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  1. #21
    Join Date
    Feb 2007
    Location
    Hot'Lanta... home of the Falcons!
    Quote Originally Posted by CDu View Post
    Nobody is forcing you to read or post in the thread.
    Wait... what?!?! You mean we are not required to post in every thread. Wow, that really takes a load off my plate!

    I don't know what you are doing right now, but if you aren't listening to the DBR Podcast, you're doing it wrong.

  2. #22
    Join Date
    Feb 2007
    Location
    Deeetroit City
    Quote Originally Posted by JasonEvans View Post
    Wait... what?!?! You mean we are not required to post in every thread. Wow, that really takes a load off my plate!

    To some, compelled = required.

  3. #23
    I believe that DBR is a highly respected Forum with quality members that corresponds quality opinions. With a penchant (at times) to interject humor graciously! My humble stance on the Caldbeck situation is - when this thread goes to Page 3, it will be quickly forgotten.

  4. #24
    Join Date
    Nov 2007
    Location
    Vermont
    So many people seem to have forgotten the Caldbeck era, when Vermont kids dominated the hoop roster.

  5. #25
    Join Date
    Apr 2010
    Location
    Arlington, VA
    Quote Originally Posted by FadedTackyShirt View Post
    There's a thread about the Director's Cup on the board and the link between Stanford's decades' long dominant performance and VC is under reported.

    Stanford invested early ('50s/'60s) in office space near campus when HP took off. Helped create the critical mass of innovation which created SV. Tech IPOs exploded in the early '80s and Stanford's academic and athletic endowments grew rapidly as they tapped into that wealth. They have a huge number of teams, almost all of which are completely endowed. Announced last week a new endowment for the women's swimming coach. Duke women's swimming doesn't offer a full complement of scholarships yet, let alone endow them, coaches, and facilities.

    Good news for Duke is that the University is now actively partnering with Durham to improve downtown and make it more attractive to innovative start ups. A buddy's on a Duke task force working to build up the infrastructure. There's no mystery why Harvard and Stanford have huge numbers of teams along with massive academic and athletic endowments. Obviously Duke has a long way to go, but they're on the right track and actively working to change the dynamics.
    Sure, but Harvard and Stanford are not really in the same situation. Because Harvard, as an Ivy League school, does not offer athletic scholarships (though many athletes receive aid through the university's very generous need-based financial aid program), the cost calculation of operating a sports team is quite different--a smaller amount of money can support more sports.

  6. #26
    Join Date
    Feb 2007
    Location
    Steamboat Springs, CO
    Quote Originally Posted by MCFinARL View Post
    Sure, but Harvard and Stanford are not really in the same situation. Because Harvard, as an Ivy League school, does not offer athletic scholarships (though many athletes receive aid through the university's very generous need-based financial aid program), the cost calculation of operating a sports team is quite different--a smaller amount of money can support more sports.
    Two things about Harvard:

    1. Any admitted student of modest means at Harvard is essentially guaranteed a full ride. Athletes, of course, do qualify for preferred admission at the discretion of the school.
    2. Harvard has an endowment of $37.6 billion, far larger than any other school. If the overseers decide they want to spend money on something, they have no difficulty coming up with the wherewithal.

    FWIW, the Duke University endowment is reported as $6.8 billion. This is separate from "The Duke Endowment" established in 1924 by James B. Duke. Its value is $3.37 billion per the latest annual report, and historically, about one-half of the grants go to Duke University.
    Sage Grouse

    ---------------------------------------
    'When I got on the bus for my first road game at Duke, I saw that every player was carrying textbooks or laptops. I coached in the SEC for 25 years, and I had never seen that before, not even once.' - David Cutcliffe to Duke alumni in Washington, DC, June 2013

  7. #27
    Join Date
    Feb 2007
    Location
    Chesapeake, VA.
    Quote Originally Posted by mr. synellinden View Post
    Well, I will say one thing - that's how you do an apology. I would love to know if/who helped him write that. Really can't do a much better job of taking ownership, accepting responsibility, recognizing the importance of these issues, and committing to change.
    Yeah, it's a great apology, for sure. But their earlier response essentially denied the allegations and supported him. So it seem clear that apologies apparently come only after irrefutable evidence is obtained. Prior to that it's obfuscation. That doesn't speak as well of his character as his well written apology seems to do.
    A plane takes off from Baltimore and touches down on Bourbon Street

  8. #28
    I had been following this story, but couldn't place why I knew his name. In light of the trouble at Uber, Caldbeck's story is fitting a definite Silicon Valley narrative.

    BTW, he's now out and the fund may be dissolved. How toxic is he now in the Valley?

    https://techcrunch.com/2017/06/25/bi...from-the-firm/
    "Something in my vicinity is Carolina blue and this offends me." - HPR

  9. #29
    Quote Originally Posted by FadedTackyShirt View Post
    Given that multiple posters in this thread didn't recognize the name despite two brothers being on high profile teams, will be a blip with respect to Duke basketball.

