Uber regret: what’s it worth now?
Props to Uber (and their investors), first of all. I dismissed Uber’s viability in 2009/2010 when 3 acquaintances joined the company right out of college in ops/bizdev/bizops roles. Hindsight is always 20/20 but I really regret not speaking to Uber back then when I had the chance. :/ The acquaintances are still at Uber - one is a VP and the other two are sr managers (all in non-tech). What do you think their stakes are worth now? The topic came up during a recent gathering, and we are estimating $25M to $50M, but definitely under $100M (even for the VP). Anyone have a more credible credible estimate?
You regret not knowing yesterday’s lottery numbers?
Who the fuck cares?
Why don't you ask them? I would guess $10mm but that's a wild guess.
They raised 11m @ 60m valuation as of mid 2011. If your friends joined before then, we can assume a 1000x. Hard to tell between refreshers, liquidity events, dilution, etc, but I'd estimate they're all well into the 10s of m. Your VP friend very well might have cracked 100, since I know a couple VPs are sitting at ~300 paper cash. 25-50 is a very fair guess, especially since they're non-eng. You can't predict this kind of shit so don't bother dwelling on it. Just move on.
Not move on, start taking risks. Try one new risky company every year. The downside of not trying is too high.
Nah, for every person who gets rich off of joining a young company, there are 10 who strike out on mutiple, scrape by for 10 years, and end up multiple levels below their peers in big tech The EV of staying with big tech is much higher than swinging for the fences at small companies. That being said, the chances of making $50m in big tech are very small
I give u a better idea, take a look at Amazon stock and told yourself someone you know bought it 10 years ago, asked you buy you didn't buy. Feel miserable?
Why aren't you kicking yourself for not taking advantage of the bitcoin faucets years ago that would just give you 5/day for free? Sometimes you just can't predict this shit
It's called dodging the get-rich-quick bullet and I have done it at least three times ... Just get used to it in the Bay Area because it happens a lot.
They are worth nothing until an exitable event occurs which with Uber means an IPO. They should be in good shape, but Uber has a pretty huge valuation and is not profitable. If Uber goes public I am not a full believer that all their round strike prices will be heavily in the green..... Also this is not ‘get rich quick’ as they have been working at the company for ~8 years and still no exitable event....
There were 2 tender offers already. They probably got millions from them
Who cares
Ditto