David Trujillo Biography
David Trujillo is an American businessman. He is also the partner and principal of the private equity firm TPG Capital, and a member of the board of directors of many companies, including Uber. David Trujillo began his career as an analyst for Merrill Lynch. He was vice president of GTCR from 1998 to 2005. He joined the private equity firm TPG Capital in 2006, where he became a partner and principal. He focuses on investment in the technology industry.
10 Quick Facts About David Trujillo
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- Name: David Trujillo
- Age: 46 years
- Birthday: Not Known
- Zodiac Sign: Not Available
- Height: Average
- Nationality: American
- Occupation: Businessman
- Marital Status: Not Known
- Salary: Under Review
- Net worth: $ 100 million
David Trujillo Age
David Trujillo was born in 1976 in the United States of America. David Trujillo age will be updated soon as for now we have no information about his age.David Trujillo Education
David Trujillo graduated from Yale University where he earned a bachelor’s degree in Economics and later he joined Stanford Graduate School of Business where he earned masters in business administration.David Trujillo Family
David Trujillo was born and raised in the United States of America by his parents who were Colombia immigrants.David Trujillo Businessman
David Trujillo began his career as an analyst for Merrill Lynch. He was vice president of GTCR from 1998 to 2005. He joined the private equity firm TPG Capital in 2006, where he became a partner and principal. He focuses on investment in the technology industry. David Trujillo serves on the board of directors of Univision, Cirque du Soleil, the RCN Corporation, Vice Media, and the Creative Artists Agency. He succeeded David Bonderman as a director of Uber in June 2017.David Trujillo Uber
David Trujillo also serves on the boards of Cirque du Soleil, Creative Artists Agency, Ipsy, Layer3 TV, RCN Telecom & Grande Communications, RentPath, and Univision Communications. He led TPG’s investment in Airbnb, according to the company website. He is also a partner at investment firm TPG Capital, who will be taking David Bonderman’s seat on Uber’s board of directors, sources familiar told Recode. Uber confirmed Trujillo’s position on the board. Bonderman stepped down after he made a sexist remark to fellow Uber board member Arianna Huffington during a company meeting. Staffers were gathered to discuss the findings of an internal investigation into allegations of sexual harassment and sexism.David Trujillo sourced the investment in the ride-hail company that helped the board move quickly on starting the search for new leadership. Uber CEO Travis Kalanick announced his resignation in response to pressure five major shareholders. That included Benchmark partner and board director, Bill Gurley.
Trujillo joins at a difficult time for the company. The ride-hail behemoth is in the midst of searching for a replacement for Kalanick as well as a COO, CFO and general counsel as it overhauls its internal structure and leadership. While the CEO search is the priority, the next step for the company will likely to be reorganizing the board.
The investigation, which was prompted by a former Uber engineer’s first-hand account of sexism in the workplace, called for a more independent board and reallocation of the CEO’s responsibilities. Already, the company has elected Nestle executive Wan Ling Martello to step in as an independent board director.
