Uber Raises Funding at $62.5B Valuation
bloomberg.com
Uber Raises Funding at $62.5B Valuation
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Re: Uber Raises Funding at $62.5B Valuation
#2Their IPO is going to be huge.
Re: Uber Raises Funding at $62.5B Valuation
#3Whew!
I get worried when more than 60 days goes by without them announcing a MegaRound(tm) at an InsaneValuation(R).
Re: Uber Raises Funding at $62.5B Valuation
#4That's close to Basecamps valutation :)
https://medium.com/@jasonfried/press-release-basecamp-valuat...
Re: Uber Raises Funding at $62.5B Valuation
#5So by now Uber has raised capital and debt from:
- some pretty famous angle investors
- some pretty famous venture capital funds
- some pretty famous investment banks
- some pretty famous private equity firms
- some pretty famous hedge funds
- some pretty famous mutual funds
It's worth asking, if they have reached the point where their success becomes less about their execution, though that's still important, and more of a self fulfilling prophecy.
I mean you now have some very influential people to call on if you need help on navigating the IPO process, or government lobbying for rules changes, etc.
I've completely changed my mind on Uber, 18 months ago I would have felt nervous as employee joining them when determining if my options would be worth much. Now, I'd be asking if i could put 50% of my paycheck towards buying more options.
Steve Balmer was famous for acquiring as much Microsoft stock as he could, even after he became the CEO. I'd be mimicking Steve Balmer here and acquiring as much Uber as I could right now.
Re: Uber Raises Funding at $62.5B Valuation
#6I think Uber used their last round of funding to poach the entire Carnegie Melon robotics department for their self-driving cars, so it will be interesting to see they do with this $2.1 billion dollars.
Re: Uber Raises Funding at $62.5B Valuation
#7Lyft "lost $127 million in the first half of 2015 on $46.7 million in revenue, according to the documents. Lyft said last month that it has gained market share in key markets, such as San Francisco, and has a gross revenue “run rate” of $1 billion."
I had no idea lyft was losing 3x the their revenue. That is crazy.
Re: Uber Raises Funding at $62.5B Valuation
#8Close to 1/10th of Apple's market cap, still a huge huge number. Nearly $2bn in revenue when reported by recode on August 2015. Facebook market cap was approx $81bn when launched. Probably once it will get closer to $100bn and then we will see an IPO.
Re: Uber Raises Funding at $62.5B Valuation
#9Yet mostly still unregulated. I cant get over all the bad stuff they did to get where they are now. I am not defending taxi drivers (it seems that ANYONE against Uber business model = taxi supporter - at least according to majority of A/B society) but Uber is what corporations shouldn't be - breaking laws, throwing money to shut people and lobbying every politician they can. While I understand love by people that use it to make money or communicate, their whole model is just wrong and example of how corporation shouldn't be imo.
Re: Uber Raises Funding at $62.5B Valuation
#10So by now Uber has raised capital and debt from: - some pretty famous angle investors - some pretty famous venture capital funds - some pretty famous investment banks - some pretty famous private equity firms - some pretty famous hedge funds - some pretty famous mutual funds It's worth asking, if they have reached the point where their success becomes less about their execution, though that's still important, and mor…
There is limited upside at 60+billion.