Uber Confirms New $1.2B Funding Round, Looks to Asia for Expansion
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Re: Uber Confirms New $1.2B Funding Round, Looks to Asia for Expansion
#2It's a popular meme in tech journalism that Uber is "under attack" for its nefarious business practices, but how much has this sense pervaded outside the tech bubble?
Re: Uber Confirms New $1.2B Funding Round, Looks to Asia for Expansion
#3How much does Uber spend? How could they possibly need to raise that much?
Re: Uber Confirms New $1.2B Funding Round, Looks to Asia for Expansion
#4Wow. $40 Billion valuation, hiring 1 million people in the coming year, opening new sites at the rate of almost 1/day.
Neither Travis Kalanick or any current senior execs sold any stock in the current round.
Uber will either be the biggest boom or bust story there's been in quite some time. This will be fun to watch.
Re: Uber Confirms New $1.2B Funding Round, Looks to Asia for Expansion
#5Under the same leadership?
Re: Uber Confirms New $1.2B Funding Round, Looks to Asia for Expansion
#6Honest question: what is the return multiple that an investor expect when he/she invests in a $40bi valuation?
If Angels & Seed expect 100x; VC expect 10x; I imagine these investors expect as much as a common stock exchange investor: 1.2x a year?
Re: Uber Confirms New $1.2B Funding Round, Looks to Asia for Expansion
#7How much does Uber spend? How could they possibly need to raise that much?
Uber spends a lot to acquire new drivers. They hire staff to recruit them, give them a new phone, and give the driver a signing bonus.
Re: Uber Confirms New $1.2B Funding Round, Looks to Asia for Expansion
#8Wow. $40 Billion valuation, hiring 1 million people in the coming year, opening new sites at the rate of almost 1/day. Neither Travis Kalanick or any current senior execs sold any stock in the current round. Uber will either be the biggest boom or bust story there's been in quite some time. This will be fun to watch.
Have any of the released Uber decks show when profitability is expected and what their run rate is? Curious how long VC money can fund cheap rides for.
Re: Uber Confirms New $1.2B Funding Round, Looks to Asia for Expansion
#9It's a popular meme in tech journalism that Uber is "under attack" for its nefarious business practices, but how much has this sense pervaded outside the tech bubble?
On Facebook I've seen people post about it. These are people who might have a job in tech (e.g. marketing at a tech company) but for the most part don't read Hacker News or tech articles often. Keep in mind there were some late night television shows covering the issue and a few politicians peaking in for review. I think it is an issue with some appeal to those outside of tech, but for the most it doesn't seem to be an issue. I mean NSA spying and privacy issues don't get the masses to delete Facebook accounts or Gmail, so it certainly won't stop Uber.
Re: Uber Confirms New $1.2B Funding Round, Looks to Asia for Expansion
#10It's a popular meme in tech journalism that Uber is "under attack" for its nefarious business practices, but how much has this sense pervaded outside the tech bubble?
Outside the tech bubble and the big cities, the viewpoint is generally "What's Uber?" and "What's AirBnb?" I even have had Uber drivers in big cities who had no idea what AirBnb was.