He Quit Uber to Build a Trillion Dollar Company

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ABOUT JOHN COOGAN:

I've been an entrepreneur for the last decade across multiple companies. I've done a lot of work in Silicon Valley, so that's mostly what I talk about. I've raised over 10 rounds of venture capital totaling over $100m in funding.

I work mostly in tech-enabled consumer packaged goods, meaning I use software to make the best products possible

CONTACT:

Disclaimer: This video is purely my opinion and should not be regarded as a primary source. I am not a financial advisor and this is not a recommendation to buy or sell securities. Always do your own due diligence.

[JohnCooganPlus]

Thanks for watching! Just to be clear, Traba didn’t pay me to make this and I don’t have a stake in the company. I do work with one of Mike’s investors (Founders Fund), but they don’t get input into what topics I talk about on here. Hopefully this story is valuable!

[modirisak]

Traba, announced a $22M funding round led by Founders Fund last month where John Coogan is Entrepreneur-in-residence nothing to see here...

[alexbos]

John works at Founders Fund himself - seems like there is some interest in making this company sound good. Great video in how the story is told, but I work in VC and have seen a couple of these short-term labour market apps. Where they typically struggle is expanding to new countries, where regulations, tax, etc. become very difficult to solve (some countries explicitly have laws to make this more diifficult, see EU Uber Case). Well presented video, great story, but one that seems to be told by an insider.

[kevin-carr]

John you have very high quality videos, but I believe ethically you should mention that you are part of the founders fund team when you do videos on companies funded by the founders fund. It should stated in the dialogue of the video and be mentioned in the video description

[somerandomfella]

I quit flipping burgers to build my bazillion dollar astroid mining company.

[bagussriyono]

Many of this channel videos seems like an advertisement everytime he talk about this "revolutionary founder", dont get me wrong, that completely fine. Its made to motivate other, but sometimes it become too oversimplified and lack the criticism this founder face. Remember how he delete the video about how great SBF when the fraud unraveled.

[christiansachtleben]

What advantage do workers have compared to a normal employment agency?
Ultimately just an employment agency with an app...

[sunnydayempire]

Maybe "He Quit Uber to TRY to Build a Trillion Dollar Company" would be a better title.

[Leon-XR]

there are only 5-6 Trillion dollar companies out there. This is not ambition but extreme naive arrogance

[spikehamer]

I was intrigued until they started raving about the work hours.

Absolutely garbage mindset that only results in harm, working many hours do not imply productivity, it's essentially the biggest source of all problems at a systematic level in all of Asia and parts of the Americas.

Too many buzzwords and gimmicky, maybe Traba can prove me wrong maybe in a few years, I'd love to read counter arguments though.

[quindelin]

This guy said the staffing industy is a 500 billion dollar industy, and yet it doesn't work. Obviously it does work, because it's worth 500 billion. How could one company corner the entire market, and double the industry size? Boggles the mind how these slave drivers think.

[Adeshina-co]

Definitely not a trillion dollar company

[modimihir]

John, hope you're checking the comments + dislikes and understand how this video is not looking good for you.
1) The ridiculous claim
2) Your interest in the company's success
3) The issue with pushing employees to work long hours without stakes in the 'trillion dollar' company

[fsouza]

"I was responsible for launching Uber Eats in Rio de Janeiro, Brazil and saw what it takes to launch a successful marketplace product"

Anyone care to check how Uber Eats is doing in Brazil? :)

This video is advertising.

[macbetabetamac]

Uber is shit for workers. This sounds like more of the same; So what about job security, sick leave, retirement benefits etc

[elephantsintheforest]

'Here at this startup we're trying to solve the problem of people having secure employment.'

[rv]

A month to build an app. Starting early and staying late. Sounds like terrible place to work. How ironic.
The thing about busting your balls for a Startup like this is that they wont hesitate to lay you off if it's not going well or even if it is going well they still do layoffs to show that they are profitable to get a new round of funding. Just do the 9-5 and start your own thing after work. Work hard for yourself.

[jamalmehdi]

This hits so close to home! I remember in my last startup where us three founder got our first customer by talking to a lady who was a convenience store owner around the corner from our office and she would go to a warehouse to pick up cartons of cigarettes every morning at 6am. Delivering those for her ourselves every morning before work and taking notes about every bump on the road was our first $10/day. Doing what is perceived as "dirty work" and things that don't scale early on was the secret to developing empathy in process of our product that led to success.

The truth is, there really is no work life balance when building. People who peddle this misconception that you can work nice hours and still build a startup from scratch are either extremely wealthy already and afford that luxury or they have never built a startup. True grit and eating sand is what is required. But the funny thing is, you do it with a smile when you are in it.

You can literally see this on the face of the founders here which is the reason why they are in the best position to win!

[sz]

This channel should be renamed to “Founders Fund”

[taipeimanila]

Oh, wow. Startups nowadays are now predicting they will be a “trillion dollar company”? People who say they are going to be a trillion dollar company end up not becoming one. All of the big tech companies did not say ridiculous things. In fact, I am more suspicious in companies that make such grand predictions. Leave it to the overhyped, highly speculative companies to make such a claim.