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The story behind the story

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Sources: Benchmark, GV sold ~14.5% of their Uber stakes, worth ~$900M, ~$350M respectively; Garrett Camp sold ~15% for ~$400M; Menlo sold ~46%, First Round ~38%

Google Ventures, or GV, also sold several hundred million dollars of stock in the transaction.

Recode Theodore Schleifer

Discussion

  • @teddyschleifer Teddy Schleifer on x
    News: Google Ventures sold about $350 million in Uber stock. Sale comes as Uber and Alphabet butt heads. http://www.recode.net/... http://twitter.com/...
  • @jeff Jeff Clavier on x
    Menlo, Benchmark, First Round sold Uber stakes worth hundreds of millions http://techcrunch.com/... > DPI, baby. DPI. Congrats to our friends at @firstround for being believers of the first hour. And massively cashing out. That's when paper profits turn real. Before then, it's BS…
  • @shaig Shai on x
    Looks like First Round Capital is sitting on a 6x+ DPI (for Fund III) on the Uber sale http://techcrunch.com/...