Travis Kalanick, ex-Uber CEO and now robotics founder at Atoms, just landed $1.7B in funding — but he’s not here to praise VCs. He bluntly calls most investors “do-no-harm” failures, with only 1% truly helpful. Comparing founders to chess masters and VCs to casual spectators, he admits the dynamic is fraught — especially when founders ignore advice. But he doesn’t ditch VC money; instead, he urges founders to craft irresistible pitches that spark bidding wars, sharing just enough detail to avoid looking unrealistic. Reflecting on his own past, Kalanick admits his aggressive leadership at Uber was born from survival instincts during his first startup’s collapse. As other founders like Mark Pincus also speak out about VC tensions, the founder-investor relationship is suddenly front-page news.
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