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Travis Kalanick, co-founder and CEO of Uber, on his app and why it is coming up against criticism from regulators.
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-- getting a lot of attention Shibani Joshi has more money.
Hi there actually yes Travis clinic is is CEO and co-founder and -- one of the hottest apps on the web that essentially -- Smartphone.
Into a car dispatch service and we're joined now by Travis.
Out of San Francisco Travis it's great to have you on because I'm a huge fan of Bloomberg but I know that not everyone out there is as big if -- asked fan and Diane.
You recently faced opposition from local taxi drivers in Washington DC and also faced local municipalities.
There.
Increasing regulation but you prevailed how did you do that.
Well look I think politicians.
You know and elected officials.
And cities around the country they've always been receptive to their constituents but I think with social media.
And with just -- like the love you half her for our service.
There's a lot of customers out there that how that same kind of love so social media really enables them to have a direct line.
Has so that some of the backroom deals they used to happen.
In local jurisdictions just isn't happening anymore.
You're able to prevail as I mention in this circumstance but you can imagine that this situation is gonna rear its head again how are you gonna manage your expansive growth plans.
And then also tackle regulation issues at the same time give -- roadmap for that.
But I think look we we've had you know we've had a couple of what what I call regulatory flare ups but for the most part.
We've been able to go into cities make those cities a better place through better transportation.
Alternative.
And users love us and so wind when writers love us and then of course we're creating driver jobs and thousands of them.
You know the city becomes a better place.
And I think as long is that message becomes clear as -- -- a message is delivered properly.
And effectively to the local notes that the local politicians and the local businesses.
I think.
I think it's inevitable that this kind of alternative.
Become something that's a mainstay in cities across the country.
Travis -- has faces a lot of competition how do you -- differentiated.
How do you -- -- In this very crowded market.
Well I know we were really the leader from the start and I think there's a lot of folks who've.
Who've tried to copy and try to become -- Or -- for.
This certain refer that.
Look it's competitive space and I think the way we approach this is Diebold.
Continue to innovate and really push the envelope on what's possible to make the customer experience great and to really capture people's imaginations.
And I got to ask you this question as a start up as a hot new startup that that -- plans for IPO when you think you'll be ready.
Hoc let's do you look we're two years old our growth is pretty massive.
We're -- about 26% month over month growth which means we're about sixteen times bigger than we were a year ago.
That said we're two year old company we're just getting going so we're really focused on building a business where are really not looking at the public markets just yet.
Well Travis I need to do get it is get a few more customers like mean -- should be and that great position for an IPO in no time thank you very much.
Travis clinic -- a co-founder and CEO of -- thanks very much.
