> 00:39:53,851
that Uber runs every day.
766
00:39:53,891 --> 00:39:55,851
Plug that into Google Maps
767
00:39:55,893 --> 00:39:57,454
or anything else that
we want to team up on.
768
00:39:57,478 --> 00:39:59,558
Flying cars.
769
00:40:01,690 --> 00:40:04,110
The numbers.
770
00:40:04,151 --> 00:40:05,401
You aware?
771
00:40:05,444 --> 00:40:07,534
Flying cars?
772
00:40:07,571 --> 00:40:12,201
Move 14% of vehicles currently
on the road to air lanes,
773
00:40:12,243 --> 00:40:15,083
traffic congestion
goes down 82%.
774
00:40:16,205 --> 00:40:17,665
Wow.
775
00:40:17,706 --> 00:40:18,916
That...
776
00:40:23,546 --> 00:40:25,086
Your idea?
777
00:40:25,756 --> 00:40:27,336
Uber?
778
00:40:27,383 --> 00:40:29,263
Oh, yeah.
779
00:40:29,301 --> 00:40:30,761
Yeah, it was.
780
00:40:30,803 --> 00:40:32,603
My partner, Garrett,
he ideated the concept,
781
00:40:32,638 --> 00:40:35,678
but I refined it
and really built it.
782
00:40:38,769 --> 00:40:40,309
Interesting.
783
00:40:42,231 --> 00:40:45,941
How does route planning work?
784
00:40:45,985 --> 00:40:48,525
That's not easy.
785
00:40:48,571 --> 00:40:53,121
That's... is that OSRM,
or are you using our APIs?
786
00:40:53,159 --> 00:40:56,119
It's open-source.
787
00:40:56,162 --> 00:40:58,122
Open-source what?
788
00:41:00,207 --> 00:41:02,627
OpenStreetMap, I'm pretty sure.
789
00:41:02,668 --> 00:41:05,128
It's... it's really advanced.
We have the best guys on it.
790
00:41:07,465 --> 00:41:08,625
If you say so.
791
00:41:11,302 --> 00:41:16,522
You don't actually write
code, do you, Tyler?
792
00:41:17,349 --> 00:41:18,599
Travis.
793
00:41:18,642 --> 00:41:20,022
Kalanick.
794
00:41:25,774 --> 00:41:27,324
Okay.
795
00:41:28,527 --> 00:41:30,647
Good.
796
00:41:30,696 --> 00:41:33,486
Yeah, we should, you know...
797
00:41:36,619 --> 00:41:37,999
You know...
798
00:41:45,377 --> 00:41:48,877
[door opening and closing]
799
00:41:50,674 --> 00:41:52,054
Let's do this.
800
00:41:54,512 --> 00:41:56,642
If we come on, I'll
get a board seat.
801
00:41:56,680 --> 00:41:57,991
- An observer's seat.
- A voting seat.
802
00:41:58,015 --> 00:41:59,385
That's a deal-breaker.
803
00:41:59,433 --> 00:42:01,143
The only way I'm giving up
804
00:42:01,185 --> 00:42:02,871
a voting seat is if there's
a spend commensurate
805
00:42:02,895 --> 00:42:04,706
- with the people at this table.
- It's my table.
806
00:42:04,730 --> 00:42:07,000
If Uber weren't the hottest
entrant in transportation space,
807
00:42:07,024 --> 00:42:09,404
I wouldn't be sitting here,
and neither would you.
808
00:42:09,443 --> 00:42:10,903
Look...
809
00:42:12,947 --> 00:42:15,067
Amazon is a warehouse company.
810
00:42:15,115 --> 00:42:17,365
We are the everything company.
811
00:42:17,409 --> 00:42:18,762
You revolutionize
transportation,
812
00:42:18,786 --> 00:42:20,263
you revolutionize
urban development,
813
00:42:20,287 --> 00:42:22,207
real estate, the energy sector,
814
00:42:22,248 --> 00:42:24,017
food and hospitality,
trading and shipping.
815
00:42:24,041 --> 00:42:26,671
I mean, this is a lot more
than just how people shop.
816
00:42:26,710 --> 00:42:29,050
This is how they live,
and it's all frictionless,
817
00:42:29,088 --> 00:42:30,758
because that's who we are.
818
00:42:30,798 --> 00:42:32,901
Our brand changes the
world, just like your does.
