Former Uber exec explains how to turn failure into innovation | Emil Michael

“You’re not punished for failing, you’re punished for not trying.” Former Uber exec Emil Michael on how to truly achieve success. Looking to bring Emil Michael’s insights to leaders across your company? Great. This video is part of an 11-part expert class on emotionally intelligent leadership and it’s available to organizations that subscribe to Big Think+. From managing conflict to building a culture of trust, this class is designed to inspire and accelerate leaders at all levels. ----------------------------------------------------------------------------------------------------------------------------------------------------- Listen To This Next: Adam Grant's #1 phrase to unlock potential The science of super longevity Beat anxiety with the most addictive experience on Earth Go Deeper with Big Think: ►Become a Big Think Member Get exclusive access to full interviews, early access to new releases, Big Think merch and more ►Get Big Think+ for Business Guide, inspire and accelerate leaders at all levels of your company with the biggest minds in business ----------------------------------------------------------------------------------------------------------------------------------------------- Emil Michael, former Chief Business Officer at Uber, believes failure is vital to success. According to him, failure played a pivotal role in the stratospheric expansion that made Uber one of the world’s fastest-growing companies. Michael points to Uber's endeavors in China, where immense opportunities clashed with daunting operational costs, including intense competition with local rival DiDi. He delves into the complex decision-making by both himself and Uber’s founder, Travis Kalanick, that ultimately led it to merge with its competitor. Michael believes a high level of business acumen is required to transform setbacks into strategic victories. He encourages anyone trying to create something to embrace failure and harness their ambition to foster exponential growth. About Emil Michael: Emil Michael is an investor and strategic advisor to many of the world’s most important high-growth companies. He is currently serving as Chairman and CEO of the blank check company DPCM Capital. From 2013-2017 Emil was Chief Business Officer at Uber, where he led the company through a period of exponential growth. Across his many tech leadership roles, Emil has been instrumental in raising over $25 billion in capital, and the creation of $100 billion in market value for technology businesses. Today, Emil is focused on working with entrepreneurs and companies that have the potential for hypergrowth. He advises on fundraising, mergers and acquisitions, corporate strategy and culture, building executive teams, and global expansion... ---------------------------------------------------------------------------------------------------------------------------------- Get Smarter, Faster. With Episodes From The Worlds Biggest Thinkers. Follow The Podcast And Turn On The Notifications Share This Episode If You Found It Valuable Leave A 5 Star Review Learn more about your ad choices. Visit megaphone.fm/adchoices