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"Benchmark's investment of $27M is worth $8.4 billion today" "We have investors ready to acquire these shares" So they have 8.4 billion in new funding lined u
by calafrax 9y ago
"Benchmark's investment of $27M is worth $8.4 billion today"
"We have investors ready to acquire these shares"
So they have 8.4 billion in new funding lined up? Somehow I doubt it.
- HNNoLikey 9y agoThis wouldn't be so much new funding as it would be swapping equity holders. It would be a great investment if Uber keeps growing and one day exits. And Uber will grow - I don't think they've even scratched the surface since logistics is still wide open, among other things. It could very easily be another Amazon-esque juggernaut 10-15X current value.
- calafrax 9y agothe statue of liberty would be a great investment if the government was planning to tear it down and sell it for scrap and you could buy it cheap before the word got out.