How Deal Making Turned Uber into the Fastest Growing Company in the World with Emil Michael
Jul 1, 2024
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Former right-hand man of Travis Kalanick, Emil Michael, shares insights on raising over $20b for Uber. Topics include deal making strategies, hiring tactics, finding mentors, boundless ambition, and more.
Emil Michael's fundraising strategy involved letting the market set the valuation and choosing the second-best offer for deal closure.
Recognizing game-changing opportunities like joining Uber showcased Emil Michael's ability to turn mistakes into wins.
Emil Michael's emphasis on mentorship, problem-solving, and empathy highlights the importance of addressing challenges proactively.
Deep dives
Transparency in Fundraising Approach
Emil Michael's transparency in his fundraising approach is highlighted, emphasizing his strategy of letting the market determine the valuation. He shares his method of seeking multiple bids from investors and choosing the second-best offer to ensure deal closure.
Seizing Business Opportunities
Emil Michael recounts pivotal moments when recognizing significant business opportunities, like the decision to join Uber. He reflects on perceiving a grand mistake turning into a grand win, showcasing his ability to discern game-changing prospects.
Lessons from Career Mentorship
Emil Michael shares insights gained from mentorship, particularly from Bill Campbell, which shaped his approach to problem-solving and seeking challenges. He highlights the importance of addressing hard problems proactively.
Influence of Immigrant Experience
Emil Michael attributes his intense motivation and ambition to his immigrant background and family values. He discusses the impact of empathy received during crucial life periods and his commitment to reciprocating that empathy to others.
Diverse Hiring Practices
Emil Michael's hiring philosophy focused on evaluating candidates based on confidence, humility, and problem-solving skills rather than pedigree. He emphasizes the importance of work ethic and loyalty in building a diverse and dedicated team.
How did Emil Michael raise more than $20b for Uber in 3 years to make it the most valuable private company in the world?
This week we had one of the worlds best business minds break down his deal making strategies as Travis Kalanicks right-hand man. We also dived into his inner dialogue, hiring tactics, approach to finding mentors, boundless ambition and a lot more.
Socials
Linktree - https://linktr.ee/SachinandAdam
Sponsors
Zed Law: https://www.zed.law/
Open Source CEO by Bill Kerr: https://www.opensourceceo.com/
About us
We tell the raw stories of the world’s tech leaders, by asking the vulnerable questions that no one else does. Guests have included former Prime Ministers, unicorn tech founders and the world’s top investors. Join us for these interviews and get a real behind the scenes look into 25 year old best friends building the company of their dreams.
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