May 25, 2017

Early Uber investor Chris Sacca: CEO Kalanick is in ‘a very vulnerable and introspective state right now’



Chris Sacca Getty NEW ORLEANS — Chris Sacca, an early Uber investor and former "Shark Tank" judge, said he has ended a years-long grudge with Uber CEO Travis Kalanick and is advising the embattled executive on how to handle the series of controversies currently plaguing the company.

Speaking at the Collision conference in New Orleans on Tuesday, Sacca said his rekindled relationship with Kalanick leads him to believe Kalanick is "materially changing" for the good.

"I think Travis is in a very vulnerable and introspective state right now," Sacca said. "For the first time he’s acknowledging the places he could use help and starting to take responsibility for his broader role."

Sacca was an early investor in Uber and a Kalanick confidante, but the relationship soured. Kalanick became upset that Sacca was trying to buy out other investors’ equity in Uber in order to increase his own stake, according to a 2015 Forbes profile.

Sacca acknowledged at the time that he barely spoke to Kalanick, the brash Uber founder who has a reputation for a win-at-all-costs mentality that some critics say has led to some of Uber’s recent internal problems.

While Uber has grown to become the most valuable private tech company, its […]

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The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

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