    Laettner and Brian Davis were involved in an SF penthouse a few years ago that initially listed for $70M and eventually sold for $28M (a loss). Nobody cared about Laettner's involvement and the focus was on the initial asking price.

    SV has a problem with gender inequity and more specifically within the VC community. Was a recent high profile trial involving termination of a female associate at a very well known VC firm. She was also Asian, which will be a bigger focus than Duke basketball with Caldbeck.

    The Uber case is a much bigger story. Hot company and a founder holding 30% of the stock worth $2B being forced out is highly unusual. Binary's assets are $300M.

    As noted, other than well liked/respected Tim Cook, Duke has a low profile in SV. The Bain network (Pagliuga) and Wall Street are much deeper.
    WRT to Uber's valuation: its closer to ~$50B right now (its secondary paper was going for $70B on the secondary market in late '16/early '17). So if Travis owns 30% (is that true?), he is worth something like $15B...on paper...but I'm not sure he owns 30%. This NYT article is on his ownership and the company's share buyback agreement, and they dont give his ownership (I'm not sure its disclosed anywhere; a benefit of being private. 30% ownership would be very high for a company that has raised $14B and taken on that much dilution, but its possible.)

    WRT to Duke's presence in SV: Its certainly not as big as Stanford's, but there's a few of us and we are just fine with our profile

  10. #30
    Quote Originally Posted by SilkyJ View Post
    WRT to Uber's valuation: its closer to ~$50B right now (its secondary paper was going for $70B on the secondary market in late '16/early '17). So if Travis owns 30% (is that true?), he is worth something like $15B...on paper...but I'm not sure he owns 30%. This NYT article is on his ownership and the company's share buyback agreement, and they dont give his ownership (I'm not sure its disclosed anywhere; a benefit of being private. 30% ownership would be very high for a company that has raised $14B and taken on that much dilution, but its possible.)
    30% sounded unusually high to me (thought it was typically ~5%), but also seemed odd that he'd be forced out as CEO but still remain on the board. Travis did assemble a very friendly board, but he also likely holds a butt load of stock if he remains on the board.

  11. #31
    Join Date
    Feb 2007
    Location
    Steamboat Springs, CO
    Quote Originally Posted by FadedTackyShirt View Post
    30% sounded unusually high to me (thought it was typically ~5%), but also seemed odd that he'd be forced out as CEO but still remain on the board. Travis did assemble a very friendly board, but he also likely holds a butt load of stock if he remains on the board.
    Uhhhh... He owns enough of Uber to command a board seat.

  12. #32
    Quote Originally Posted by sagegrouse View Post
    Uhhhh... He owns enough of Uber to command a board seat.
    Uhhhh, isn't that what he said?

    Quote Originally Posted by FadedTackyShirt View Post
    ...but he also likely holds a butt load of stock if he remains on the board.
    I think the point is that we don't know how much he owns or what voting controls he might have. He clearly has some of these super voting shares based on what I've read, but its unclear how much controls he still has.

    Even if he only owned 5-10%, though, there are still ways to remain on the board based on how he negotiated the investments from outside investors. He likely got very favorable terms given how much of a darling Uber was in SV, and the articles of Inc. may allow him to remain on the board even if he doesn't control a huge portion of stock. I'm not a corporate governance expert, but I've seen this in other scenarios, though not at this magnitude of company. (Didn't Zuckerberg have similar controls that almost made it impossible to force him out, even of the CEO slot?)

  13. #33
    FWIW, from my experiences, every situation is unique. I'm not sure there's enough public information to even make an educated guess.

  14. He might have 30% of the voting shares, but only 5% of all shares for example.

    Tech companies with a lot of hype and growth might have been able to negotiate that, as Mark Zuckerberg did with Facebook to retain control.

  15. #35
    Join Date
    May 2007
    Location
    Tennessee

    New suit

    pretty horrible IMO, if allegations are true.

    https://www.axios.com/former-binary-...450168326.html

  16. #36
    Join Date
    Feb 2007
    Location
    DC and DE Beach
    Quote Originally Posted by cspan37421 View Post
    pretty horrible IMO, if allegations are true.
    Sigh ! Just when I was expecting this thread would become "Uber Allegations". Not yet!

  17. #37
    Join Date
    May 2007
    Location
    Tennessee
    I was doubly worried when related articles mentioned another accused VC person named Dave McClure! Turns out not to be the David McClure of DBB.

    Google translate tells me that uber = about, so in a way, this thread is indeed "uber allegations"

  18. #38
    Quote Originally Posted by cspan37421 View Post
    Google translate tells me that uber = about, so in a way, this thread is indeed "uber allegations"
    Uber isn't a German word. Ueber (u with an umlaut) means super or extraordinary.

    Still fits with the Binary allegations. Hope for fair trials for all involved.

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