News for hackers. Stuff that matters.

A comment on Benchmark Capital Sues Travis Kalanick for Fraud. Parent comment

Re:Benchmark Capital Sues Travis Kalanick for Fraud by sah2ed on Thursday August 10, 2017 @04:21PM (#14983784)
I think it's more like Bill Gurley not fully looking out for the interests of Benchmark [0] while dealing with Travis when he held the board seat at Uber on their behalf.

Fun fact: Gurley has himself being sued by some founders of a startup (Epinions) in the past for misrepresenting material information [1] prior to a merger.

[0] "Mr. Gurley has remained one of Mr. Kalanick’s few trusted advisers, and the two communicate several times a week ... "

"Yet in many ways, Uber now epitomizes many of the excesses Mr. Gurley has publicly condemned, ..."

from

https://mobile.nytimes.com/2017/03/18/technology/bill-gurley...

[1] https://mobile.nytimes.com/2005/01/26/technology/founders-of...

[ Parent | on HN ]
Re:Benchmark Capital Sues Travis Kalanick for Fraud by pge on Thursday August 10, 2017 @05:03PM (#14984258)
Fwiw, Gurley is legally obligated to make board decisions on behalf of all shareholders not to look out just for benchmark's interests. I don't know that it is relevant in this case but just correcting the common misconception that a board member's job is to look out for his employer's interests.
[ Parent | on HN ]