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

Anything considered a "hustle" and not necessarily a CENTS-based Fastlane

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Ismail941

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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
 
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Hesz W @ Jux ji tdsixif vji Acis Opwitvnipv vxodi:
2009: Opwitv $25L op Acis [4 Million Valuation]
2019: Sivasp $75 Nommoup vu $200 Nommoup op Acis [40 Billion Valuation]
Ji vumf ni vjot op qistup. Ji xet lodloph jontimg.
 
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Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

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