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> Uber came out of the gate with war chests from investors How the hell did Uber manage to convince investors to fund them so before they showed success?
by selestify 11y ago
> Uber came out of the gate with war chests from investors
How the hell did Uber manage to convince investors to fund them so before they showed success?
- cookiecaper 11y agoThere's nothing really technically special about Uber so I doubt that investors were lured by the strength of the proposal or anything like that. The founder of StumbleUpon was a co-founder, so it was most likely through his connections + track record, but I don't actually know the details (someone else here might). I would guess that it's just an accident of luck that Uber became Uber -- right time, right place, and right connections. That's what it takes to get a business off the ground, especially a business that raised $1.5 million in funding before it was released (per Wikipedia's timeline).
- deleted 11y ago[deleted]
- tim333 11y agoKalanick's previous company Red Swoosh sold for $19m. They were probably backing him as much as anything.