Lance Armstrong says Uber investment saved his family: Report

Credit: WorldNews- Published on December 7, 2018
Former cycling champion Lance Armstrong, whose fall from grace cost him millions of dollars in lawsuits and endorsements, said his investment in Uber Technologies Inc. had saved his family, according to a CNBC report on Thursday. Advertising Armstrong, who was stripped of his seven Tour de France titles and banned for life from...
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Credit: Wochit Business
Published on December 6, 2018 -  00:38
Lance Armstrong Hit The Jackpot With An Early $100,000 Investment In Uber
Lance Armstrong's early investment in Uber has paid off big time. Armstrong revealed to CNBC that in 2009, he made a $100,000 investment in Chris Sacca's venture capital firm, Lowercase Capital. His investment was then mostly spent on Uber, which at the time had a valuation of $3.7 million. Today, banks estimate Uber to be worth $120 billion, as its preparing for its first IPO. Armstrong declined to say how much the investment is worth today, but called it "too good to be true."

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