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Yes, there are several companies that have successfully implemented practices similar to Uber's growth strategy. These include companies like Airbnb, Lyft, and DoorDash. They have adopted a similar approach of aggressive expansion, obsessive product focus, and minimal bureaucracy. However, it's important to note that while these strategies can fuel rapid growth, they can also lead to challenges and criticisms, as was the case with Uber.
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A syndicate of Uber's largest shareholders, Benchmark, Lowercase, First Round and Menlo, who held nearly 25% of Uber's stock, gave an ultimatum to Kalanick to step down by 6 PM the same day. If he agreed, he would get a graceful exit. If Kalanick refused, the investors would go public, and their letter would land on the front page of the New York Times. Kalanick was initially furious, but when he realized the number of investors behind the plan, he agreed to step down as CEO and continue on the board.
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Learn how Uber's growth was fuelled by obsessive product focus, broken rules, growth at all costs and minimal bureaucracy from the book that inspired...
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