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THE RACE for AUTONOMOUS RIDE-HAILING: Developing a Strategy for Success
THE RACE FOR AUTONOMOUS RIDE-HAILING: Developing a Strategy for Success BY CHANDRASEKAR IYER & RICH ALTON SEPTEMBER 2019 TABLE OF CONTENTS Executive Summary 3 Introduction 4 The AV Landscape: A Snapshot 5 Group 1: Well-Resourced Players Targeting Established Ride-Hailing Markets 5 Group 2: Less-Resourced Players Initially Targeting Simpler Applications 6 Group 3: Incumbent Ride-Hailing Networks 7 AV Technology: Disruptive or Sustaining? 8 Diagnosis and Recommendations 11 To Well-Resourced Players: Become the Metaphorical Microsoft 11 To Less-Resourced Players: Own Your Niche 12 To Incumbent Ride-Hailing Networks: Pursue Partnerships but Retain Flexibility 13 Conclusion 14 Notes 15 About the Institute, About Tata Consultancy Services, About the Authors 18 CLAYTON CHRISTENSEN INSTITUTE 2 TATA CONSULTANCY SERVICES EXECUTIVE SUMMARY The race to win in autonomous vehicles (AVs) is well underway, with scores of companies scrambling to make their mark in the new market. While AVs stand to advance industries from farming to long-haul trucking, it’s their ability to completely transform passenger transportation that has caught the imagination of the public. Because AVs are likely to be too expensive for personal ownership, there is 1. Well-resourced players new to ride-hailing should become the broad consensus that deploying them within ride-hailing networks will be, metaphorical Microsoft. Players like Waymo and GM Cruise should at least initially, one of the most commercially viable paths for autonomous avoid the temptation of using their vast amount of capital to engage in passenger transportation. But capturing a slice of the ride-hailing market head-on competition with entrenched incumbents. -
1 in the Court of Chancery of the State of Delaware Julie
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE JULIE FRIEDMAN, derivatively on behalf of ) EXPEDIA, INC., ) ) Plaintiff, ) ) v. ) ) DARA KHOSROWSHAHI, BARRY ) C.A. No. 9161-CB DILLER, VICTOR A. KAUFMAN, A. ) GEORGE BATTLE, JONATHAN L. ) DOLGEN, CRAIG A. JACOBSON, PETER ) M. KERN, JOHN C. MALONE, JOSE A. ) TAZON and WILLIAM R. FITZGERALD, ) ) Defendants, ) ) and ) ) EXPEDIA, INC., a Delaware Corporation, ) ) Nominal Defendant. ) MEMORANDUM OPINION Date Submitted: June 16, 2014 Date Decided: July 16, 2014 David A. Jenkins and Neal C. Belgam of Smith Katzenstein & Jenkins LLP, Wilmington, Delaware; Eduard Korsinsky and Steven J. Purcell of Levi & Korsinsky LLP, New York, New York, Attorneys for Plaintiff. Gregory P. Williams, Lisa A. Schmidt and Susan M. Hannigan of Richards, Layton & Finger, P.A., Wilmington, Delaware; Warren R. Stern and Jonathon R. LaChapelle of Wachtell, Lipton, Rosen & Katz LLP, New York, New York, Attorneys for Defendants. BOUCHARD, C. 1 I. INTRODUCTION This action involves a seemingly increasing area of litigation in this Court: claims challenging the payment of compensation to an officer or director of a Delaware corporation based on an alleged violation of the terms of a compensation plan. Asserting such claims derivatively, stockholders invariably argue that demand is excused on the theory that a violation of an unambiguous provision of a compensation plan raises a reasonable doubt the transaction resulted from a valid exercise of business judgment and, as the plaintiff here put it, “ ipso facto establishes demand futility under the second prong of Aronson. ”1 In this case, plaintiff Julie Friedman asserts claims for breach of fiduciary duty (Count I) and unjust enrichment (Count II) concerning the decision of the compensation committee of the board of directors of Expedia, Inc. -
The Uber Board Deliberates: Is Good Governance Worth the Firing of an Entrepreneurial Founder? by BRUCE KOGUT *
