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Uber Raises Giant $1.2 Billion Funding Round At A $17 Billion Valuation
- skizm 12y agoThis looks like the 6th round of funding[1]. The title here indicates that about 14% of the company was sold (series D). The series C round with Google Ventures took about 13% (according to this article). Series B was from Jeff Bezos and co. which didn't have a valuation but Uber was quoted saying "We sold very valuable shares"[2]. Let's call series B funding at ~10 - 15%. Series A usually takes 20%. Seed and angel rounds take any where from 2 - 10%. Another 5 - 10% go to early employees I am guessing. So based on my very unscientific guesswork, Uber has sold off somewhere between 66 to 92% of their company. I'm not very versed in this topic, but is it typical to have sold this much of your company at this point in the game? Let's say they IPO soon. Do they (the founders) stay in complete control of their company? Or is that related to how they split up the stock and the terms at which they sold their shares in each series? [1] http://www.crunchbase.com/organization/uber http://www.crunchbase.com/organization/uber [2] http://techcrunch.com/2011/12/07/uber-announces-32-million-in-funding/ http://techcrunch.com/2011/12/07/uber-announces-32-million-i...