Autotech Ventures’ Post

Fifteen years ago, Uber launched, and today, it's worth $140B 📈 They almost didn't make it. In 2010, Travis Kalanick and Garrett Camp struggled to raise funds for their revolutionary ride-hailing idea. They aimed to secure $1.25 million in their seed round. A $10,000 investment would have translated into a stake worth millions today. But plans didn't unfold as expected. Many investors were skeptical. Mark Cuban passed on the opportunity. Gary Vaynerchuk turned it down twice. However, a few investors saw the potential and invested (see photo). These early believers saw their investments skyrocket. When Uber went public in 2019 at a nearly $80 billion valuation, their stakes were worth millions. This is the reality of startup investing when it works. Uber will go down in history as one of the most lucrative venture capital investments of all-time. hashtag #startups hashtag #venturecapital hashtag #investing

Oh! How I remember those times - Garrett Camp was my MSc Student - here's the synopsis of his MSc Thesis - a genial work in itself which he did in my "Adaptive Information Systems" Lab at the University of Calgary https://lnkd.in/dsWNZt6V During those times he also co-founded Uber, and was flying back and forth between SF and Calgary while also having launched Stumbleupon (based on his MSc thesis work). Mitch Kapor - the cyberpunk pioneer and an early Uber investor famously remarked that "Architecture is Politics". Both Stumbleupon and Uber were founded with the same intent at their core - to improve service by giving it the ability resulting from decentralization. We were unaware of the centralization trap that the "platform economy" had hidden in it, described in detail here: https://lnkd.in/dQzSGESe I recall dearly how I met Garrett... One day while I was a Prof in Calgary, someone knocked at my office door - I opened and this young lad enters and says Hi! I want to work with you. I'm like... What? Who are you? - to which he tells me the story of how his current MSc supervisor doesn't understand his ideas, and that from what he knows about my work on self-organizing systems he can see a close connection with the system he wanted to build, a "swarm search" algorithm that would improve the PageRank of Google... It was interesting enough that I accepted to risk a conflict with my colleague to move Garrett from his group into my Lab. What he worked on you can see here https://lnkd.in/dsWNZt6V Soon after he graduated he sent me an invitation to try Uber - but it wasn't available in Canada - and in fact anywhere else... only in SF which I didn't visit often enough... I sent it to my SF friends and colleagues but didn't get much feedback on it... With time the Gig Economy "trap" hidden behind the Uber model was revealed: https://lnkd.in/d3TKgRq3 Attempts at a solution have been made so far by various decentralization pioneers who used blockchain. However, it turned out that most ways to implement the distributed ledger efficiently turn it into yet another "uberisation" trap - see a detailed explanation here: https://lnkd.in/duqBJzAg Until we will find a way to engineer completely decentralized systems we will stay trapped in this "platform serfdom" which ultimately works for those owning the platform rather than for "we the people" https://lnkd.in/d68RKzKC HyperCycle is developing the infrastructure that enables us to step out of "The Matrix" and co-create wealth through a much fairer way of exchanging value creation. I look forward to continue the exciting work with Toufi Saliba, the Genius behind Hypercycle.ai and their amazing ecosystem of products like HyperAppliance HyperRing HyperPG that are poised to shift the world economy by offering this pure peer to peer infrastructure of which Mitch Kapor , myself and the cyberpunk pioneers dreamed in the early '90s ... #platformeconomy #decentralization #hypercycle

An exciting investment opportunity is coming up. Its not just what but also who have invested.

Love this one so much! Thank you for sharing Kevin Jurovich ! This reminded me when I was writing my book, the “experts” who I actually paid money to join their circle told me, oh you should be targeting an age group or you should have a specific niche group of people, that’s too general, it wouldn’t work. But I thought to myself I agree with targeted audiences and niche such as my very first offer - Parenting Your Gifted Child Coaching Program. But with this book, I thought everyone needs Happiness regardless of their age, gender or cultural background and I persisted that now the book has been read, love, benefited readers from the age of 12 through to 70+ So, when it was time to launch 3Hearts vision I only shared with my loyal readers and people who loved the book and 17 people came on board and together we contributed and helped transformed lives especially during the COVID pandemic..! 3Hearts was an extension of my book: Connection - The Currency to Happiness; Access Your Happiness Right Here, Right Now! When I had the vision for 3Hearts, it was for contribution, I sticked with it and served for free, sacrificed my possible earnings of at least 1.5 million dollars over the 4 years..! And now, Coachjable is an extension of 3Hearts and I aim to build it to be a $100 million dollars company. I know startup founders and VCs aim for the Unicorn status like Uber and Canva but that’s is a byproduct if and when all your secret sauces and ingredients made it into a 5🌟 restaurant, then you can aim for the Michelin Star ⭐️ ranking and so … let’s aim to walk before we run 🏃♂️ …! Yes, keep believing yourself and back yourself up even when others don’t see you what you see… because your vision is your you to see only..! And when you are given the vision and message you are the messenger who needs to deliver the message..! All of these happened because I heard of two teenagers who took their own lives due to cyber bullying and that’s what got me to publish my book..! Prior to that I was happily being a coach helping parents to enjoy parenting more and helping soloprenuers to work on their dreams but since then I have helped leaders, change makers, educators, organizations etc. So, listen to your intuition aka your guidance from the universe AND take action! AND KEEP BELIEVING IN YOURSELF!!! (Not shouting, emphasizing only. Will get a new phone that can show bold or italics. Lol!) Enjoy Kevin’s post and your weekend! 🎉🌟❤️❤️❤️🌟🎉

these are the goals as an Angel Investor

Investing in the U.S. has produced outlier returns because of the depth of its capital markets. While it’s unlikely there’d be another situation that lets a $5k ticket turn into $24M+ in 15 years’ time, the Uber case study is still worth a study. My own read? It’s still possible to invest $5k to get a $10k-50k return among current startup opportunities. That absolute amount is ok for angels, but doesn’t move the needle for VC funds. Either way, be prepared to hold for 10+ years when parting with your money.

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Fifteen years ago, Uber launched, and today, it's worth $140B 📈 They almost didn't make it. In 2010, Travis Kalanick and Garrett Camp struggled to raise funds for their revolutionary ride-hailing idea. They aimed to secure $1.25 million in their seed round. A $10,000 investment would have translated into a stake worth millions today. But plans didn't unfold as expected. Many investors were skeptical. Mark Cuban passed on the opportunity. Gary Vaynerchuk turned it down twice. However, a few investors saw the potential and invested (see photo). These early believers saw their investments skyrocket. When Uber went public in 2019 at a nearly $80 billion valuation, their stakes were worth millions. This is the reality of startup investing when it works. Uber will go down in history as one of the most lucrative venture capital investments of all-time. #startups #venturecapital #investing _____ Enjoy this? Follow Kevin Jurovich for daily startup & VC insights and the occasional meme. ✌️

If you are a startup founder, take heart. It's not just you. Raising money sucks even when you have revolutionary unicorn ideas. It's partly the system, partly who you are trying to convince. If this list showed what it took for the women and minorities to raise for game changing technologies and ideas that were massive impact, the story would be even more frustrating. Yet. A new way is coming... #entrepreneurs and #artists will be able to focus on creation, execution, scale, success... not just convincing VCs that they've got enough traction to fund the latest round that depletes their energy. A new time is coming. #Bitcoin treasuries will revolutionize how we grow the next GOATs. #startups #fundraising #investment #earlystage #tech #btc #entrepreneurship #shiftthegame #thecpnspiracy

incredible value creation in 15 years...