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

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

March 7, 2016 by Eoghan McNeill

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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.

About the Author

Eoghan McNeill
Eoghan is a former journalist from Donegal on Ireland’s north west coast. In his spare time, he enjoys reading things he hasn’t written.