Here are 5 of the most fascinating revelations from the new Uber tell-all book 'Super Pumped.' (via CNBCMakeIt)
But Kalanick's previous ventures did not get off to such a fast start, Isaac notes in the book. In fact, Isaac describes Kalanick as "an entrepreneurial failure" over much of his career before he launched Uber.
In 1998, Kalanick dropped out of UCLA to co-found Scour, which developed a multimedia search engine that also allowed users to share music and media files. Despite raising $4 million in venture capital, the start-up filed for bankruptcy within two years of its founding after multiple entertainment industry groups, including the Motion Picture Association of America and the Recording Industry Association of America,and dozens of other file-sharing companies for $250 billion in damages, alleging copyright infringement. The lawsuit against Scour was eventually dismissed as a result of the company filing for Chapter 11 bankruptcy protection.
Kalanick's next start-up, another file-sharing company called Red Swoosh, fared better. After starting Red Swoosh in 2001, Kalanick and co-founder Michael Todd sold it to competitor Akamai Technologies for $19 million in 2007, and Kalanick personally walked away with "roughly $2 million," according to Isaac's book.
But even that relatively small victory came after years of struggling to make Red Swoosh a success. Isaac describes a cycle during that period in which Red Swoosh and Kalanick "would run out of money" only to secure a last-minute investment to stay alive a little bit longer . While running Red Swoosh, Kalanick reportedly lived more than three years without taking a salary, which forced him to move into his parents' house.
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