ID#190414 CU242 PUBLISHED ON MAY 13, 2019 The Uber Board Deliberates: Is Good Governance Worth the Firing of an Entrepreneurial Founder? BY BRUCE KOGUT * Introduction Uber Technologies, the privately held ride-sharing service and logistics platform, suffered a series of PR crises during 2017 that culminated in the resignation of Travis Kalanick, cofounder and longtime CEO. Kalanick was an acclaimed entrepreneur, building Uber from its local San Francisco roots to a worldwide enterprise in eight years, but he was also a habitual rule- breaker. 1 In an effort to put the recent past behind the company, the directors of Uber scheduled a board meeting for October 3, 2017, to vote on critical proposals from new CEO Dara Khosrowshahi that were focused essentially on one question: How should Uber be governed now that Kalanick had stepped down as CEO? Under Kalanick, Uber had grown to an estimated $69 billion in value by 2017, though plagued by scandal. The firm was accused of price gouging, false advertising, illegal operations, IP theft, sexual harassment cover-ups, and more.2 As Uber’s legal and PR turmoil increased, Kalanick was forced to resign as CEO, while retaining his directorship position on the nine- member board. His June 2017 resignation was hoped to calm the uproar, but it instead increased investor uncertainty. Some of the firm’s venture capital shareholders (VCs) marked down their Uber holdings by 15% (Vanguard, Principal Financial), while others raised the valuation by 10% (BlackRock).3 To restore Uber’s reputation and stabilize investor confidence, the board in August 2017 unanimously elected Dara Khosrowshahi as Uber’s next CEO. -
Practice Fusion Gets $23 Million to Compete in “Winner-Take-All” Market for Electronic Medical Records Technology Wade Roush 4/5/11
Practice Fusion Gets $23 Million To Compete in “Winner-Take-All” Market for Electronic Medical Records Technology Wade Roush 4/5/11 Practice Fusion, a San Francisco startup that claims to be the fastest-growing maker of electronic medical records systems for physicians’ practices, may be able to supercharge that growth now, thanks to a $23 million infusion from Peter Thiel’s Founders Fund and a posse of other investors. The Series B investment, announced today, brings Practice Fusion’s total venture backing to $30 million and will help the company “reach every doctor and practice in the country in our market,” says founder and CEO Ryan Howard. Founders Fund, started in 2005 by Thiel and fellow PayPal alums Ken Howery and Luke Nosek, is a first- time investor in Practice Fusion, as are syndicate partners Artis Capital Management and Glynn Capital Management. Series A investors Morgenthaler Ventures and Felicis Ventures also participated in the round. With billions in dollars in federal incentives awaiting medical practices that adopt electronic recordkeeping systems, there’s a veritable gold rush underway, with dozens of startups and established companies vying to supply doctors with systems for digitizing patient records, reviewing test results, ordering electronic prescriptions, and the like. Practice Fusion, with its free, easy-to-adopt Web-based system, is seen as one of the leaders in the field. The big jump in funding for the five-year-old startup—from a $7 million A round in early 2010 to the current $23 million B round—is in part a recognition of how quickly its system seems to be catching on with doctors. -
Venture Capitalists at Work How Vcs Identify and Build Billion-Dollar Successes
Venture Capitalists at Work How VCs Identify and Build Billion-Dollar Successes Tarang Shah Sheetal Shah Venture Capitalists at Work Copyright © 2011 by Tarang Shah and Sheetal Shah All rights reserved. No part of this work may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, record- ing, or by any information storage or retrieval system, without the prior written permission of the copyright owner and the publisher. ISBN-13 (pbk): 978-1-4302-3837-9 ISBN-13 (electronic): 978-1-4302-3838-6 Trademarked names may appear in this book. Rather than use a trademark symbol with every occurrence of a trademarked name, we use the names only in an editorial