All the recent Uber crap just seemed to underlie an ineluctable point: Behind every prosperous sharing economy company, sits a smart capitalist maximizing profits.
For Thiel, the intelligently designed startup that will eventually evolve into what he calls the creative monopoly is the key to a brighter future for our world.
Clearly there are some health care startups that will meaningfully improve health care. But there is justifiable concern that too many are focused on the wrong patients and wrong problems using technology with limited applicability.
Two weeks ago I wrote a piece entitled THE 5 KEY TRENDS IN GLOBALIZATION THAT ARE CHANGING AMERICA and THE WORLD. On account of on going geo/economic ...
The act of traveling for business can either be a massive hassle or a headache-free joy; it all comes down to preparation. I clock tens of thousands of miles per year for business and, through each of those experiences, have learned valuable lessons for making my trips feel more like walks in the park.
Now that you've survived the dreaded Thanksgiving travel weekend, it's time to start preparing for the next busiest period: year-end travel.
Given its size and the strength of its idea, Uber has the potential to become a blue chip company that can disrupt the car service business in a positive way, but first it needs to do some serious soul-searching.
It is the season of lists: best movies, best books, and so on. I thought I should continue a tradition I started several years ago of creating a different type of list: a geo-political-economic list -- a list of the globalization top five from an American perspective.
America's statutes, policies and regulations (Laws) are designed for a non-digital world -- a world where a taxi was something you hailed on the street, not by clicking a smartphone app. The world of Bricks (i.e., the older traditional economy) and Clicks (i.e, the newer tech-fueled economy) are merging.
Uber has been in the news a lot lately. Unfortunately, most of the stories have been negative. From day one, Uber has had a target on its back because it provides a product that many believe is superior to established taxi and shuttle services.
In a world where government surveillance regimes like the NSA are not shy about asking companies for users' personal information, companies have a heightened responsibility to only collect what they absolutely need--and to keep it safe.
Startups and the media don't always play nice in the sandbox. One journalist talks dirt about a company and the company lashes out, "lets go get some dirt and throw it back." And so the saga continues ...
I'd posit that Uber is at the nexus of the ethical model and the business model, and they do intersect.
Industrialists who built the railroads and core infrastructure in the 19th century exploited labor, corrupted governments, and built monopolies. Uber is also exploiting labor to some extent, but its disrepute is largely because of its arrogance and frat-boy behavior -- not only its business practices. And this behavior is only slowing the company down.
I had the pleasure of sitting one seat over from Emil Michael at the now-infamous Uber dinner in New York last week. Emil was originally seated next to me and moved over to greet Ben Smith as a guest.
I've realized that when I give my money to companies that not only ignore the negative effects of unchecked bro-culture but actively embrace dirty tactics to get the advantage, I have become part of the problem that I am working to eradicate.