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Can anyone explain what's going on in that chart at the Uber b round [0]? It states their valuation at 50m and says Goldman invested 37m - how would that ever h
by mcintyre1994 11y ago
Can anyone explain what's going on in that chart at the Uber b round [0]? It states their valuation at 50m and says Goldman invested 37m - how would that ever happen? Also Angellist says that round was 32m and Goldman were 1 of 4 parties in it. [1]
[0] http://assets.bwbx.io/images/irAfvE0DI.rE/v1/488x-1.jpg http://assets.bwbx.io/images/irAfvE0DI.rE/v1/488x-1.jpg
[1] https://angel.co/uber https://angel.co/uber
- foobarqux 11y agoIt could be debt.
- mcintyre1994 11y agoI really don't know much about these things so you might well be right - but it's labelled an equity deal and they explicitly point out that the series e was debt. Also would it be typical to do 30m+in debt for a 50m company (typical is probably the wrong word given Ubers trajectory)?
- mikeyouse 11y agoTravis confirmed that the Series B was a $37M raise, you're right to be confused about the valuation in that chart though. Fortune reported recently that the post-value from that round was $330M. http://fortune.com/2014/06/06/these-are-the-venture-firms-celebrating-ubers-massive-17b-valuation/ http://fortune.com/2014/06/06/these-are-the-venture-firms-ce...
- calpaterson 11y agoThe article mentions that some of the deals GS has done with Uber have been a mixture of equity and debt