David Rosenthal: uncertainty

Transcript context

…I want to make some crack here that maybe they should have sketched the unit economics for Uber on something a little bit more high fidelity than a napkin. No. They're actually great, and this gets back to Travis being really smart. I don't know if it was specifically from that dinner, but the outcome of that week is Garrett was thinking about buying these Mercedes and renting a garage and storing them themselves. Travis, based on looking at the economics, he's like, do not buy cars. Whatever you do, do not buy cars, use the existing cars that limo drivers, that sedan drivers already have, and just give them iPhones, and put the app on there. That's all you need to do, and the economics are going to be so much better. By the end of the week, he's convinced Garrett not to take the Mercedes approach. Travis is intrigued enough by what's going on. He says, all right, I'm in. I'm not going to join. I'm still thinking about other things that I might want to do in my other Angel investments, but I'll Angel invest in this, and I'll be a super advisor to the company. This is my favorite part of this story that he's committing, but to what? It's like, I want to be active. I'm not joining, but I'm in.…

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