News Formal

One of Uber's earliest investors explains why he invested in the first place, and how the company is going to keep growing past its IPO

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Menlo Ventures led Uber’s Series B in 2011. Here’s what Menlo's Shawn Carolan want to invest in the first place.

Menlo Ventures, a prominent Silicon Valley venture capital firm, led Uber's $32 million Series B fundraise in 2011.

He says that founder and ousted CEO Travis Kalanick played an undeniably crucial role in the success of Uber, but also acknowledges that his management style led to big problems at the company. His attitude changed when he pulled up the app and ordered his first Uber from the second floor of his building. He says the car was waiting for him by the time he walked downstairs. That's when it clicked.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Uber IPO; Central banks in focus; Delta earningsCNN's ChristineRomans has the day's top business headlines before the opening bell on Wall Street ChristineRomans Why do people still watch these fools ChristineRomans I get it. Make money only if u have money ChristineRomans
Source: CNN - 🏆 4. / 95 Read more »