Former Uber CEO Says Investor Lawsuit a ‘Public and Personal Attack’

Former Uber CEO Says Investor Lawsuit a 'Public and Personal Attack'

The ousted chief executive of Uber Technologies called a lawsuit filed against him by one of the company’s top investors a “public and personal attack” without merit, according to court documents filed late on Thursday.

Venture capital firm Benchmark Capital, which says it owns 13 percent of Uber and controls 20 percent of the voting power, sued former Uber CEO Travis Kalanick last week to force him off the board, where he still has a seat, and rescind his remaining power there, citing fraud and deception.

Kalanick, in the first court filing in response to the lawsuit, said Benchmark’s legal action is part of a larger scheme to oust him from the company he helped found and take away his power. He also argued that the legal quarrel should take place in arbitration.

ALSO SEEUber Investor Benchmark Capital Says Gave Former CEO Kalanick a Month Before Suing

Benchmark’s lawsuit marks a rare instance of a well-regarded Silicon Valley investor suing the central figure at one of its own, highly successful startups. The case has stunned Silicon Valley’s venture capital community and created a divided Uber board and infighting among shareholders, many of whom have criticised Benchmark for suing.

At issue is a change to the board structure in 2016 to expand the number of voting directors by three, with Kalanick having the sole right to fill those seats.

In its lawsuit, Benchmark argues that Kalanick hid from the board a number of misdeeds, including allegations of trade-secret theft involving autonomous car technology and misconduct by Kalanick and other executives in handling a rape committed by an Uber driver in India, when he asked Uber’s board to give him those extra seats.

Benchmark says it was “fraudulently induced” to agree to the change and wants Kalanick to give up control of those seats.

Kalanick’s court filing rejects that allegation, saying that at the time of the board change “Benchmark was fully aware of all of the allegations involving Kalanick”, yet the firm “made no mention of having been ‘fraudulently induced’ to enter” into the agreement. Through May, the venture firm continued to support him. Then in June, Benchmark was part of a group of five investors who demanded Kalanick’s resignation as Uber’s CEO.

“The Benchmark principals also handed Kalanick a draft resignation letter, and told him he had hours to sign it, or else Benchmark would start a public campaign against him,” the court filing said.

Benchmark first backed Uber in 2011 with an investment of $12 million, according to court filings. With 13 percent ownership at the $68 billion valuation that Uber achieved last year, Benchmark’s stake would be worth almost $9 billion.

“Resorting to litigation was an extremely difficult step for Benchmark,” the firm said in a statement through a spokeswoman. “Failing to act now would mean endorsing behavior that is utterly unacceptable in any company, let alone a company of Uber’s size and importance.”

[“Source-gadgets.ndtv”]

Where in the world is former The Bachelor Blake Garvey?

Blake Garvey was The Bachelor in 2014With The Bachelor returning to screens tonight, this time with lovable rogue Matty Johnson as the protagonist, it gets fans wondering about the ones who have gone before.

There’s no missing season one’s Tim Robards and his fiance Anna Heinrich with their Insta-boasting.

Sam Wood and Snezana Markoski, who starred on season three, arguably the nation’s favourite The Bachelor pairing, are also engaged and due to welcome a baby girl in September.

There has been a question mark hanging over the relationship status of season four’s Richie Strahan and his chosen one, Alex Nation, for the last few months.

That leaves season two’s Blake Garvey, 34, forever known as the Bachelor who proposed on national television and then dumped his fiancee before the finale even had a chance to air.

After an emotional Sam Frost, 28, appeared on national televisionsaying she felt “confused” and “played” and like he had taken that special moment of being engaged away from her, Garvey was dubbed the “most hated man in Australia”.

But it didn’t stop his tell-all interview with Woman’s Day in which he declared his love for the second runner-up, Louise Pillidge.

The topless waiter-turned-strip club owner-turned-auctioneer-turned-reality TV star attempted a rebrand by appearing on Celebrity Apprentice, but found no joy and was the second star to be fired by Mark Bouris — preceded only by a Gabi Grecko — after a heated boardroom exchange with Richard Reid, who called him the “biggest pretender on Earth,” before describing him as “manipulative, cunning and passive aggressive” and suggesting he was only on the show to try and stay in the spotlight.

The final straw for the public seemed to come when he appeared, again, on a magazine cover alongside Pillidge to announce their split, alongside a solemn-looking photoshoot, wherein Garvey “fought back tears” to reveal that he did the dumping.

Feeling hard done by the public backlash and Ten allegedly trying to distance itself from him, he deleted his social media presence last year, in a bid to leave his The Bachelor title behind and live out his days in the Perth real estate industry.

Formerly of LJ Hooker North Beach, Perth, he set up Elite Auctions, which promise to bring “quality and flair” to every auction.

“He has put the message out there that he doesn’t want to be contacted,” a source close to him told Fairfax Media.

Amber Gelinas, 29, who one of the 25 women to compete for Garvey’s heart on season two, has not seen him since.

“Blake never really tickled my fancy to begin with so staying in touch post-production didn’t really seem necessary to me,” she said.

“Since his split with Louise he’s pretty much dropped off the map. Maybe the whole being, ‘Australia’s most hated man’ thing really got to him?”

Fairfax Media asked Blake Garvey for comment but he did not respond.

[“Source-smh”]

Brazil artists turn former government building into creative centre

Image result for Brazil artists turn former government building into creative centre

Creativity is blooming in one of the least likely of places in Brazil.

The 13-storey Ouvidor building in the heart of Sao Paulo used to be a local government building before it fell out of use.

Empty and derelict, the site was wasted until 300 painters, sculptors, circus performers and musicians moved in, transforming it into an artistic hub.

Now, they want the house officially declared a creative centre.

Al Jazeera’s Daniel Schweimler reports from Sao Paulo.

[“Source-aljazeera”]

Snapdeal Appoints Former Zoomcar govt Mayank Jain as Head of boom

Snapdeal Appoints Former Zoomcar Executive Mayank Jain as Head of Growth

E-commerce main Snapdeal Friday said it has appointed Zoomcar former senior V-P Mayank Jain Head ofboom.

With over 10 years of enjoy, Jain has additionally worked at Mu Sigma commercial enterprise answers, Advanta Corp and Capital One previous to Zoomcar, Snapdeal stated in a statement.

At Zoomcar, he led the goods and analytics, and virtual advertising capabilities, it brought.

“At Snapdeal, Mayank may be leading user growth strategy and attention on harnessing the value of analytics to construct a highacting growth strategy,” it said.

he’s going to play a pivotal position in constructing a road map for the employer‘s imaginative and prescient of attaining 20 million every day transacting users by means of 2020, Snapdeal added.

“Mayank brings on board a wealthy know-how of the use of analytics for increase. As we are operatingtowards our vision of 20 million daily transacting users, i’m positive he’s going to upload notable costand in addition gasoline our boom,” Snapdeal co-founder Rohit Bansal stated.

Jain said: “Analytics will play a key role in shaping this environment and that i look ahead to making asizable contribution towards this purpose.”

The employer has been roping in executives from across industries to power its operations and increase.

in advance this week, Snapdeal had announced the appointment former Hindustan Unilever logo Director Kanika Kalra as vice-president marketing.

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Tags: Apps, E trade, India, internet, Mayank Jain, Snapdeal