819
00:42:32,925 --> 00:42:34,125
You got an ask?
820
00:42:37,429 --> 00:42:40,559
Quarter-bil.
821
00:42:40,599 --> 00:42:42,911
The most Google's ever
invested is a hundred million.
822
00:42:42,935 --> 00:42:44,746
I'm willing to talk
something in that ballpark...
823
00:42:44,770 --> 00:42:47,690
Talk about a
quarter-billion dollars.
824
00:42:47,731 --> 00:42:49,611
That's the ask.
825
00:42:53,779 --> 00:42:56,069
- Can you believe that?
- That was fucking insane.
826
00:42:56,115 --> 00:42:58,343
Dude, the vibe between
me and Larry was tight.
827
00:42:58,367 --> 00:42:59,657
[laughs]
828
00:43:02,288 --> 00:43:03,828
I'm calling Bill.
829
00:43:03,872 --> 00:43:05,962
Hmm? No, no, no.
Don't... don't do that.
830
00:43:06,000 --> 00:43:08,420
Okay, maybe I don't?
831
00:43:08,460 --> 00:43:10,480
I'm running this play without
protection in the pocket.
832
00:43:10,504 --> 00:43:12,424
Fuck.
833
00:43:12,464 --> 00:43:14,474
You went in there
without even telling Bill
834
00:43:14,508 --> 00:43:17,088
and without telling me what
the actual ask was gonna be?
835
00:43:18,345 --> 00:43:19,715
Are you actually in the pocket?
836
00:43:21,473 --> 00:43:23,103
I'm fine.
837
00:43:23,142 --> 00:43:24,562
He's gonna find out.
838
00:43:24,602 --> 00:43:26,272
He's not my dad.
839
00:43:26,312 --> 00:43:28,582
And if we nail a quarter-bil,
then he can apologize.
840
00:43:28,606 --> 00:43:32,566
If we don't, then he can gloat.
841
00:43:37,906 --> 00:43:40,736
[exhales]
842
00:43:40,784 --> 00:43:43,044
You don't actually
have the Google cash.
843
00:43:43,078 --> 00:43:44,618
We might never have it.
844
00:43:44,663 --> 00:43:46,873
You might have completely
blown it with that ask.
845
00:43:46,915 --> 00:43:48,995
I cannot believe you're
not with me on this one.
846
00:43:56,091 --> 00:43:57,902
Dude, the money is coming
in one way or another.
847
00:43:57,926 --> 00:43:59,296
Look at our growth rate.
848
00:43:59,345 --> 00:44:01,265
- Look at our burn rate.
- That's true.
849
00:44:01,305 --> 00:44:03,325
- The incentives are killing us.
- But that's why we buy Lyft,
850
00:44:03,349 --> 00:44:06,269
so we can stop paying these
fucking incentives to the
851
00:44:06,310 --> 00:44:09,060
drivers, because where
else are they gonna go?
852
00:44:09,104 --> 00:44:11,194
[scoffs]
853
00:44:13,692 --> 00:44:15,942
Maybe we should
run this by Bill...
854
00:44:15,986 --> 00:44:18,986
No, we're not. Don't say "Bill."
We're not running by anything.
855
00:44:19,031 --> 00:44:20,675
No run-bys. We
endgame Lyft, okay?
856
00:44:20,699 --> 00:44:22,218
We get the Google
money, and we end them.
857
00:44:22,242 --> 00:44:23,992
That's it.
858
00:44:24,036 --> 00:44:26,317
Unless you want them nipping
at our heels forever.
859
00:44:29,208 --> 00:44:30,998
Should I have called?
860
00:44:32,002 --> 00:44:33,382
Give me the room.
861
00:44:43,222 --> 00:44:44,852
I love saying that.
862
00:44:47,142 --> 00:44:48,232
David Drummond called.
863
00:44:50,562 --> 00:44:51,942
Called you?
864
00:44:51,980 --> 00:44:53,860
I'm the guy they call.
865
00:44:53,899 --> 00:44:55,689
That's how this works.
866
00:44:55,734 --> 00:44:57,494
When you fuck up, they call me.
867
00:44:57,528 --> 00:45:00,028
When you try to go deep with
Larry Page, they call me.
868
00:45:00,072 --> 00:45:02,050
When you land over a
quarter of a billion dollars
869
00:45:02,074 --> 00:45:04,584
of Google's money, they call me.
