Fred Wilson: Uber's Travis Kalanick is 'wimping out' and needs to 'take the g------ company public'
One company in Wilson's crosshairs is Uber, the ride-hailing company valued at more than $62 billion in the private market.Its CEO, Travis Kalanick, does not appear to be in any hurry to take the company public.
Kalanick sees an Uber IPO as being a few years off still, and has compared its situation to being like an eighth-grader while people are telling them to go to the prom.Wilson, who isn't an investor in the company, doesn't buy it."He's wimping out. That should be a publicly traded company," Wilson said.
At a certain point, Kalanick needs to return the more than $8 billion that he's raised back to investors. And the investors want it, according to Wilson.
"When you take money from me, am I getting money from you?" Wilson said. "You have a responsibility to give me my money back sometime. You can't just say f--- you. Take the g------ company public."
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