Erasmus "Gray" Koay’s Post

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Managing Consultant at SAMARATA & MIENS

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

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Co-founder, CEO at Circles | Startups & VC

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. ✌️

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