a16z|Jul 23, 2026 17:18
"I've known Marc and Ben for a long time, and we got oh-so-close to partnering up at Uber in 2011. I blame Marc, Ben blames himself but let's just say it was on all of us and in 2017 Uber suffered the consequences of not having Marc on the board - iykyk."
7 minutes of Travis Kalanick and Ben Horowitz on how the story went down from both sides:
"I have this whole fundraising process that I would do just to perfection, and that means I'd run an auction."
"And I would do this thing where I would say, 'We don't know, this is gonna be one of the hottest deals in Silicon Valley this year. We don't know where the price is gonna be, where it's gonna go to, but it's at least blank.'"
"And I call this the uncapped anchor, meaning I'm never in a place where I'm negotiating with somebody where I'm here and they're here and we meet in the middle. I'm always saying, 'It's at least this, and it can go up.'"
"We got to 375 million pre with a16z."
Ben: "I was like, 'F***, I know we should do that deal. We lost the deal.'"(a16z)
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