Travis Kalanick's New VC Critique: 'Only 1% Are Helpful'

Travis Kalanick, the former Uber CEO, has reignited his VC feud by raising $1.7 billion for his robotics company Atoms. He criticized venture capitalists, claiming only 10% meet a 'do no harm' standard, while just 1% are truly 'helpful.' 'Investors drop in occasionally to check progress' he said, comparing founders to chess masters and VCs to casual enthusiasts. Kalanick also reflected on his Uber era, admitting his aggressive management style was a 'line-crossing issue.' Andreessen Horowitz amplified the debate, recalling past tensions with Bill Gurley. The market's reaction to this founder-vc dynamic remains to be seen.