Uber's original pitch deck shows how its changed as founders cash out - Business Insider

Uber CEO Dara Khosrowshahi and co-founder Garrett Camp take a selfie photograph on the trading floor of the New York Stock Exchange during the company's IPO in New York.Uber

, now a decade old, went public back in May on the New York Stock exchange, but has disappointed investors in the five months since. Co-founders Travis Kalanick and Garrett Camp began cashing out hundreds of millions of dollars worth of stock this month as the company's lockup period expired. The cash outs provide a perfect opportunity to revisit "UberCab"'s original pitch to investors more than 10 years ago. Uber founder Garrett Camp cashed out roughly $13 million of his massive stake in the company this week, according toThe sale of 8,462,352 shares was worth $13,538,023, the filing shows, and will still leave the entrepreneur with a roughly 4.75% stake in the company.

Last week, Camp's co-founder and Ubers famously ousted former chief executive Travis Kalanick began selling some of his stake as well, on a much grander scale. Kalanick, who's working to build a

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meet ScootScoop the e-scooter repo-men fighting Bird, Lime, Uber - Business InsiderHow do an international repo-man and a bike shop owner end up in business together? A common enemy. In this case: electric scooters.
Source: BusinessInsider - 🏆 729. / 51 Read more »