870
00:45:06,245 --> 00:45:07,705
Fuck you.
871
00:45:07,746 --> 00:45:09,786
No, thanks. I'm good.
872
00:45:09,832 --> 00:45:12,462
My founder just raised
some serious cash.
873
00:45:12,501 --> 00:45:14,131
[laughs] Oh!
874
00:45:15,421 --> 00:45:17,131
- You feeling it?
- Holy shit!
875
00:45:17,172 --> 00:45:19,052
Yes. Holy shit.
876
00:45:19,091 --> 00:45:21,069
I know how to win
now. I know how.
877
00:45:21,093 --> 00:45:23,183
I already set up the
dinner with Zimmer.
878
00:45:23,220 --> 00:45:24,390
Now you can do it.
879
00:45:24,430 --> 00:45:26,180
Okay, then.
880
00:45:26,223 --> 00:45:28,433
We're gonna go in there,
we're gonna scoop up Lyft.
881
00:45:28,475 --> 00:45:31,765
Zimmer is gonna... He's
gonna act weird at first.
882
00:45:31,812 --> 00:45:33,612
He's bleeding. His
board's after him.
883
00:45:33,647 --> 00:45:36,017
He knows he's dying, and
he doesn't want to die.
884
00:45:36,066 --> 00:45:37,856
So you're gonna let him know
885
00:45:37,901 --> 00:45:41,111
that you're not going to go to
the press and call him a loser.
886
00:45:43,115 --> 00:45:45,315
And you're gonna treat
his employees with respect
887
00:45:46,618 --> 00:45:48,448
and a seat on the board.
888
00:45:54,209 --> 00:45:56,589
- Okay, I can do that.
- Oh, I know you can,
889
00:45:56,628 --> 00:45:58,606
because a guy marries
a woman with kids,
890
00:45:58,630 --> 00:46:02,380
he has to prove he's not gonna
fuck up her life or theirs.
891
00:46:02,426 --> 00:46:03,886
You get it?
892
00:46:03,927 --> 00:46:06,137
I got it.
893
00:46:10,058 --> 00:46:12,518
Did you say over
a quarter-billion?
894
00:46:12,561 --> 00:46:14,101
Two-fifty-seven.
895
00:46:14,146 --> 00:46:15,436
[laughs]
896
00:46:18,650 --> 00:46:20,628
I guess it's okay if they
bigfoot us now, right, Bill?
897
00:46:20,652 --> 00:46:22,422
It's very fucking okay.
They bought the right.
898
00:46:22,446 --> 00:46:23,856
[laughing]
899
00:46:27,367 --> 00:46:29,287
[Zimmer] The
legend's always been
900
00:46:29,328 --> 00:46:32,578
the restaurants in Little India
all share the same kitchen.
901
00:46:32,623 --> 00:46:35,173
So you walk down Sixth
Street in New York City,
902
00:46:35,209 --> 00:46:38,169
and every storefront
has a different name.
903
00:46:38,212 --> 00:46:40,148
They have a different
collection of Christmas lights
904
00:46:40,172 --> 00:46:42,233
and different aging menus
taped to the windows,
905
00:46:42,257 --> 00:46:44,427
but it's all a mirage.
906
00:46:44,468 --> 00:46:46,863
You mean like an actual mirage,
or people just can't believe
907
00:46:46,887 --> 00:46:48,531
that all these different
Indian restaurants
908
00:46:48,555 --> 00:46:50,015
share the same kitchen?
909
00:46:50,057 --> 00:46:51,227
Never did find out.
910
00:46:51,266 --> 00:46:52,846
[Kate] The vindaloo,
911
00:46:52,893 --> 00:46:54,954
it doesn't taste the
same at all those places.
912
00:46:54,978 --> 00:46:56,478
I just... I call bullshit.
913
00:46:56,522 --> 00:46:58,272
Yeah, me too. Probably, right?
914
00:46:58,315 --> 00:47:00,225
But maybe that's
the magic of it.
915
00:47:00,275 --> 00:47:02,435
Create the sense of choice
916
00:47:02,486 --> 00:47:04,816
that the customer is
engaging in a decision.
917
00:47:04,863 --> 00:47:07,833
But actually all the money's
flowing back to the same place.
918
00:47:07,866 --> 00:47:12,326
And in this case, that'd be us.
919
00:47:12,371 --> 00:47:13,831
Something like that.
