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if you're Uber and you've invented push a button, get a car, everyone in the world wants that because everyone else who doesn't have that is like, Oh my God, why is there no Uber here? I want Uber. Yeah. And sometimes when your market is big enough, that's years and years and years of losses to get that distribution out into the market.
your Uber numbers, world class, like hitting the ball out of the park times 1000. Beautiful, beautiful strike on that ball. And it just sailed. Like it left the park, it left in universe. It was a beautiful, beautiful ball. Still down. Unbelievable.
Some companies like Webflow, Bubble, Calm.com, Notion have skipped rounds of funding. And we were involved in Calm.com. And we watched them skip two rounds of funding, three rounds of funding. And that meant our percentage ownership along with the founders was very high, because we didn't dilute. And then as a company came worth and worth more and more, we didn't have to put up a bunch of pro rata, we didn't have to keep investing to keep our percentage ownership. And that was amazing for everyb
Sometimes you get people who hit two or three, I've hit three or four really big ones. And they kind of define your career, Robin Hood, com, Uber, these things are career defining, I've gotten very lucky to hit, you know, three plus in a decade, you know, there'll be more, you know, down the road.
I mean, it's a pretty cool thing, right? Yeah. I mean, you can look at the sort of academic industrial complex as it currently exists today, that is totally broken. I mean, it's just a disaster as far as anyone can tell. And it needs competition. It needs basically, it needs to, it needs to figure out how to innovate. And the only way to do that is to force them to do it. And the best way to do that is have new entrants like that, or Lambda, or, you know, the fact that you can go online now and
All right, listen, he's indefatigable, indefatigable, and he is resilient, and he's super pumped. And he's brilliant. And he's a great leader. And he's relentless. And he's driven. I mean, so many great qualities.
So think about Uber, when Uber first started, you know, if you went to somebody on the streets of San Francisco in 2005, and said, Hey, you can push a button on a phone, and a car will show up and take you wherever you want to go. And you don't have to pay for it. And it's a clean car. And it's fast. And it's all rated. Everyone in the streets will be like, Oh, my God, can I have that? How much do I have to pay for that is so powerful.
Now is that directly competitive with comp? No. But does calm have sleep stories? Yes. So they have sleep story for kids? Yes. Do they do massage? No. And what that does is it actually helps me with the calm team because now I've got investments that if they want to do an acquisition later, okay, you know, maybe these two companies could come together
Now, you look at something like calm.com or clubhouse, you know, they can go into another market and even localize into another language so quickly because there's all these third-party tools and infrastructure.
I had to add a personal experience with like a almost like a cold poker read where I was at a like sort of a celebratory banquet and they were honoring Elizabeth Holmes and she got up to talk and I remember it like it like hit me like a bolt of lightning I don't even know she said but I turned to my now ex and I was like that woman's a fraud
I think part of the reason we have low unemployment in this country is because of the gig economy and I think the reason we have rising wages is because the gig economy gives entry-level workers the ability...
I'm personally biased a little bit being the third investor in uber and making a career out of it but I will say I think actually these two things are not disparate if you look I think part of the reason we have low unemployment in this country is because of the gig economy and I think the reason we have rising wages is because the gig economy gives entry-level workers the ability...