Evidence receipt / uncertainty
Published · transcript-backedBen Gilbert: uncertainty
1 Mar 2017 Acquired The Uber - Didi Chuxing Merger with Brad Stone, author of The Upstarts & The Everything Store
“We don’t know exactly when Uber hit a $1 billion valuation but they did their series B on 300 million in December 2011 and their series C in August 2013 on 3.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- uncertainty
- Recorded
- 1 Mar 2017
- Publisher
- Acquired
Transcript context
…Yeah. I mean, it’s like when Mark Zuckerberg talks about Facebook going on “lockdown.” I’m pretty sure the employees still go home at night but in China, they don’t. Well, in crushing the numbers it looks like it literally was about twice as fast. We don’t know exactly when Uber hit a $1 billion valuation but they did their series B on 300 million in December 2011 and their series C in August 2013 on 3. 5 billion. So if you look back at their seed of August of 2009, they probably hit a billion dollars about four years after founding, approximately twice as long as their Chinese counterparts. So, it really is an insane pace. You just think about the size of the Chinese market and how car ownership is so much less developed in China and so there was just more of a hunger for this kind of service.…
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