David Trujillo Net worth
David Trujillo earns his income from his businesses and from other related organizations. He also earns his income from his work as a businessman. He has an estimated net worth of $ 100 million dollars as of 2019.David Trujillo Bloomberg
David Trujillo is the new member of Uber Technologies Inc.’s, he spearheaded TPG’s investments in four startups now valued at more than $5 billion each. After a misstep by his boss, he’s taking a seat at one of the biggest and most precarious of them, whose fate increasingly lies in the hands of its investors. Trujillo, 41, joined the board of Uber this week, replacing TPG Chairman David Bonderman, who resigned after making a sexist joke. Despite the awkward circumstances of his boardroom debut at the ride-sharing giant, Trujillo will likely settle in quickly, given his close ties to the company since leading TPG’s investment in 2013. Stakes are high as San Francisco-based Uber seeks to rebuild its culture after a series of harassment and discrimination allegations led to mass firings, social backlash and ultimately the ouster of Chief Executive Officer Travis Kalanick. Two of the startup’s major investors, TPG and Benchmark Capital, are sending in fresh faces to the eight-person board, with the company’s $69 billion valuations at stake. “TPG has a unique position in the market, where we invest in companies that are both new and big,” co-CEO Jim Coulter said. “We need to continue that spark that is Uber but also helps it transition to the global marketplace that it is and get the right management in place. We have that skill set, and Trujillo, who knows the company inside and out, can bring the full force of TPG’s platform to bear.” A mainstay of San Francisco’s tech scene, Trujillo joined TPG in 2006 focusing on technology, media and telecommunication investing for the firm’s buyout fund. David Trujillo then became head of internet, digital media, and communications and expanded into growth investing about five years ago. He’s led deals in Uber, Airbnb Inc., Spotify Ltd., and Vice Media Inc. Now he oversees about 10 people, investing across TPG’s growth and buyout pools.Big Thinking
“A lot of people in the private equity business play checkers,” said Laurence Tosi, Airbnb’s chief financial officer, and the former CFO at Blackstone Group LP, the world’s biggest private equity firm. “He’s good at playing chess. He’s much more of a strategist and thinker.” Most recently, Trujillo led TPG’s $450 million investment in Vice Media, which valued the youth-culture brand at $5.7 billion. He also worked on the firm’s forays into Canadian entertainment company Cirque du Soleil Inc., talent and sports agency Creative Artists Agency LLC and beauty-subscription business Ipsy, among others. As a private equity dealmaker in an environment filled with venture capitalists, Trujillo is valued for his big-picture thinking. “Unlike some other investors, especially here in Silicon Valley, he doesn’t get into the minutiae he’s much more of a company builder at the board and strategic level,” said Marcelo Camberos, Ipsy’s CEO. Trujillo, who sits on Ipsy’s board, led TPG’s investment in a $100 million funding round for the San Mateo, California-based business in 2015.TPG Evolution
Trujillo declined to be interviewed for this article. Last year, in a Bloomberg Television interview with Emily Chang, he outlined his rationale for investing in companies like Uber and Airbnb. “While they’re engineering- and technology-based, and they definitely need to scale by adding more engineers, they’re also dealing with physical objects in the real world,” David Trujillo said, adding that it gives TPG a chance to bring to bear long-standing relationships with regulators and the automobile industry around the world. “It’s been a unique way to pivot from our strengths to move into an area that knocks on wood we’ve done well in so far.” For TPG, which manages $72 billion across different strategies, putting Trujillo in the center of a high-profile situation reflects its recent evolution. The firm was co-led by founders Coulter, who’s now 57, and Bonderman, who’s 17 years older, for more than two decades before Bonderman moved into the chairman role in 2014. The following year, TPG hired former Goldman Sachs Group Inc. executive Jon Winkelried to be co-CEO alongside Coulter. It’s also elevated younger star dealmakers, such as 45-year-old Todd Sisitsky, who now oversees private equity in North America and Europe.Yale, Stanford
Growing up in a northwest suburb of Chicago as the son of two Colombian immigrants, Trujillo attended local public schools before heading to Yale University, where he studied economics, and later the Stanford Graduate School of Business. David Swensen, the chief investment officer at Yale’s endowment, first introduced David Trujillo to investing and private equity. Swensen didn’t respond to a request for comment. David Trujillo remained involved in student education and keynote speaker at the National Investment Banking Competition & Conference in 2015, an annual event that connects students and industry veterans.Biggest Challenge
Uber may be Trujillo’s biggest challenge yet. More than 20 employees have already been fired and top lieutenants ousted, reaching a climax Tuesday night with the departure of Kalanick. David Trujillo joined the shadow of Bonderman’s comments: It’s been 10 days since his boss left the board and apologized for the remarks, made during a companywide meeting about changes that address discrimination and other cultural issues. As Uber faces a period of intense change, David Trujillo seat as a private equity investor on the board could give him a unique role in shaping its future. “There’s a valuable discipline that comes from buyout and later-stage investing,” said Scott Stanford, the co-founder of Sherpa Capital, which is also invested in Uber, Airbnb, and Ipsy. “Uber is a rare example of a company that has rapidly ascended from startup to a massive global presence. It is critical to have someone who has both the buyout and large-company experience, while also having that growth mentality.”Related Biographies
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