920
00:47:19,044 --> 00:47:21,344
[clears throat]
921
00:47:23,173 --> 00:47:26,973
We think you retaining 17% of
the company is a fair deal.
922
00:47:27,010 --> 00:47:28,930
We wanted 25.
923
00:47:28,971 --> 00:47:31,011
We know, Kate.
924
00:47:34,726 --> 00:47:37,186
I can sit with 17.
925
00:47:37,229 --> 00:47:38,899
Board seat as discussed.
926
00:47:38,939 --> 00:47:41,189
Lyft retains its app and staff,
927
00:47:41,233 --> 00:47:43,823
and we can discuss
lightening our C-suite.
928
00:47:43,861 --> 00:47:46,861
We have a few top performers
we'd like to protect.
929
00:48:01,962 --> 00:48:03,382
Eight percent.
930
00:48:07,092 --> 00:48:09,052
[laughs]
931
00:48:09,094 --> 00:48:10,394
You know what I wanted to say?
932
00:48:10,429 --> 00:48:12,139
Here's my final offer: Nothing.
933
00:48:12,180 --> 00:48:14,060
Like the Lake Tahoe scene.
934
00:48:14,099 --> 00:48:16,244
I just didn't want you guys to
think I was screwing around.
935
00:48:16,268 --> 00:48:17,912
- [Gurley] Travis.
- [Kate] So you're serious?
936
00:48:17,936 --> 00:48:19,936
I mean, I also sprung
for the Sam Wo's.
937
00:48:22,065 --> 00:48:23,565
[scoffs]
938
00:48:23,609 --> 00:48:25,420
You know, Travis, sometimes
when you put your dick
939
00:48:25,444 --> 00:48:27,154
out on a table,
940
00:48:27,195 --> 00:48:29,565
it doesn't necessarily
mean you have a big one.
941
00:48:29,615 --> 00:48:31,525
It might just mean
you exposed yourself.
942
00:48:31,575 --> 00:48:34,615
You have no fucking idea
how many people assume
943
00:48:34,661 --> 00:48:36,121
that everything
I've accomplished
944
00:48:36,163 --> 00:48:38,873
is somehow to compensate
for everything I'm not.
945
00:48:40,083 --> 00:48:42,673
But you have to know
946
00:48:42,711 --> 00:48:45,421
the whole worth of your company
is predicated on my success.
947
00:48:46,340 --> 00:48:47,550
You're a tapeworm.
948
00:48:47,591 --> 00:48:49,301
I'm the host. You need me.
949
00:48:49,343 --> 00:48:51,723
What, to be on that wall?
I need you on that wall?
950
00:48:51,762 --> 00:48:55,102
You need me to survive.
951
00:48:55,140 --> 00:48:56,850
I understand you feel that way.
952
00:48:56,892 --> 00:48:58,828
This isn't about feelings,
man. This is about facts.
953
00:48:58,852 --> 00:49:01,402
You're shedding six and
a half percent a day
954
00:49:01,438 --> 00:49:04,068
of potential revenue
to us post-UberX.
955
00:49:04,107 --> 00:49:05,335
We're gonna roll
out dynamic pricing.
956
00:49:05,359 --> 00:49:06,229
That number's going to double.
957
00:49:06,276 --> 00:49:07,837
You're going to lose
all your drivers.
958
00:49:07,861 --> 00:49:09,756
More than that, you're going
to lose your customers.
959
00:49:09,780 --> 00:49:11,049
Because they like
your little interface.
960
00:49:11,073 --> 00:49:12,342
But you know what
they like more?
961
00:49:12,366 --> 00:49:13,776
A car that shows up fast,
962
00:49:13,825 --> 00:49:15,665
and you won't be
able to provide it.
963
00:49:20,332 --> 00:49:22,962
[Gurley] He's not putting
it very diplomatically.
964
00:49:23,001 --> 00:49:27,631
His terms are not the
ones I recommended.
965
00:49:32,511 --> 00:49:34,141
But it is true.
966
00:49:35,764 --> 00:49:37,274
[laughs]
967
00:49:40,394 --> 00:49:42,064
Something funny?
968
00:49:42,104 --> 00:49:43,915
You could have walked
out of here tonight
969
00:49:43,939 --> 00:49:46,359
owning the entire
rideshare space.
