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
Related Coverage
- Menlo, Benchmark, First Round sold Uber stakes worth hundreds of millions TechCrunch · Katie Roof
- Uber Shareholders Including Kalanick Loosen Grip With Sales of Stock New York Times · Mike Isaac
- As Ex-CEO Kalanick Withdraws Further, Uber Proves Resilient Among Consumers Morning Consult · Joanna Piacenza
- Benchmark sold off $900 million of its Uber stock but wanted to sell more Business Insider · Julie Bort
- VCs Gear Up For A Long Cycle As Public Markets Soar Crunchbase News · Alex Wilhelm
- Former Uber CEO Travis Kalanick Plans to Sell 29 Percent of His Stake in the Company Slate · Aaron Mak
- Recode: Benchmark selling $900M in Uber shares Seeking Alpha · Brandy Betz
- Sources: Kalanick plans to sell ~29% of his 10% Uber stake, worth about $1.4B, to SoftBank consortium after offering 50%, the maximum allowed for board members Bloomberg · Eric Newcomer
- Travis Kalanick reportedly selling a third of his shares in Uber for $1.4 billion The Verge · Andrew J. Hawkins
- The Ride-Sharing War For Global Dominance Has One Clear Winner: Softbank's Masayoshi Son Forbes · Pamela Ambler
- Travis Kalanick's decision to sell almost a third of his shares … Vanity Fair · Maya Kosoff
- Former Uber CEO Plans To Sell 29% Of His Stake [REPORT] ValueWalk · Aman Jain
Discussion
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@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/...
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@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…
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@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/...