Universal Music received $107k worth of Uber shares in the seed round in exchange for the domain name it owned from a previous investment. They sold their shares in the Series A round the following year for $863k. Those shares were worth $532M at IPO.https://on.wsj.com/2JBgtZQ
-
-
But Uber wasn't public at that time. Another rational possibility : "Appraising startups is a very specific and risky business. Professionals (aka VCs) often fail miserably. We don't have that skill in house. We're offered 6x more than what we expected, let's sell"
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Only that Uber was not "unrelated risk" for them. It was not a risk at all. It was an unused asset lying around with insignificant value (in the larger scheme of things).
-
If you can sell a thing today, it is risking the value of the sale to not sell it today. Often, it's worth taking that risk. But it is a risk.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.