Suggestions
Simon Veingard
Scale-up operator | CEO | COO | NED | Ex-Hailo (FreeNow)
Simon Veingard is a seasoned 3-time founder and entrepreneurial operator with 2 successful exits in the tech startup industry.
His expertise lies in partnering with leadership teams to scale tech startups, achieve significant commercial outcomes, and enhance shareholder value through data-driven strategies.
With international experience in strategy, product, growth, technology, and operations, Simon excels in solving complex problems by merging technology with innovative customer offerings, specializing in digitally enabled B2C consumer products and marketplaces.
His notable achievements include transforming marketplaces to achieve financial and customer service improvements, leading a UK ride-hailing app to profitability and expansion into multiple markets, and launching and scaling digital services across various sectors and regions.
Simon has a proven track record of managing large multinational P&Ls, leading hyper-growth startups, building and leading diverse teams, and advising on corporate digital innovation programs.
He is lauded for his ability to build operational engines from scratch, as recognized by his peers and colleagues in the industry.
Simon's educational background includes Managing Innovation Strategically from Cambridge Judge Business School and a BSc in Computer Science from the University of Hertfordshire.
His professional journey encompasses leadership roles such as CEO, COO, MD, NED, Chief Digital Officer, and more across renowned organizations like Cordic, Hometree, Debut, Travelex, and Goldman Sachs.
Moreover, his career includes founding and operating several tech startups, leading digital transformation initiatives, and serving in advisory capacities for startups and established companies alike.
Highlights
Uber's CEO considers its ride-hailing service a "middle-class or upper-class type product".
Dara Khosrowshahi said at SXSW this week he believes it can be made more affordable by changing the "form factor" and cites electric scooters and shared rides as examples of how to achieve this.
Affordability is laudable aim... who doesn't want cheaper ways to get around.
I'm not sure though that the latest plans to make Uber more affordable are mass market propositions.
And haven't we seen this all before?
Uber originally delivered a sense of affordability and fuelled its growth by subsidising passenger fares and driver earnings. This was funded by venture capital while the company racked up the largest start-up losses in history.
Recently, in its drive to achieve profitability, prices have increased faster than inflation while driver pay has been squeezed.
So what about these new propositions?
Via launched a shared ride service in many markets over the course of the last decade but all have been discontinued. And Citymapper unsuccessfully attempted similar with Smartbus.
Shared rides mean passengers sharing vehicles and travelling routes that are not point to point. So consumers must trade speed, privacy and safety (or perception of) for price. Like a bus which is generally super cheap.
And while there's no question escooters have a role to play in urban centres, there are many obvious reasons why they won't replace Uber's core business anytime soon.
This is evidenced by escooter operators having their own challenges building sustainably profitable business and resulting in significant market consolidation.
So does Dara have something new up his sleeve or is this a pipedream?
[Link to article in comments]
7 𝗖𝗼𝗴𝗻𝗶𝘁𝗶𝘃𝗲 𝗯𝗶𝗮𝘀𝗲𝘀 𝘁𝗼 𝘄𝗮𝘁𝗰𝗵 𝗼𝘂𝘁 𝗳𝗼𝗿 𝗶𝗻 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻-𝗺𝗮𝗸𝗶𝗻𝗴 𝗮𝗻𝗱 𝗵𝗼𝘄 𝘁𝗼 𝘂𝘀𝗲 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝘁𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝘁𝗼 𝗼𝘃𝗲𝗿𝗰𝗼𝗺𝗲 𝘁𝗵𝗲𝗺
When debating issues and making decisions, critical thinking is a powerful tool to counteract cognitive biases. These biases, often subconscious, can skew our perceptions and lead to less than optimal outcomes.
Here are seven cognitive biases to be mindful of, and how critical thinking can help mitigate their effects:
-
𝗖𝗼𝗻𝗳𝗶𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗕𝗶𝗮𝘀: The tendency to search for, interpret, and recall information in a way that confirms one's preconceptions, leading to statistical errors.
-
𝗟𝗼𝘀𝘀 𝗔𝘃𝗲𝗿𝘀𝗶𝗼𝗻: The fear of losses leads to risk-averse behaviour, which can be detrimental when innovation requires some degree of risk-taking.
-
𝗚𝗮𝗺𝗯𝗹𝗲𝗿'𝘀 𝗙𝗮𝗹𝗹𝗮𝗰𝘆: The erroneous belief that if something happens more frequently than normal during a given period, it will happen less frequently in the future.
-
𝗔𝘃𝗮𝗶𝗹𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗖𝗮𝘀𝗰𝗮𝗱𝗲: A self-reinforcing cycle that explains the development of certain kinds of collective beliefs; the more we hear something, the more we believe it's true.
-
𝗙𝗿𝗮𝗺𝗶𝗻𝗴 𝗘𝗳𝗳𝗲𝗰𝘁: Decisions are influenced by the way information is presented; the same fact can lead to different conclusions depending on its context.
-
𝗖𝗼𝗺𝗽𝗹𝗲𝘅𝗶𝘁𝘆 𝗕𝗶𝗮𝘀: A preference for complex solutions over simpler ones, which can lead to unnecessary complication and inefficiency.
-
𝗔𝗻𝗰𝗵𝗼𝗿𝗶𝗻𝗴 𝗕𝗶𝗮𝘀: The common human tendency to rely too heavily on the first piece of information offered (the "anchor") when making decisions.
Critical thinking helps to minimise these biases by:
(a) 𝗘𝗻𝗰𝗼𝘂𝗿𝗮𝗴𝗶𝗻𝗴 𝗦𝗰𝗲𝗽𝘁𝗶𝗰𝗶𝘀𝗺: Questioning assumptions and challenging the status quo to prevent confirmation bias.
(b) 𝗣𝗿𝗼𝗺𝗼𝘁𝗶𝗻𝗴 𝗢𝗯𝗷𝗲𝗰𝘁𝗶𝘃𝗶𝘁𝘆: Evaluating information based on evidence rather than preconceptions or emotional responses, thus countering loss aversion.
(c) 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗣𝗿𝗼𝗯𝗮𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀: Recognising the independence of certain events to avoid the gambler's fallacy.
(d) 𝗦𝗲𝗲𝗸𝗶𝗻𝗴 𝗗𝗶𝘃𝗲𝗿𝘀𝗲 𝗣𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲𝘀: Looking beyond readily available information to prevent the availability cascade.
(e) 𝗔𝗻𝗮𝗹𝘆𝘇𝗶𝗻𝗴 𝗖𝗼𝗻𝘁𝗲𝘅𝘁: Considering how different presentations of the same information can influence decisions, thus mitigating the framing effect.
(f) 𝗦𝗶𝗺𝗽𝗹𝗶𝗳𝘆𝗶𝗻𝗴 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀: Striving for simplicity to overcome complexity bias and improve efficiency.
(g) 𝗔𝗱𝗷𝘂𝘀𝘁𝗶𝗻𝗴 𝗔𝗻𝗰𝗵𝗼𝗿𝘀: Being aware of initial information and adjusting our judgments accordingly to avoid anchoring bias.
By fostering a culture of critical thinking, we can create a more innovative, agile, and bias-aware workforce, capable of making better decisions which lead to improved outcomes.