970
00:49:46,400 --> 00:49:48,490
Like Coke and Pepsi got hitched.
971
00:49:48,527 --> 00:49:49,987
But you're not smart enough.
972
00:49:50,028 --> 00:49:51,818
- [chuckles]
- No, no, that's not it.
973
00:49:51,863 --> 00:49:55,623
You're not sophisticated enough.
You're not cultured enough.
974
00:49:55,659 --> 00:49:58,159
Fuck, you're not human enough.
975
00:49:59,579 --> 00:50:02,079
Sure, you have some savvy.
976
00:50:02,124 --> 00:50:04,134
And, yes, you are
good with numbers.
977
00:50:04,167 --> 00:50:07,087
But you're too much of a
goddamn predatory animal
978
00:50:07,129 --> 00:50:09,129
to take a sure thing
when it comes to you.
979
00:50:09,172 --> 00:50:10,672
I don't know why.
980
00:50:10,716 --> 00:50:12,546
I... I don't actually care.
981
00:50:19,891 --> 00:50:21,811
Here's what's gonna happen.
982
00:50:21,852 --> 00:50:23,538
I'm not ever leaving
the rideshare space.
983
00:50:23,562 --> 00:50:24,982
Not now.
984
00:50:25,022 --> 00:50:26,290
I mean, I was
ready to pull back.
985
00:50:26,314 --> 00:50:28,364
But after this, uh-uh.
986
00:50:28,400 --> 00:50:30,360
I will grow, and I will suck
987
00:50:30,402 --> 00:50:33,322
the ever-loving fucking
life out of your company.
988
00:50:33,363 --> 00:50:34,783
And I will outlast you.
989
00:50:34,823 --> 00:50:36,134
And when I do, when
I go public first,
990
00:50:36,158 --> 00:50:38,198
I just want you to remember,
991
00:50:38,243 --> 00:50:41,163
you brought this shit-ton of
bricks down on your own head.
992
00:50:41,204 --> 00:50:43,464
Bill, thanks much.
993
00:50:52,758 --> 00:50:54,838
[chuckles]
994
00:50:54,885 --> 00:50:57,345
Well, that was
fucking ridiculous.
995
00:51:14,279 --> 00:51:15,909
[sighs]
996
00:51:26,666 --> 00:51:27,996
I had to take a walk.
997
00:51:28,043 --> 00:51:30,003
I'm sorry you
wasted your evening.
998
00:51:30,045 --> 00:51:31,705
It's fine.
999
00:51:32,964 --> 00:51:34,424
I know it's not.
1000
00:51:37,928 --> 00:51:39,758
What are you doing, Bill?
1001
00:51:39,805 --> 00:51:42,555
Riding shotgun with
a guy like that?
1002
00:51:42,599 --> 00:51:44,729
I saw your face. You had no idea
1003
00:51:44,768 --> 00:51:46,621
he was gonna self-immolate
in there tonight.
1004
00:51:46,645 --> 00:51:49,605
I'm sorry we couldn't
throw you a lifeline,
1005
00:51:49,648 --> 00:51:51,528
but his point's not wrong.
1006
00:51:52,901 --> 00:51:54,462
Probably all healthier
if we compete.
1007
00:51:54,486 --> 00:51:56,446
Sure.
1008
00:51:56,488 --> 00:51:58,528
You got to defend your founder.
1009
00:51:58,573 --> 00:52:00,453
Gurley stands behind his man.
1010
00:52:00,492 --> 00:52:04,752
But every time Travis gets a win
1011
00:52:06,665 --> 00:52:08,625
you're making him believe
1012
00:52:08,667 --> 00:52:10,957
the world owes him that win.
1013
00:52:11,002 --> 00:52:13,842
First loss he has, he's
gonna think he's drowning,
1014
00:52:13,880 --> 00:52:17,340
and he's gonna stand on your
shoulders to save himself.
1015
00:52:17,384 --> 00:52:19,394
He'll push you right under.
1016
00:52:27,310 --> 00:52:28,900
John.
1017
00:52:40,824 --> 00:52:42,844
Let me know if I can help
you this funding round.
1018
00:52:42,868 --> 00:52:47,158
Just, uh, make some quiet calls.
1019
00:52:47,205 --> 00:52:49,285
I used to consider you
one of the good ones.
1020
00:52:49,332 --> 00:52:52,342
Now I see you've turned into
a jackal like all the rest.
