“I think Bill Gurley and David Bonderman and Arianna [Huffington] — who are on the board, leading this investigation — they are going to do the right thing,” Green said. “They are big professional investors.”
Kalanick has been described by other investors as a “hold-no-prisoners“- style leader. But he’s not the only leader in tech who has faced criticism, Green said.
Amazon, for example, was said to be a “bruising” workplace, according to a 2015 feature in The New York Times (a descriptor Amazon disputes). Facebook’s culture has been described as “cult“-like by former employee Antonio Garcia Martinez.
Still — neither company has faced the kind of concentrated scrutiny that Uber has seen in recent months.
“Unfortunately, Silicon Valley is kind of like Wall Street in the 80’s and 90’s … like the ‘bro culture’ out there. I definitely don’t condone it at all. Changes need to happen at Uber, and lots of other companies too,” Green said.
He added: “Facebook is a hard-charging culture, too. Working for [Amazon CEO] Jeff Bezos is no picnic either, I think. The reason they’ve built the business to where it is, and ran through regulations, is because of the hard-charging culture.”
Uber is in a highly competitive field, especially as companies like Apple have entered the race to build an autonomous vehicle. Uber is fighting Alphabet‘s Waymo in court over self-driving car technology.
But Green said that there will likely be room for more than one winner in the autonomous vehicle market, especially with companies like Apple focused on their flagship products. Green said he doesn’t think any changes to Uber’s valuation are particularly imminent or important.
“The performance of [Uber] remains remarkable,” Green said. “We would have thought with all this PR you would have started to see some negatives, slowdowns to the business. We’ve seen nothing at all, which is absolutely incredible. As far as valuation, a $70 billion valuation could have been $70 [billion], it could have been $65 [billion]. It’s a group of 10 to 15 investors who put a random valuation on the company. …. When we’ll really find out how much it’s worth is when it goes public.”