How Travis Kalanick, other investors fared in Uber IPO Other big winners: SoftBank, Benchmark, Alphabet, Saudi Arabia investment fund Uber co-founder and former CEO Travis Kalanick, left, and his dad Donald look out at the floor of the New York Stock Exchange before the opening bell as the ride-hailing company makes its highly anticipated initial public offering on May 10, 2019 in New York City. (Spencer Platt/Getty Images) By Levi Sumagaysay | lsumagaysay@bayareanewsgroup.com | Bay Area News Group PUBLISHED: May 10, 2019 at 7:16 am | UPDATED: May 10, 2019 at 7:21 am Ousted Uber CEO Travis Kalanick’s stake in the ride-hailing giant he co-founded a decade ago, which is going public Friday, is now worth more than $5 billion. The company set its IPO price at $45 a share Thursday, on the low end of its target range, after the dismal showing of its big rival, Lyft, on public markets so far. Uber co-founders Kalanick, Garrett Camp and Ryan Graves were on hand at the New York Stock Exchange as CEO Dara Khosrowshahi rang the opening bell to kick off the day’s trading. As of 7 a.m. Pacific time, Uber was still awaiting its first trade. When asked how by CNBC how he felt Friday morning, Camp — who came up with the idea for Uber — said simply, “I’m glad it worked out.” Kalanick, who was forced to step down as chief executive of Uber two years ago, remains on the San Francisco company’s board. He has an 8.6 percent stake in Uber. Graves and Camp also remain on the board and have sizable stakes in the company. Kalanick was ousted in June 2017 after scandals galore for Uber. In February of that year, former company engineer Susan Fowler published an essay in which she accused Uber of doing nothing in response to her allegation of sexual harassment. That was followed by other news reports and public accusations of harassment, racism, sexism and homophobia at the company. Also, Uber reportedly was using a tool to evade law enforcement, and a leaked email showed Kalanick addressing sex between employees and warning workers of a “puke charge” during a company trip. Amid all the culture-related scandals, Google spinoff Waymo accused Uber of stealing its self-driving vehicle trade secrets. The two companies settled in 2018 for about $245 million in Uber equity, so Waymo also stands to benefit from Uber’s IPO. In early June, after months of bad press, Uber fired 20 employees for various reasons. Kalanick stepped down at the request of the board a couple of weeks later. Kalanick is now CEO of City Storage Systems, a Los Angeles-based holding company that repurposes distressed real estate properties. Its holdings includes CloudKitchens, which provides kitchen-rental services for restaurants and food brands — and is a partner of UberEats, Khosrowshahi tweeted in March. Related Articles Uber drivers strike, protest ahead of company’s IPO Uber prices shares for IPO, which could value it at up to $84 billion Uber drivers plan pre-IPO protest, strike Bay Area job market powers to big new employment gains With IPO on the way, Uber scores $1 billion investment for self-driving group Here’s how other Uber players with the biggest stakes in the company made out, based on the company’s IPO pricing: SoftBank (16.3 percent): $9.8 billion Benchmark Capital (11 percent): $6.5 billion Garrett Camp (6 percent): $3.5 billion Saudi Arabia’s Public Investment Fund (5.3 percent): $3.3 billion Alphabet (5.2 percent): $3.2 billion Ryan Graves (2.4 percent): $1.4 billion TPG (2.4 percent): $1.4 billion https://www.mercurynews.com/2019/05/10/how-travis-kalanick-other-investors-fared-in-uber-ipo/
The best Uber story is Lance Armstrong. He was near bankruptcy but a gamble in Uber saved him and made him rich.
Off topic : Alphabet (5.2 percent): $3.2 billion Nice, then, Boston Dynamics & etc ; how one, could ever get disrupted, if at such path of diversification in multiple business (?)