1021
00:52:52,377 --> 00:52:54,497
I don't want you
anywhere near my company.
1022
00:53:06,474 --> 00:53:09,194
"Google Ventures is
the largest investor,
1023
00:53:09,227 --> 00:53:13,477
"with $257.79 million in.
1024
00:53:13,523 --> 00:53:18,703
"This round values Uber at
around $3.4 billion pre-money,
1025
00:53:18,737 --> 00:53:21,567
$3.76 billion post-money."
1026
00:53:21,615 --> 00:53:23,405
This is absolutely
fucking great.
1027
00:53:23,450 --> 00:53:25,490
Well, I'm happy to be here.
1028
00:53:25,535 --> 00:53:26,865
[laughs]
1029
00:53:34,461 --> 00:53:36,051
You going down to
say hello to David?
1030
00:53:36,087 --> 00:53:37,377
Yeah, I'm walking now.
1031
00:53:37,422 --> 00:53:39,222
Uh, hey, listen, I
was just curious.
1032
00:53:39,257 --> 00:53:42,547
When was it that, uh, you guys
decided to tank the Lyft deal
1033
00:53:42,594 --> 00:53:46,144
and try to kill them
instead of buying them?
1034
00:53:46,181 --> 00:53:49,731
There wasn't a specific
internal discussion.
1035
00:53:49,768 --> 00:53:51,388
Well, I mean, did you, uh...?
1036
00:53:51,436 --> 00:53:52,997
Did you lose my phone
number for a while,
1037
00:53:53,021 --> 00:53:55,151
or you forget how to dial?
1038
00:53:58,568 --> 00:54:01,488
We had a relationship when
you put me in, for sure.
1039
00:54:01,529 --> 00:54:03,909
And we still have one now.
1040
00:54:03,949 --> 00:54:06,239
It's different,
though. It has to be.
1041
00:54:06,284 --> 00:54:09,044
Now, I know that. You know that.
1042
00:54:09,079 --> 00:54:12,079
Why don't we just enjoy
his success, Bill?
1043
00:54:12,123 --> 00:54:14,423
It's all to our benefit.
1044
00:54:22,259 --> 00:54:24,259
Alright, take care of your mom.
1045
00:54:33,019 --> 00:54:34,649
[Amy] What time is your flight?
1046
00:54:34,688 --> 00:54:36,308
Tomorrow morning at 8:00.
1047
00:54:36,356 --> 00:54:39,396
Hmm.
1048
00:54:39,442 --> 00:54:42,902
You finally left Rex alone to
shoot around out there, huh?
1049
00:54:42,946 --> 00:54:45,776
I was just trying to impart
something about the game
1050
00:54:45,824 --> 00:54:47,584
to our guy before
I leave tomorrow.
1051
00:54:47,617 --> 00:54:49,077
Not just about the game.
1052
00:54:49,119 --> 00:54:50,930
I tell you what, I hope
he listens to his coaches
1053
00:54:50,954 --> 00:54:52,414
better than he does to me,
1054
00:54:52,455 --> 00:54:54,308
because he tunes me out
like an old radio dial.
1055
00:54:54,332 --> 00:54:57,922
Because you play D1,
which he has to ignore,
1056
00:54:57,961 --> 00:55:00,461
or it'll be too
hard to keep going.
1057
00:55:00,505 --> 00:55:04,715
You always say a good coach
finds a way to cut through.
1058
00:55:04,759 --> 00:55:07,599
Either gets loud or quiet,
1059
00:55:07,637 --> 00:55:11,307
or finds an angle
until he's heard.
1060
00:55:11,349 --> 00:55:13,389
I'm kind of sucking
at that lately.
1061
00:55:17,147 --> 00:55:18,727
Say the rest.
1062
00:55:18,773 --> 00:55:20,153
The thing you don't want to.
1063
00:55:23,820 --> 00:55:27,160
Uber scored huge
in this last round.
1064
00:55:28,867 --> 00:55:30,237
Massive.
1065
00:55:31,369 --> 00:55:33,159
And you're mad? Why?
1066
00:55:33,204 --> 00:55:35,124
Sounds like you did good.
1067
00:55:35,165 --> 00:55:37,375
Because his wins are his,
1068
00:55:37,417 --> 00:55:39,537
and his losses, his
sins, are all of ours.
1069
00:55:39,586 --> 00:55:41,916
And he won't listen.
