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> With Uber close to a new $150 Million+ financing round at a stunning $3.5 Billion valuation, Travis Kalanick has the funds necessary to dominate the transport
by eigenvector 13y ago
> With Uber close to a new $150 Million+ financing round at a stunning $3.5 Billion valuation, Travis Kalanick has the funds necessary to dominate the transportation market in cities around the world and at a stunning pricing (less than 5% of his company for that $150Mn).
$3.5 billion is peanuts in the world of transportation infrastructure. You couldn't "dominate" the transportation market in even a single major city with $100 billion.
- jevanish 13y agoYou're right, but it puts them further out in front of any competition they're facing. I expect they'll be raising more rounds but at similar friendly terms as well as being able to self-fund continued expansion from profits in other cities. Remember, they're still seeing double digit growth every month (I think Travis said 18% M.o.M.)...that's a lot of cash to reinvest in even more growth.