Uber’s chief product officer Manik Gupta is stepping down, and the company is starting a search for a replacement, Gupta said in an email to the team. Meanwhile, Uber CEO Dara Khosrowshahi will manage Gupta’s direct reports, effectively making him head of the product team. He has told colleagues he could hold the role for as long as six months, depending on how the search goes. This is a...
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Stop Paying People So Much
Every startup leadership team wrestles with the trade-offs between growth and profitability. This is fitting and ever shall be. What teams don’t reflect on sufficiently is how a flawed compensation philosophy can make those trade-offs far more painful than they could be. As a former entrepreneur, I know that every venture relies on the exceptional efforts of supermotivated professionals,...
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