fashion and to the benefit of the trademark owner, with no intention of infringe- ment of the trademark. President and Publisher: Paul Manning Lead Editor: Jeff Olson Editorial Board: Steve Anglin, Mark Beckner, Ewan Buckingham, Gary Cornell, Morgan Ertel, Jonathan Gennick, Jonathan Hassell, Robert Hutchinson, Michelle Lowman, James Markham, Matthew Moodie, Jeff Olson, Jeffrey Pepper, Douglas Pundick, Ben Renow-Clarke, Dominic Shakeshaft, Gwenan Spearing, Matt Wade, Tom Welsh Coordinating Editor: Jessica Belanger Editorial Assistant: Rita Fernando Copy Editor: Kimberly Burton Compositor: Mary Sudul Indexer: SPi Global Cover Designer: Anna Ishschenko Distributed to the book trade worldwide by Springer-Verlag New York, Inc., 233 Spring Street, 6th Floor, New York, NY 10013. Phone 1-800-SPRINGER, fax 201-348- 4505, e-mail [email protected], or visit http://www.springeronline.com. For information on translations, please contact us by e-mail at [email protected], or visit http://www.apress.com. -
Selection Committee 2015
Technology Pioneers Selection Committee 2015 Linda Boland Abraham Co-Founder and Executive Vice- comScore Inc. USA President, Global Development Noubar Afeyan Managing Partner and Chief Flagship Ventures USA Executive Officer David B. Agus Professor of Medicine and USC Center for Applied USA Engineering Molecular Medicine Howard Alper Chair and President Science, Technology and Canada Innovation Council Jim Andrew Executive Vice-President; Chief Royal Philips Netherlands Strategy and Innovation Officer; Chairman, Sustainability Board; Member, Executive Committee Takao Asami Global Alliance Vice President, Renault-Nissan Alliance Japan Research and Advanced Engineering Remi Bastien Vice-President, Advanced Renault-Nissan Alliance France Research, Materials Morgan Bazilian Deputy Director Joint Institute for Strategic USA Energy Analysis Marthin de Beer Senior Vice-President, General Cisco USA Manager, Emerging Technologies Group Brian Behlendorf Managing Director Mithril Capital Management USA LLC John Bell President, Academy of Medical University of Oxford United Sciences and Regius Professor of Kingdom Medicine Henry Blodget Chief Executive Officer and Business Insider Inc. USA Editor-in-Chief Barbara Burger Vice-President of Lubricants Chevron Corporation USA Supply Chain and Base Oil Marco Cantamessa Professor, Department of Politecnico Di Torino Italy Management and Production Engineering (DIGEP) Tony F. Chan President The Hong Kong University of Hong Kong Science and Technology SAR George F. Colony Chairman of the Board and Chief Forrester Research Inc. USA Executive Officer Michael Copeland Partner Andreessen Horowitz USA Todd C. Cozzens Venture Partner Sequoia Capital USA Jeffrey M. Drazen Editor-in-Chief The New England Journal of USA Medicine Esther Dyson Founder Health Intervention USA Coordinating Council (HICCup) Jennifer Elisseeff Professor Johns Hopkins University USA Bob G. -
Uber-Technologies-Inc-2019-Annual-Report.Pdf
2019 Annual Report 69 Countries A global tech platform at 10K+ massive scale Cities Serving multiple multi-trillion dollar markets with products leveraging our core technology $65B and infrastructure Gross Bookings We believe deeply in our bold mission. Every minute of every day, consumers and Drivers on our platform can tap a button and get a ride or tap a button and get work. We revolutionized personal mobility with ridesharing, and we are leveraging our platform to redefine the massive meal delivery and logistics 111M industries. The foundation of our platform is our MAPCs massive network, leading technology, operational excellence, and product expertise. Together, these elements power movement from point A to point B. 7B Trips UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38902 UBER TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 45-2647441 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1455 Market Street, 4th Floor San Francisco, California 94103 (Address of principal executive offices, including zip code) (415) 612-8582 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange Title of each class Trading Symbol(s) on which registered Common Stock, par value $0.00001 per share UBER New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. -
