Venture capitalist Fred Wilson has some choice words for Uber co-founder Travis Kalanick.
While on stage at the Upfront Summit in Los Angeles on Thursday he said going public “doesn’t taste good … but it makes you better.”
Wilson doesn’t believe companies should continue waiting for the perfect market conditions to present themselves before they go public.
“I agree with Bill Gurley on this. Man up! Woman up! F—— do it! Don’t be chicken!” Wilson ranted, referring to another VC.
Uber CEO Travis Kalanick has said on several occasions that he believes the company’s IPO is at least a few more years away.
Wilson, who has not invested in Uber, thinks Kalanick is just scared.
“He’s wimping out. That should be a publicly traded company,” Wilson said.
Uber has raised $8 billion and Wilson believes they are ready to get their money back.
“When you take money from me, am I getting money from you?” Wilson said. “You have a responsibility to give me my money back sometime. You can’t just say f— you. Take the g—— company public.”