Beyond the PayPal Mafia: A Case Study on the Uber Alumni Network
185 companies & counting. $8B in funding. 2 IPOs. What's next?
Uber was a wild place in the early days. I can think of no other company that scaled globally so quickly. Uber completed 6 billion trips just 6 years after trips began! This was not a pure software startup where a team in San Francisco can click a few buttons to onboard users across the world. It was scaling a complex logistics marketplace in hundreds of unique cities with their own distinct cultures, technology capabilities, and policies. Over the years, Uber expanded both in breadth and depth - eventually building teams focused on Health, Food, Mass Transit, Self-driving, Trucking, Aviation, Micromobility, and more. Uber succeeded by hiring Really Smart People all over the world who were not afraid to tackle big challenges and who wanted to win.
Not only did Uber need smart on-the-ground Operations teams to succeed, it required best-in-class Engineers building platforms to a scale that had never existed before. Our 1455 Market Street headquarters buzzed until late into the evening. We built tech primarily in-house because either: 1) startups or known companies couldn’t handle our volume, or 2) data privacy reasons. Uber created a custom customer support system, payments platform, CMS, and dozens-upon-dozens of internal tools. Very sophisticated data science and engineering teams managed the marketplace side of the businesses - which included pricing, rider-driver matching technology, and surge.
What happens to the people who leave one of the fastest growing startups ever? It turns out a lot of them start hyper-growth companies themselves.
I’ve spent months scouring the web to compile the results. Thus far, 185 companies have been founded by ex-Uber employees, and have raised $8B in disclosed capital, with a median funding amount of $16.4M.
I believe the Uber alumni network is the most influential since the PayPal Mafia. And they're just getting started.
If you’re interested in supporting, joining, or investing in a company founded by Uber alumni or you’d just like to learn more, full details are below:
Also Dyneti (Julia Zheng and Lena Evans), Discernible (Melanie Ensign), Sardine.ai (Zahid Shaikh), Dime Markets (Rex Ren), Cedar (Yiying Hu), PlateUp Health (Chandan Sheth), Niti.ai (Aravind Ranganathan)
Uber is not a company but a mindset. It has such a unique culture that emphasized ownership and autonomy for employees. This approach has certainly contributed to the success of Uber and its alumni network.