He's seeing fat in the restaurant business. After leaving Uber’s board of directors yesterday, the ousted co-founder says he will now focus on his delivery food preparation business. His company CloudKitchens received $400 million from Saudi Arabia’s sovereign-wealth fund last month.
As more industries digitize in similar ways, it will be interesting to see how intellectual property law is affected. For instance, if Travis Kalanick builds an infrastructure backbone to remote kitchens that looks a little too much like Ubers’, would his former company take his new one to court over it?
If you're looking for a 2020 vision, perhaps you should bet on kitchens.
Based on Travis Kalanick's complete cut with Uber as of yesterday, and his interest in "cloud" kitchens, what's cooking is delivery-only restaurants.
Deliveroo’s Editions concept in the UK has proved popular and follows the same principle. With lower costs than a traditional take out restaurant this should prove to be a win for customers.
Oh leave it to this Travis guy to always find new ways to exploit workers (often immigrants) while fleecing the customer so that he can personally profit greatly and get out of Dodge before the whole thing implodes. And he wants to “focus on philanthropy”? LMAO. Nope. Not for me. Never going to order
Oh leave it to this Travis guy to always find new ways to exploit workers (often immigrants) while fleecing the customer so that he can personally profit greatly and get out of Dodge before the whole thing implodes. And he wants to “focus on philanthropy”? LMAO. Nope. Not for me. Never going to order from a virtual restaurant. I’ve already read terrible things about food quality and employee wages and treatment throughout his former company’s Uber Eats and its virtual restaurants. He doesn’t need to focus on philanthropy, just creating a company that benefits more than hurts the entire ecosystem it enters.
The Uber business model is not to be further copied. It should be thrown in a dumpster and burned. It’s not inventive. It’s disruptive to already very saturated environments to give grand profits handfuls of shareholders and executives. His companies don’t even make money yet he’s worth 3.1 billion dollars. He’s not a visionary. He’s a charlatan who lacks real creativity.
Someone gift this guy a dictionary. His working definition of philanthropy is creating companies where workers earn less than minimum wage and are refused employee benefits and protections.
Go M. Platts! Private caterers have operated independently for years so they don't need a corporate infrastructure stepping in to improve their business model and aborb their profits. Considering what is happening to Uber maybe there won't be a problem. Happy New Years.