The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

Uber in 2009: "Bet on the Jockey, Not the Horse"

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

Ismail941

Bronze Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
May 7, 2019
432
437
199
I was reading about Uber story. I wanted to go through about its evolution just for learning purpose
I think I am trying to find a pattern based on Networking with Like Minded People & Year Time

Uber was started as side hustle in 2009 by Travis and Garrett.

The Huffington Post Says: Invest In Bulldozer

When it comes to Startup Investing: There is a saying to remember: "Bet on the Jockey, Not the Horse"


Horse = Idea
Jockey = Founder

Gary V @ How he screwed the Uber Investment twice:
2009: Invest $25K in Uber [4 Million Valuation]
2019: Return $75 Million to $200 Million in Uber [40 Billion Valuation]

#AskGaryVee Episode 47: How I Screwed Up My Uber Investment
Link: www.youtube.com/watch?v=N8CiFPwLOIs

The General Idea is: If you had $10K in 2009 for Uber Invest & if you know Travis at that time, The Uber would be worth $80-$90 Million would be after at least 6-8 years

I think there is lot to learn here.
A) Demarco talks (I think it was a fb post) about Napkin, someone will sell it [OR] someone will use to for himself/herself to own benefit
B) Demarco also talks about Opportunity doesn't care about Timing.

Time is very important depending on market's need I think.
I think recognizing opportunity in disorganized/messy way is the best way to figure it out
I think the Emotional Intelligence plays a huge factor when it comes to recognition - The Lens of the Eye The More Crystal Clear, the better


What do you think?


Here are 2 links about Uber stories:

[2012 Article] Startup Investors - Bet on the Jockey, Not the Horse
www.businessinsider.com/startup-investors-bet-on-the-jockey-not-the-horse-2012-5

[2016 Article] This $200K Investment In 2010 Is Worth $3.3 Billion Today
www.huffpost.com/entry/this-200k-investment-in-2010-is-worth-33-billion_b_579d8edbe4b00e7e269f99bd
 

Don't like ads? Remove them while supporting the forum. Subscribe.

ChrisV

Legendary Contributor
EPIC CONTRIBUTOR
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
May 10, 2015
3,143
6,824
1,512
Islands of Calleja
Gary V @ How he screwed the Uber Investment twice:
2009: Invest $25K in Uber [4 Million Valuation]
2019: Return $75 Million to $200 Million in Uber [40 Billion Valuation]
He told me this in person. He was kicking himself.
 

Sponsored Offers

MARKETPLACE Not sure how to start? This free book will teach you how to build a successful web design business
I read the book and I liked it! I would recommend it to any newbies on the forum. The part...
  • Sticky
MARKETPLACE Fox Web School "Legend" Group Coaching Program 2021
Any scholarship programs for those who can't afford the course? Broke but need this course :)...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
It's an affiliate link, so it's hard to give those up! The affiliate links are automatically...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
A week ago someone asked if one of my courses is still relevant (referring to the Upwork...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Thanks for clearing that up. What do you recommend for those who are still in the process of...
  • Sticky
MARKETPLACE Kill Bigger Incubator
I have not offered one of these in a while, but it looks like I have time to take on an...

What are Fastlaners Currently Reading?



Forum Sponsor

Grow an online business:
- Start immediately!
- Master business skills!
- 100+ Fastlane students enrolled!
Review & Details >

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom