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Yes, they technically did. But they are congratulating themselves on an 18% gain, having invested in early 2018. The S&P 500, with reinvested dividends, is up 2
by icebraining 7y ago
Yes, they technically did. But they are congratulating themselves on an 18% gain, having invested in early 2018. The S&P 500, with reinvested dividends, is up 22% over the same period.
- tempsy 7y agoUpside for Uber is higher than S&P at this point. Could easily go above IPO price given the general upward trend + their good earnings.
- alephnan 7y agoThen they could have bought S&P500 first, then buy into Uber now
- tempsy 7y agoThat’s just called hindsight. If anyone knew at the time of decision what the perfect investment was we’d all be billionaires.
- alephnan 7y agoRight, we don’t. But no one buys the S&P500 because it’s the perfect investment. It’s diversified. Much less risky then buying an individual stock like Uber.
- tempsy 7y agoYou're wondering aloud why a VC firm doesn't just buy the S&P. I think you can figure that one out yourself.
- deleted 7y ago[deleted]