Happy Birthday Travis Kalanick: The Man Behind The World’s Most Valued Startup, Uber !

Must Read

Superstitions across different countries – An Overview

Some believe that a superstition is anything that people believe that is based on myth, magic, or irrational thoughts. They are beliefs that are steeped in lore or tradition, and it is usually difficult to pinpoint the exact origin. Here is a brief compilation of Superstitions which are prevalent across different countries.

1.5 Million Engineers Pass Out In India Every Year, Fewer Getting Hired [Trends]

Engineering colleges have been springing up like wild mushrooms in India in the last few years. Their number has...

World’s Most Popular Ad Slogans: A Brief List To Inspire With !

Advertisement plays an important role for companies as well as consumers world wide. It gives a seller an opportunity...
Swathi R Mhttp://dazeinfo.com
An enthusiastic learner on the spree of social media analysis. On a voyage to unleash the unseen dimension of ever amazing Social Media.

The perception of a platform that caters the needy with the essential services and reinventing it into a reality is amazing. With sales being a primary focus as a young boy, he excelled in marketing Cutco knives as a door-to-door salesman. At the age of 18 years, Travis Cordell Kalanick came up with his venture named New Way Academy a tutoring firm. He loved mathematics and devised easy means to get through the calculations in lesser time. These calculations and analysis helped him comprehend the wait time of the commuters for a taxi in San Francisco and to eliminate this he came up with the innovative concept of Uber – world’s highest-valued startup at $72 billion now.

Date of Birth: August 6, 1976

Net Worth: $4.8 Billion (as of March 2018)

Advertisements

Uber Technologies evolved in 2009 with the duo Travis Kalanick and Garrett Camp co-founding the venture. It is a simple mobile application that enables the riders to access the ride by a simple booking through this application. Uber now has widespread across 300 cities in 58 countries.  Though he is termed to controversial at times and Uber also is facing opposition he stands to be the outstanding entrepreneur to make Uber worthy of whooping $41.2 billion with raising $4 from the investors. On this day the entrepreneur was born before 39 years, to make this occasion a memorable one it is a small endeavour to unleash some of the interesting yet less known facts about the co-founder.

1. Being a dropout from the University of California, Los Angeles (UCLA) in 1998, he started off along with his schoolmates to co-found Scour Inc, a multimedia search engine. It is one of the early peer-to-peer file exchange services. Owing to bankruptcy the firm shut its operations in the September of the same year. Failure never is the end with this motive the futurist took up his new project called Red Swoosh in 2001 on the same lines of the prior project. The project, however, was acquired by Akamai Technologies in 2007 for $19 million. The two ventures ended up as futile. He nicknamed himself to be the “non-luckiest entrepreneur of the year,” in one of his public addresses and recreated the past in a jesty manner.

2. His area of operation includes transportation, consumer internet, and enterprise content delivery. Uber, it calls itself to be the “Everyone’s Private Driver,” have blended the business innovation with disruptive technology to meet the urban commute challenges. Uber follows a three employee policy in every city it operates. Only through three executives, the service is operational all over the city.

3. Uber bought in a unique culture of rating users. Though there are a number of early apps requesting for a feedback from the customer, this stands out to be a unique feature allowing the drivers to rate the customers. The customer with the least rating is less preferred by the drivers owing to a long wait. On June 3, 2015, to grace the occasion of five years anniversary of Uber Travis Kalanick CEO and co-founder delivered a special address to employees he stated the driver partners to be the heart and soul of the company. Drivers at Uber enjoy liberty and Uber no more abide by the antique clock policy of drivers and holding them for long. He accredits the successful voyage of five years to the contribution of drivers.

chartoftheday_1967_startups_valued_at_one_billion_or_more_n

4. The co-founder has 14 investments spread over 10 companies. He also owns 8-10% of Uber equity it approximately amounts to $1.4 to $1.8 billion presuming common stock ownership.

Advertisements

5. Travis Kalanick also has a rare distinction of being one of the most successful CEOs of the country. Though he was counteracting some issues regarding the customer safety and was banned in most of the countries including Spain and India (temporarily banned) in 2015, he successfully led the broader business war. One of the controversial features of Uber in the US is that anybody with or without an authentication can sign in as a driver on the app and take the business lead. It is turned out to be a threat to the New York’s taxi service. However, in India, the feature is not accessible and drivers commercially registered can take up the task.

In 2016, he got listed in America’s Richest Entrepreneurs Under 40, by Forbes. Consistency and perseverance are the keys to the success of the entrepreneur.  In his words “As an entrepreneur, I try to push the limits. Pedal to the metal” signifies his commitment towards attaining his goal of giving a better version of commutation.

1 COMMENT

  1. Imagine all the people, driving or riding for Uber…..
    Then travis kalaDick shall run presidency for 2016.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

India the 3rd Worst Economically Affected Nation by Internet Shutdowns in 2019: Report

2019 saw an increasing awareness about internet shutdowns in the Indian population due to unprecedented first-hand experience...

Amazon and Flipkart Under The Lens Of Indian Authorities For Competition Squashing Activities!

The ongoing tug of war between Offline and Online retailers in India seems to be far from over. On Monday, the Competition...

Constant Internet Suspensions In India Affecting Online Transactions and Economy Adversely

In the wake of the highly controversial and prejudiced Citizenship Amendment Act and other related legal developments such as the NRC, IT...

The Current Generation Require Technology In Class To Make The Most Of Future Opportunities

Technology is the current drive for everything. It has influenced all aspects of life, including cultures. It affects the way we live,...

Reliance Jio Offers Free Calls Over WiFi: Activate It Now

Following Airtel’s launch of VoWiFi calling in December 2019, Jio has now started rolling out VoWiFi calling, as well.

UPI Scam: A Man Loses Rs. 1.01 Lakhs While Using Paytm and Google Pay

Facebook finds it itself in the middle of its first scam of the new decade and the catalyst seems to be its...

In-Depth: Dprime

YouTube Should Have Bid Adieu To Dislike Button Much Earlier?

Online video sharing platform YouTube can be a ruthless place for content creators targeted by 'dislike mobs'. And the site owners totally understand that...

Facebook Has Pulled Off A Masterstroke By Integrating Its ‘Family Of Apps’?

It’s indeed hard to believe that ONE man sitting at Menlo Park, oversees how nearly a third of the world’s population interacts with each...

Facebook’s Crunch Conquest: By Relying Largely On The US Market, Is Facebook Running a Risk?

Two billion! That's Facebook, Inc. (NASDAQ: FB) for you - Right when you thought that this social-media giant has already connected the entire world, it's...

More Articles Like This