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How Uber raised their first major round at our European event Web Summit

Dylan Kelly
Published on March 7, 2016

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“The magic began basically after the conference was over, in the evening, when everyone goes to the pubs. It was truly magical”Scott Stanford, Co-Founder of Sherpa Capital and investor in Uber.

Scott’s talking about his time at our European event Web Summit in 2011. He found himself talking to Uber Co-Founder Travis Kalanick over a pint after the day’s talks had finished.

Uber had just 9,000 customers and were raising a Series B; Scott was co-head of internet investments for Goldman Sachs.

Scott and Travis talked at a table in a Dublin pub, discussing how Uber could go from “this small company” to the industry behemoth it is today. Within a day Scott had invested on behalf of Goldman Sachs in Uber’s $37 million Series B.

But it gets better and you’ll have to watch the video to learn why:

The round was led by Menlo Ventures, whose “rookie VC” Shervin Pishevar signed papers with Travis after a drink in a different pub in the Irish capital. Shervin and Travis ultimately signed papers in Travis’s Dublin hotel:

“It has turned into one of the most important investments of my life,” says Shervin.