Landscape site launches with the aim of becoming the ‘Glassdoor for VC’
You’ve probably heard of Glassdoor, which exists to allow employees to rate companies anonymously. Now a U.K. entrepreneur has decided to address the thorny issue of rating venture capitalists. Landscape, a new review platform for tech startup founde...
After Prop 22’s passage, Uber is taking its lobbying effort global
Fresh off of its success on Election Day, Uber is signaling that it will continue to push laws similar to the Proposition 22 measure approved by California voters that will keep gig workers classified as independent contractors. The ride-hailing company’s ambitions for laws that preserve its business model are global.
Uber CEO Dara Khosrowshahi said Thursday during an earnings call with analysts that the company will “more loudly advocate for laws like Prop 22.” He later added that it will be a priority of the company “to work with governments across the U.S. and the world to make this a reality.”
What “loudly advocating” for might look like is unclear. Prop 22 was backed by Uber and Lyft as well as on-demand delivery companies DoorDash and Postmates . (Uber is in the process of acquiring Postmates). The push to pass the ballot measure and override a bill passed by the California State Legislature that would have forced companies that use gig workers to classify them as employees was an expensive undertaking. Total contributions to Yes on 22 were around $205 million, making it the most expensive ballot measure in California since 1999.
Here’s his complete thought:
For now, Khosrowshahi said the company will be focused on complying with Prop 22, which does require an earnings guarantee of at least 120% of minimum wage while on the job, 30 cents per engaged miles for expenses, a healthcare stipend, occupational accident insurance for on-the-job injuries, protection against discrimination and sexual harassment and automobile accident and liability insurance. The earnings guarantees and reimbursement for expenses reflects a driver’s engaged time, not for the time spent between rides or deliveries.
“We are very much focused on the execution of Prop 22 as it relates to our drivers” he said. Khosrowshahi said this could raise rates, but noted that any increases “wouldn’t have a significant effect on trip volumes one way or the other, based on the kinds of sensitivities that we have seen in the past.”