1070
00:55:41,963 --> 00:55:43,473
Ah, you know, I
can't protect him.
1071
00:55:43,506 --> 00:55:44,966
I...
1072
00:55:45,008 --> 00:55:46,338
[clears throat]
1073
00:55:51,765 --> 00:55:54,515
I stood up for him.
1074
00:55:54,559 --> 00:55:57,349
A smart guy, a guy
I greatly respect.
1075
00:55:57,395 --> 00:55:59,457
He looked me right in the
eye, right in the soul,
1076
00:55:59,481 --> 00:56:01,361
and he told me
exactly what he saw.
1077
00:56:03,068 --> 00:56:04,568
There's nothing.
1078
00:56:10,408 --> 00:56:13,368
Well, if Travis won't
let you protect him,
1079
00:56:13,411 --> 00:56:15,711
then that's on him, not you.
1080
00:56:17,916 --> 00:56:19,206
Or is this about the money?
1081
00:56:19,250 --> 00:56:20,590
No.
1082
00:56:26,216 --> 00:56:27,626
A little.
1083
00:56:31,137 --> 00:56:32,927
A lot.
1084
00:56:32,972 --> 00:56:35,432
At the end of this run,
it's the one that...
1085
00:56:35,475 --> 00:56:38,265
It's the one that pays
for all the others.
1086
00:56:38,311 --> 00:56:40,731
It's the one that
makes it so we nev...
1087
00:56:43,525 --> 00:56:47,355
Ever have to think
about money again.
1088
00:56:48,780 --> 00:56:51,120
Oh, I don't think
about it much now.
1089
00:56:51,157 --> 00:56:54,657
And I rarely heard you
talk about it until this...
1090
00:56:54,702 --> 00:56:58,082
This idea of changing the
family tree seemed possible.
1091
00:56:58,123 --> 00:57:02,253
Meaning I'm fine
just the way we are.
1092
00:57:02,293 --> 00:57:05,053
But what if you got the
money out of your head
1093
00:57:05,088 --> 00:57:07,088
and made the right decision?
1094
00:57:07,132 --> 00:57:09,182
For the guy? For the team?
1095
00:57:09,217 --> 00:57:11,257
For everyone who
deals with them?
1096
00:57:11,302 --> 00:57:13,262
Because if you don't,
1097
00:57:13,304 --> 00:57:16,644
I don't want to see you
carrying that around.
1098
00:57:21,771 --> 00:57:23,624
Hey, Bill, they should have
water out there for us.
1099
00:57:23,648 --> 00:57:25,358
But you want anything
else to drink?
1100
00:57:25,400 --> 00:57:27,378
- You want a soda or something?
- Water sounds just fine.
1101
00:57:27,402 --> 00:57:29,362
- Thanks, Mike.
- How about any, uh,
1102
00:57:29,404 --> 00:57:31,614
specific questions you
want me to ask you?
1103
00:57:34,075 --> 00:57:36,945
I think whatever you throw
out at me will be fine, yeah.
1104
00:57:39,706 --> 00:57:42,076
TK, Gurley's panel's up.
1105
00:57:42,125 --> 00:57:43,705
Oh, yeah.
1106
00:57:43,751 --> 00:57:45,171
Think I mentioned the raise.
1107
00:57:46,212 --> 00:57:47,712
[cell phone pings]
1108
00:57:47,755 --> 00:57:49,483
All right, it's about
that time. Are you ready?
1109
00:57:49,507 --> 00:57:51,797
- Yeah.
- All right, let's do it.
1110
00:57:54,262 --> 00:57:57,182
You know, uh, come to
think of it, uh, Mike
1111
00:57:59,601 --> 00:58:01,731
yeah, there is.
1112
00:58:01,769 --> 00:58:04,979
[applause on TV]
1113
00:58:05,023 --> 00:58:07,209
[Isaac] Bill, I got one
last question for you.
1114
00:58:07,233 --> 00:58:09,493
Do you think we're
in a tech bubble?
1115
00:58:12,947 --> 00:58:15,117
I think that we're
in a risk bubble.
1116
00:58:15,158 --> 00:58:17,658
Uh, especially with these, uh
1117
00:58:17,702 --> 00:58:19,252
these so-called unicorns.
1118
00:58:21,372 --> 00:58:23,502
Except for your one true
unicorn, right, Bill?
