In today’s news: Ola says fuck you to its biggest investor.
… a person close to Ola’s board said the co-founders and some smaller investors made the changes to specifically put restrictions on SoftBank.
Ola’s founders have strengthened their rights relative to SoftBank despite the fact that SoftBank has recently increased its stake in the company after pumping an additional $250 million into Ola in November.
SoftBank owns nearly 40% of Ola, which also counts Matrix Partners, Tiger Global, Sequoia Capital, Steadview Capital, Accel Partners and others as investors.
Snapdeal effect? Ola restricts SoftBank rights, strengthens those of founders, May 18, 2017, at 06:34 PM
Also, in today’s news: Ola finding it hard to raise more funding
It is looking for more but funds have been tough to come by as potential investors have backed off from putting cash into an Uber rival in a sector that is yet to prove it can deliver profits.
We get what we invest in. The time we spend comes back, with interest.
The difference between who you are now and who you were five years ago is largely due to how you’ve spent your time along the way.
The habits we groove become who we are, one minute at a time. A small thing, repeated, is not a small thing.
Seth’s Blog: Who are we seeking to become? – April 26, 2017, at 12:20 PM
Its valuation is that high despite the fact that it’s not profitable, and despite the fact that it has little protection from competitors baked into what it is and does.
Uber’s valuation, in other words, is a reflection of the global marketplace and not a reflection of Uber’s own durability as a company.
What Happens If Uber Fails?, March 23, 2017 at 03:00AM
I don’t want to get a $800 phone and then lose or drop it and feel horrible afterwards. I don’t even use my phone all that much and I have no apps or fancy stuff on it.
You get yourself a fancy phone and then you put the fancy stuff that goes into your fancy phone and bam, your life is not as simple as it was anymore.
Poetry in (slow) motion, January 3, 2017 at 11:28PM