Transcript Peter Thiel: Escape the Competition (A)
Transcript Peter Thiel: Escape the Competition (A) PETER THIEL: “The greatest adventure is what lies ahead. Today and tomorrow are yet to be said. The chances the changes are all yours to make. The mold of your life is in your hands to break.” NARRATOR: That was Peter Thiel, reciting “The Greatest Adventure” by J.R.R. Tolkien. Peter Thiel is the co- founder of PayPal, and his unconventional career reflects the adventures of someone who was clearly willing to break the mold. No surprises, then, “The Greatest Adventure” is a poem he has memorized. In this first-ever “podcase,” adapted from the Masters of Scale podcast, Thiel discusses the early history of PayPal with his longtime friend, frequent collaborator, and our host, Reid Hoffman. Hoffman himself is a character in the story. He’s now best known as the Co-Founder of LinkedIn, and an iconic Silicon Valley investor at Greylock Partners. But before that, he served alongside Thiel as PayPal’s Chief Operating Officer. Thiel often refers to Hoffman as PayPal’s “Firefighter in Chief.” A bit of back story might be useful: Peter Thiel initially co-founded a company called Confinity, focused on online payments. Confinity merged with a company called X.com — which was co- founded by Elon Musk. The new company was re-named PayPal. And those founding executives have gone on to dominate the tech industry, both by launching startups and investing in them. Elon Musk went on to found Tesla and SpaceX, for example. Thiel and Hoffman were among the earliest investors in Facebook. -
Crisis Communication Plan Kyle Werner, Olivia Buffington, Sloan Taylor, Lauren Miller
Crisis Communication Plan Kyle Werner, Olivia Buffington, Sloan Taylor, Lauren Miller Table of Contents Section 1. Crisis Overview 1.1 Crisis Definition………………………………………………………………………..……...3 1.2 Crisis Communication Plan Overview…………...……………………………………….…...3 1.3 Situation Analysis……………………………………………………………………..….…...4 1.4 Crisis Response Guidelines………..……………………………………………………….….6 1.5 Crisis Communication Team Members…………………….……………………………........7 Section 2. Uber Crisis Team Guidelines 2.1 Information Flow Chart…………………………………………………………………….....9 2.2 Fact Sheet……………………………………………………………………………...……..10 2.3 Social Media Plan………………………………………………………………………...….14 2.4 Social Media Sample Posts…………………………………………………………..............15 Section 3. Media Guidelines 3.1 Potential Media Questions........................……………………………………………….......17 3.2 Media Guidelines………………………………………………………….............................22 3.3 Key Media Contacts………………………………………..…………...................................23 Section 4. Crises by Category: 4.1 Challenges………………………………………………........................................................25 4.2 Malevolence………………………………………………….................................................29 4.3 Organizational Misdeeds……………………………………….............................................34 4.4 Workplace Violence………………………………………………….....................................39 Section 5. Sample Media Kit………………………...……………………..……………..........45 Appendix: Forms Incident Report……………...…………………………………………........................................57 Press Conference/Media Sign-in Sheet……………………..…………………………………....59 -
Waymo, Uber Reach Settlement.Indd
THE RECORDER POWERED BY LAW.COM FEBRUARY 09, 2018 Waymo, Uber Reach $244.8M Settlement on Driverless Car Trade Secrets Less than a week into their blockbuster trade secret showdown, Waymo and Uber have settled their dispute over driverless car technology. Ross Todd and Caroline Spiezio | February 09, 2018 SAN FRANCISCO — Less than a week into their blockbuster trade secret showdown, Waymo and Uber have settled their dispute over driverless car technology. The parties announced they reached an agreement Friday morning as jaws dropped in a half-full courtroom, on what was set to be a technology-heavy fifth day of trial before U.S. District Judge William Alsup of the Northern District of California. According to a statement from Waymo, the settlement includes a payment from Uber that includes 0.34 percent of Uber eq- uity—or about $244.8 million in stock based on a $72 billion valuation. Reuters previ- ously reported that Waymo demanded $1 billion in settlement talks last year and had asked Uber for an apology. On Friday, Uber CEO Dara Khosrowshahi expressed “re- grets” in a prepared statement, but stopped Quinn Emanuel Urquhart & Sullivan’s couldn’t comment on the case or settlement. short of a full-blown apology. Charles Verhoeven, who announced the Boies Schiller Flexner partner Karen Dunn, “This case is ancient history,” Alsup told parties had reached a settlement and who represented Uber, was also smiling, the court with a smile after the settlement moved to dismiss the case with prejudice, saying she’ll head back home Saturday. was announced. thanked Alsup for his devotion to the Arturo González of Morrison & Alsup then thanked the jury, telling them case. -
Steamfitters Local 449 Pension Plan V. Diller Et
EFiled: Jul 29 2019 05:08PM EDT Transaction ID 63637764 Case No. 2019-0571-JTL IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE STEAMFITTERS LOCAL 449 PENSION PLAN, directly on behalf of itself and all other similarly situated stockholders of EXPEDIA GROUP INC. and derivatively on behalf of EXPEDIA GROUP INC., Plaintiff, C.A. No. 2019-0571-JTL v. BARRY DILLER, SUSAN ATHEY, A. Public Redaction Version GEORGE BATTLE, COURTNEE Filed July 29, 2019 CHUN, CHELSEA CLINTON, PAMELA COE, JONATHAN DOLGEN, ALEX VON FÜRSTENBERG, CRAIG JACOBSON, VICTOR KAUFMAN, PETER KERN, DARA KHOSROWSHAHI, MARK OKERSTROM, CHRISTOPHER SHEAN, and THE DILLER FOUNDATION D/B/A THE DILLER – VON FURSTENBERG FOUNDATION, Defendants, -and- EXPEDIA GROUP INC. Nominal Defendant. VERIFIED CLASS ACTION AND DERIVATIVE COMPLAINT Plaintiff Steamfitters Local 449 Pension Plan (“Plaintiff”), directly on behalf of itself and all other similarly situated holders of Expedia Group Inc. (“Expedia” or the “Company”) common stock and derivatively on behalf of the Company, brings the following Verified Class Action And Derivative Complaint (the “Complaint”) against the defendants named herein for breaches of fiduciary duty in their capacities as officers, directors, and/or controlling stockholders of Expedia and unjust enrichment. The allegations of the Complaint are based on the knowledge of Plaintiff as to itself, and on information and belief, including the investigation of counsel, the review of publicly available information, as to all other matters. NATURE OF THE ACTION 1. This entire fairness action arises out of Barry Diller’s latest attempt to pass his outsized voting influence over a publicly traded Delaware corporation to his unqualified stepson, Alexander von Furstenberg (“AVF”). -
Uber Technologies, Inc. (Exact Name of Registrant As Specified in Its Charter) ______
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________ FORM 8-K ____________________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 November 9, 2020 Date of Report (Date of earliest event reported) ____________________________________________ Uber Technologies, Inc. (Exact name of registrant as specified in its charter) ____________________________________________ Delaware 001-38902 45-2647441 (State or other jurisdiction of (Commission File Number) (I.R.S. Employer Identification Number) incorporation) 1455 Market Street, 4th Floor San Francisco, California 94103 (Address of principal executive offices, including zip code) (415) 612-8582 (Registrant’s telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions: x Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.00001 per share UBER New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).