Cha-Ching…looks like Uber is joining the $17 billion Club.
Uber’s CEO Travis Kalanick confirmed the funding and valuation by saying that, “With our growth and expansion, the company has evolved from being a scrappy Silicon Valley tech startup to being a way of life for millions of people in cities around the world. This ‘Uber’ way of life is really a reflection of our mission to turn ground transportation into a seamless service and to enable a transportation alternative in cities that makes car ownership a thing of the past.
Uber is available in 128 cities in 37 countries worldwide, and their new valuation is a record for technology startups in a direct investment round.
Kalanick was a speaker during a past Tech Cocktail Startup Mixology conference where he shared his entrepreneurial experience, which led him to build a now billion dollar company. It’s very insightful – enjoy!