And "New York Times Claims Bidders Circling Uber….But How Serious Is This, Really?".
And "Three Uber Investors Ask Benchmark to Forfeit Board Seat"
The dysfunction is strong with this one.
They own series A stock.
The same Benchmark Capital whose Bill Gurley famously followed in Sequoia's footsteps and told their investees to get their costs under control. Fast. Back in 2008
Venture Capital: From the Valley Comes a Warning
From the Daily Mail, April 13:
The King Midas of Silicon Valley: How a Yale graduate, 42, whose firm is set to make $11BILLION when Uber goes public, has already helped launch Facebook, Instagram and LinkedIn, all while living a millionaire lifestyle with his Norwegian lawyer wife
- Matt Cohler is behind some of the most successful companies in Silicon Valley
- His firm Benchmark is Uber's largest shareholder with 11 per cent of Uber
- Cohler worked with Instagram, Twitter, Snapchat, Uber, Zendesk, and Tinder
- Silicon Valley success started with a management consultant role in China
- He would go on to meet former PayPal executive Reid Hoffman after leaving Yale
- Cohler became Hoffman's protégé, helping to launch his new start-up, LinkedIn
- It was there, in the summer of 2004, he would meet Mark Zuckerberg
- He joined Facebook in 2005, the seventh full-time employee and became vice president of product management before leaving in 2008 to go to Benchmark
- The New Yorker now lives with wife Pia Oien Cohler in San Francisco
- They live a charmed life after getting engaged in 2015 and married a year later
- In 2016 he beat the likes of Beyonce, LeBron James, Kobe Bryant and Floyd Mayweather to be named the 23rd richest entrepreneur under 40 in America
- He made the Forbes The Midas List of top tech Investors in 2019
He's the Silicon Valley venture capitalist millionaire who was employee number seven at Facebook, helped to launch LinkedIn and now sits on the board of Instagram and Tinder.But for Yale graduate Matt Cohler, 42, the biggest windfall could come on the day Uber stocks go public.
The ride sharing app filed publicly with the U.S. Securities and Exchange Commission for its initial public offering (IPO) Thursday, taking it a step closer to one of the largest technology stock listings of all time.
And that's good news for Cohler, whose firm Benchmark is Uber's largest shareholder with 11 per cent of the company. Estimates say it could be on track for up to $11 billion after the IPO.
Not that Cohler doesn't already have his fair share of wealth after being behind some of the most successful companies in the history of Silicon Valley.The New Yorker, who once tried his hand at being a saxophonist and now lives with his Norwegian lawyer wife Pia Oien Cohler in San Francisco, made the Forbes The Midas List of top tech Investors in 2019, coming in at number 77.....MORE
