Uber & the Benefit of Building Social Capital
Since hitting what was then reported to be a $330mm valuation in 2011, just two years after launching, everything has seemed “up and to the right” for Uber. Its valuation rose to $3.5b by 2013 then $17b in 2014. In the last 7 months or so, the ascent has continued, reaching what is now believed to be around $50b. For perspective, that makes Uber — again, a company that launched in 2009 — larger than 80% of the S&P 500.