Former Uber exec explains how to turn failure into innovation | Emil Michael

“You’re not punished for failing, you’re punished for not trying.” Former Uber exec Emil Michael on how to truly achieve success.

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Emil Michael, former Chief Business Officer at Uber, believes failure is vital to success. According to him, failure played a pivotal role in the stratospheric expansion that made Uber one of the world’s fastest-growing companies.

Michael points to Uber's endeavors in China, where immense opportunities clashed with daunting operational costs, including intense competition with local rival DiDi. He delves into the complex decision-making by both himself and Uber’s founder, Travis Kalanick, that ultimately led it to merge with its competitor.

Michael believes a high level of business acumen is required to transform setbacks into strategic victories. He encourages anyone trying to create something to embrace failure and harness their ambition to foster exponential growth.

Read the video transcript ► https://bigthink.com/series/the-big-think-interview/emil-michael-uber-failure-innovation/?utm_source=youtube&utm_medium=video&utm_campaign=youtube_description

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About Emil Michael:
Emil Michael is an investor and strategic advisor to many of the world’s most important high-growth companies. He is currently serving as Chairman and CEO of the blank check company DPCM Capital. From 2013-2017 Emil was Chief Business Officer at Uber, where he led the company through a period of exponential growth.

Across his many tech leadership roles, Emil has been instrumental in raising over $25 billion in capital, and the creation of $100 billion in market value for technology businesses. Today, Emil is focused on working with entrepreneurs and companies that have the potential for hypergrowth. He advises on fundraising, mergers and acquisitions, corporate strategy and culture, building executive teams, and global expansion.

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Read more of our stories on failure:
To be successful, you need to fail 16% of the time
► https://bigthink.com/smart-skills/fail-well-failure-rate-16-percent/?utm_source=youtube&utm_medium=video&utm_campaign=youtube_description
Why you should laugh at yourself, according to Seneca and Nietzsche
► https://bigthink.com/thinking/laugh-at-yourself-philosophy-seneca-nietzsche/?utm_source=youtube&utm_medium=video&utm_campaign=youtube_description
Video games and the paradox of failure
► https://bigthink.com/neuropsych/play-video-games-to-fail/?utm_source=youtube&utm_medium=video&utm_campaign=youtube_description

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