Mark Cuban, an American business tycoon, shared in an episode of Hart to Heart how he had passed an offer to invest in Uber by its co-founder, which could have earned him billions of dollars.
Why Did Mark Cuban Decline To Invest In Uber?
In a one-on-one talk with Kevin Hart, Mark Cuban brought up how Uber’s co-founder Travis Kalanick offered him to invest in Uber on a $10 million valuation but turned down the offer because he thought the rideshare company wasn’t worth that much.
In 2009, if Mark Cuban would have wagered to invest in Uber his $250,000, he could have accumulated a total investment of $2.3 billion today.
How Did Mark Cuban Miss The Opportunity To Invest In Uber?
Complex‘s published article reported that Mark Cuban took home a hefty pay when the start-up named Red Swoosh was sold by Kalanick for $18.7 to Akamai in 2007, with whom Mark Cuban has priorly invested $1.7 Billion in 2005.
This made Mark Cuban consider Kalanick’s offer to invest in Uber, however, when he negotiated for a $5 million valuation instead, Kalanick never returned and found somebody else.