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According to WSJ tech editor Scott Austin, Benchmark, a San Francisco-based venture capital firm, invested $9 million in Uber’s Series A round in 2011. At the proposed IPO price of $55 a share, the $9 million investment would soon be valued at $6.9 billion. The $6.9 billion figure excludes Benchmark’s sale of its $900 million worth of Uber stock to SoftBank, which paid more than $7.7 billion last year for its share of Uber. Where Does Benchmark’s Uber Investment Rank in All-Time Best VC Bets? Some of the all-time best venture capital deals involve companies like Facebook and Whatsapp. When

The post San Francisco VC Turns $9 Million into Eye-Popping $6.9 Billion in Uber IPO Jackpot appeared first on CCN

According to WSJ tech editor Scott Austin, Benchmark, a San Francisco-based venture capital firm, invested $9 million in Uber’s Series A round in 2011. At the proposed IPO price of $55 a share, the $9 million investment would soon be valued at $6.9 billion. The $6.9 billion figure excludes Benchmark’s sale of its $900 million worth of Uber stock to SoftBank, which paid more than $7.7 billion last year for its share of Uber. Where Does Benchmark’s Uber Investment Rank in All-Time Best VC Bets? Some of the all-time best venture capital deals involve companies like Facebook and Whatsapp. When

The post San Francisco VC Turns $9 Million into Eye-Popping $6.9 Billion in Uber IPO Jackpot appeared first on CCN

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