How Uber Beat Lyft And Reached A $100B Valuation w/ Emil Michael (Former Chief Business Officer @ Uber)
In this episode, Shamus Madan talks with Emil Michael about the importance of mentors, his career journey post-Harvard, and his transition to the public sector. They discuss the shifting honor from public to private sector and Emil's experience at Uber, including its growth, international expansion challenges, and evolution into a 'SuperApp'. They also explore the future of payment services and the impact of self-driving cars on ride-sharing. Emil offers advice for startups and shares about his personal life and political involvement.
Key Points
- Emil Michael's upbringing with the "immigrant ethic" instilled a drive for independence, self-sufficiency, and a strong work ethic, which he credits as foundational to his success in business.
- Bill Campbell, Emil's mentor, taught him the invaluable lesson of tackling problems head-on, emphasizing that leaning into challenges quickly and decisively is more effective than avoiding them.
- Emil believes in the importance of building and maintaining long-term strategic relationships in business, as these connections can become crucial when seeking opportunities like partnerships or navigating corporate mergers and acquisitions.
Emil Michael immigrated to the United States in the early 1970s. Now well-known as the former Chief Business Officer of Uber, he was instrumental to the company's success. He led Uber's international expansion strategy and helped the company raise nearly $15 billion from key investors worldwide.
In today's interview, we discuss one of the most critical lessons Emil learned from his mentor, Bill Campell, who is famous for mentoring the likes of Jeff Bezos, Larry Page, Eric Schmidt, and Steve Jobs. We will also understand his story and how he helped build Uber into the most valuable ridesharing company in the world.
Twitter of Host (Shamus Madan): @mbitpodcast
Twitter of Guest (Emil Michael): @emilmichael
Chapters
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| 35:07 |
Transcript
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