Travis Kalanick Says Excellence Is the Capacity to Take Pain. Here Are His 10 Rules for Building Through It.

The Uber founder raised $1.2B at a $17.5B valuation nine months after his last round, ran 5 fundraising rooms at once, and says none of it was ever about the money.

Travis Kalanick opens with an equation rather than a strategy.

“The derivative of problem solving must always be greater than or equal to the derivative of problem creation,” he says. If it isn’t, “you’re kind of effed.”

That frames everything that follows: China, the taxi cartel, Benchmark, and his new company, Atoms, built to automate mining, food, and freight one industry at a time.

I read the full conversation so you don’t have to. Here are the ten that matter.