"It was five years ago and both sides rewrite history, to some degree. Lin would not say if it was Kalanick who was talking about it as a black car service, or if he was trying to express that broader vision at the time. And I think if we had dreamed with him that this could transform transportation I think it would have been easier than if we were thinking about it as a black car service," he said. We did not dream with what Travis and the founders on what this could be.
#ALFRED LIN SERIES#
What we got stuck on was the market, and the original pitch during the Series A was that it was going to be a black car service. Wen looked at the entrepreneur and he was obviously relentless. So it was a product and service that we loved. We looked at the market first of all, we looked at the service and we loved it. "I think sometimes we were too smart for our own good, and that's an example of being too smart for our own good. "That was a big failure on our part," Lin admitted. In fact, Sequoia turned down the company for its Series A round. Lin invested in Uber for $30,000 during its seed round, and then $80,000 during Uber's Series A round, though he invested as an angel, not via Sequoia. Lin currently sits on the board of directors of Airbnb. Lin was at Sequoia before Airbnb raised its Series A round of $7.2 million and he has now been involved with three investments in the company: its $200 million Series C, its $475 million Series D and it's $1.5 billion private equity round. Some of Lin's most notable investments have been in the sharing economy. He was interviewed by Vator's founder and CEO Bambi Francisco. One of the keynote speakers who were proud to welcome is Alfred Lin, Partner at Sequoia Capital. On Tuesday we hosted our second annual Post Seed ( #postseedconf) event, co-hosted by Bullpen Capital and Venture51. Lin calls Sequoia passing on Uber investment, 'A big failure on our part'
0 kommentar(er)