1119
00:58:23,541 --> 00:58:28,841
We've flushed an excessive
amount of money onto them,
1120
00:58:28,880 --> 00:58:30,510
and they, uh...
1121
00:58:30,548 --> 00:58:33,678
Well, a lot of them, including
some favorites of mine
1122
00:58:33,718 --> 00:58:36,008
are, uh, acting, uh
1123
00:58:37,263 --> 00:58:39,473
irrationally.
1124
00:58:39,516 --> 00:58:41,136
Warren Buffett has a...
1125
00:58:41,184 --> 00:58:42,644
Has a great saying.
1126
00:58:42,685 --> 00:58:44,330
"Be fearful when
others are greedy,
1127
00:58:44,354 --> 00:58:46,123
and be greedy when
others are fearful."
1128
00:58:46,147 --> 00:58:48,727
I'm not here to accuse
anyone of being greedy.
1129
00:58:48,775 --> 00:58:52,815
But there is nowhere
near enough fear
1130
00:58:52,862 --> 00:58:54,532
in Silicon Valley right now.
1131
00:58:54,572 --> 00:58:59,702
And I think you will see
some dead unicorns this year.
1132
00:58:59,744 --> 00:59:01,639
[Isaac] There you have
it, ladies and gentlemen.
1133
00:59:01,663 --> 00:59:03,873
- Bill Gurley.
- [applause]
1134
00:59:07,418 --> 00:59:08,708
What the fuck was that?
1135
00:59:11,214 --> 00:59:13,054
[inaudible]
1136
00:59:19,889 --> 00:59:23,019
"Dead unicorns." What, is he
sending a coded fucking message?
1137
00:59:23,059 --> 00:59:26,399
Okay, we just raised a
crazy successful round.
1138
00:59:26,437 --> 00:59:28,897
We basically destroyed
our nearest rival,
1139
00:59:28,940 --> 00:59:30,730
and that's his fucking response?
1140
00:59:30,775 --> 00:59:32,065
I guess it was.
1141
00:59:34,571 --> 00:59:36,882
All right, he wants to play
with fucking baseball bats.
1142
00:59:36,906 --> 00:59:38,616
Let's play with bats.
1143
00:59:38,658 --> 00:59:41,198
Penny, I need a sit-down
with Bill Gurley
1144
00:59:41,244 --> 00:59:43,044
as soon as he is fucking back.
1145
00:59:43,079 --> 00:59:44,499
And get me building security.
1146
00:59:57,802 --> 01:00:01,642
The waiting drove me mad.
1147
01:00:01,681 --> 01:00:05,521
You're finally here
And I'm a mess.
1148
01:00:05,560 --> 01:00:08,610
I take your entrance back.
1149
01:00:08,646 --> 01:00:13,276
Can't let you Roam
inside my head
1150
01:00:13,318 --> 01:00:16,858
I don't want to take
What you can give
1151
01:00:16,904 --> 01:00:20,374
I would rather starve
Than eat your bread
1152
01:00:20,408 --> 01:00:24,288
I would rather run
But I can't walk.
1153
01:00:24,329 --> 01:00:28,709
Guess I'll lay alone
Just like before.
1154
01:00:45,183 --> 01:00:49,403
I'll take The varmint's path.
1155
01:00:49,437 --> 01:00:53,067
Oh, and I must Refuse your test.
1156
01:00:53,107 --> 01:00:54,607
Shit.
1157
01:00:54,651 --> 01:00:57,111
And I will resist.
1158
01:00:57,153 --> 01:01:00,663
This behavior's not unique
1159
01:01:00,698 --> 01:01:04,658
I don't want to hear
From those who know.
1160
01:01:04,702 --> 01:01:08,332
They can buy But can't
put on my clothes
1161
01:01:08,373 --> 01:01:11,673
I don't want to limp
For them to walk.
1162
01:01:11,709 --> 01:01:15,299
Never would have
known Of me before
1163
01:01:15,338 --> 01:01:19,008
I don't want to be
held In your debt
1164
01:01:19,050 --> 01:01:22,850
I'll pay it off in
blood Let I be wed
1165
01:01:22,887 --> 01:01:26,807
I'm already cut up And half dead
1166
01:01:26,849 --> 01:01:30,439
I'll end up alone Like I began.
1167
01:01:44,659 --> 01:01:49,539
Everything has
chains, Absolutely...
84738
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