Home Venture Capital 20VC: The $3.1BN Assembly That Led an Uber Acquisition, The Battle With Uber; The right way to Outcompete When You Have 10x Much less Money & The Advertising and marketing Campaigns That Led to Pakistan MDs Fleeing and Elon Musk Fanboying with Mudassir Sheikha, CEO @ Careem

20VC: The $3.1BN Assembly That Led an Uber Acquisition, The Battle With Uber; The right way to Outcompete When You Have 10x Much less Money & The Advertising and marketing Campaigns That Led to Pakistan MDs Fleeing and Elon Musk Fanboying with Mudassir Sheikha, CEO @ Careem

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20VC: The $3.1BN Assembly That Led an Uber Acquisition, The Battle With Uber; The right way to Outcompete When You Have 10x Much less Money & The Advertising and marketing Campaigns That Led to Pakistan MDs Fleeing and Elon Musk Fanboying with Mudassir Sheikha, CEO @ Careem

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Posted on 4th September 2023 by Harry

Mudassir Sheikha is the CEO and Co-Founding father of Careem. During the last 11 years, Mudassir has scaled the service to greater than 80 cities in 10 nations, with 1,400+ colleagues and greater than 2.5 million Captains. With such success, in 2020 Uber introduced they might be buying Careem for a reported $3.1BN. Previous to Careem, Mudassir co-founded “DeviceAnywhere”, an organization that was acquired by “Keynote” in 2008 earlier than becoming a member of the administration consulting agency “McKinsey & Firm” in Dubai.

In At present’s Episode with Mudassir Sheikha We Focus on:

1. From McKinsey to $3.1BN Exit to Uber:

  • What was the founding a-ha second for Mudassir with Careem?
  • What does Mudassir know now that he needs he had identified in the beginning?
  • What does Mudassir consider he’s operating away from?

2. Discovering Product-Market Match:

  • What’s the single largest mistake founders make when looking for product-market match?
  • Does Mudassir consider it’s important to do issues that don’t scale, to scale? What did Careem do?
  • What are a few of Mudassir’s largest items of recommendation to founders on discovering a core target market and doing buyer discovery the fitting method?

3. Competing with Giants: How To Win When You Can not Outspend:

  • How did Careem beat Uber once they had 1/one hundredth of their funds?
  • What recommendation does Mudassir have for founders who’ve competitors that’s significantly better funded?
  • What’s the story of spending the night time in bunk beds and barely sleeping earlier than elevating $300M the following day? How did that occur?

4. The Acquisition: The way it Went Down:

  • How did Mudassir and Dara @ Uber first come to fulfill?
  • How did Dara’s strategy distinction with the prior strategy of Travis Kalanick?
  • Why did Mudassir resolve to promote and be a part of Uber?
  • What have been the principle causes or arguments towards the acquisition?

5. Speak to me About:

  • Careem’s Pakistan MD having to flee Pakistan for his security publish a advertising marketing campaign?
  • Elon Musk likes certainly one of Careem’s promotional movies and why?
  • An investor who wired $1M with completely no paperwork?
  • The catch up assembly that changed into a $3BN provide?

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