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travis-kalanick-background

Travis Kalanick

CEO
Side Project
Does Code
Founded:
Uber
Year of founding:
2009
Current age:
43
Net worth:
$2.6bn

1. Background

Education: (Dropped Out) Bachelor of Science, Computer Science

College: University of California, Los Angeles (UCLA)

Previous Career: Co-Founded Red Swoosh and sold it to Akamai Technologies for $23 million

2. Origin Story

Background

Travis Kalanick's background is quite similar to the stereotypical 'Big tech CEO' background. While Kalanick was in college studying Computer Science, he dropped out to work on Scour, a P2P search engine, with his classmates. Problems with lawsuits led to Scour filing for bankruptcy and an eventual shut-down. Travis Kalanick then co-founded Red Swoosh, a networking software company, with Michael Todd, one of the founders of Scour. After a fall-out with Todd and other legal problems, Red Swoosh was on the verge of bankruptcy, but Kalanick managed to secure additional funding to see them through to success. So much so, that Akamai bought the company for $23 million. After Travis Kalanick became a millionaire, he spent a year traveling the world.


The Spark

Uber’s story began in Paris in 2008, when Travis Kalanick and his friend Garrett Camp (Founder & CEO of StumbleUpon at the time) were attending the famous tech conference LeWeb. The concept for Uber came about when the pair was unable to get a cab. Initially, the idea was for a timeshare limo service that could be ordered via an app. After the conference, Kalanick and Camp went their separate ways, but when Camp returned to San Francisco, he continued to be fixated on the idea and even bought the domain name UberCab.com.


'UberCab'

In 2009, Camp began working on a prototype for UberCab as a side-project. He persuaded Travis Kalanick to join as the 'Chief Incubator', and the service was tested in New York in early 2010 using only three cars. The official launch took place in San Francisco in May 2010, and a good performance saw them raise $1.25 million in October, led by First Round Capital. Soon after, Travis Kalanick took over as CEO. The ease and simplicity of ordering a car fueled the app’s rising popularity. After a cease-and-desist order by the transportation board over the use of the word 'cab', they changed their name to Uber and bought the domain 'Uber.com'.

Hockey-Stick Growth

At the time of launch, Uber's service included only black cars and limos. Under Travis Kalanick's leadership, they soon pivoted to a more affordable model by the introduction of UberX, which included cars like Toyota Prius and Cadillac Escalade. Thus began Uber's exponential growth, rapid expansions, battle with regulations, and controversy-laden path to success.

3. Other interesting points

- When he was 18, Travis Kalanick and a partner started an SAT prep business, New Way Academy. He apparently scored 1580/1600 on his SATs.

- In his spare time, Travis used to passionately play Wii Sports Tennis, even ranking as the second best player in the world at one point.

- The house that Travis Kalanick bought after selling Red Swoosh became known as the "jam pad," because many young entrepreneurs visited to discuss ideas. Gary Vaynerchuk and Box co-founder Aaron Levie were among those who crashed on Kalanick's couch. The house even had its own Twitter account.

4. Quote

"You won’t be a good entrepreneur if you are satisfied after solving one problem. There are always bigger challenges." - Travis Kalanick

5. Company growth & sources (links)

Personal Story

How did they grow the company?

Sources

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