Uber – PhillyEnterpriseTech

Philly EnterpriseTech PeopleNews 3/31: Uber co-founder Camp steps back from board role; Patrick Murphy to Chair Cerner Government Advisory Board

goPuff Executive, Christopher DeSousa Joins Driven Deliveries' Board of Directors https://t.co/S3epClPhK6 via @YahooFinance
— Tom Paine (@phillytechnews) March 31, 2020

Interesting because the Saudis, major investors, weren’t crazy about the cannabis trade.. This doesn’t put goPuff in, but maybe closer than before.

Patrick Murphy to Chair Cerner Government Advisory Board | WashingtonExec https://t.co/JEELrH12kV via @WashingtonExec
— Tom Paine (@phillytechnews) March 31, 2020

Cerner has a $10 billion contract with the VA. Wave the flag.

Cabaletta Bio Reports Fourth Quarter and Full-Year 2019 Financial Results and Provides Business Update https://t.co/Ic0jLRpTqr
— Tom Paine (@phillytechnews) March 31, 2020

New officers named

Tabula Rasa names Sparacino to SVP of investor relations, corporate development https://t.co/0nCZcDyfGG #philly #peoplenews
— Tom Paine (@phillytechnews) March 27, 2020

Uber co-founder Garrett Camp steps back from board director role https://t.co/Ng0C9SId6H via @techcrunch. #peoplenews
— Tom Paine (@phillytechnews) March 31, 2020

Has worked with First Round Capital on multiple deals.

Incyte Names New Member to Its Board of Directors | Business Wire https://t.co/sjkv6vynVm #Peoplenews
— Tom Paine (@phillytechnews) March 26, 2020

Former Spark exec.

SAP SuccessFactors appoints Jill Popelka as new President https://t.co/Ufs4nhPhc4 via @hrexecmag #peoplenews
— Tom Paine (@phillytechnews) March 20, 2020

Villanova University Appoints Michele Marcolongo, PhD, PE, as the Drosdick Endowed Dean of the College of Engineering | Business Wire https://t.co/FcPFebQ9cU
— Tom Paine (@phillytechnews) March 31, 2020

from Drexel

Osage Venture Partners Welcomes Emily Foote to the Investing Team | Business Wire https://t.co/FBq2bWEXhs
— Tom Paine (@phillytechnews) March 31, 2020

Penn National Gaming’s Trials and Tribulationshttps://t.co/sjQTIcEitn pic.twitter.com/EXysR8JoF4
— Tom Paine (@phillytechnews) March 30, 2020

Apple guy gets big surprise

Philly EnterpriseTech Highlights 2/6/20-2/7/20: Unisys sells Fed business; Uber says it will find a way to breakeven later in year

ViacomCBS to Expand CBS All Access Streaming Platform With More Cable Content https://t.co/f6WMtdiFAy via @variety
— Todd Spangler (@xpangler) February 7, 2020

Will Tax Incentives Jump-Start NJ’s Data Center Industry?

Activist fund pushes for stock buybacks and for the tech giant to improve corporate governance to boost share price. https://t.co/e6MiOoyFxl via @WSJ
— Tom Paine (@phillytechnews) February 7, 2020

PPD Inc. Raises $1.62 Billion in 2020’s Biggest U.S. IPO https://t.co/ExVYwKxri1 via @YahooFinance
— Tom Paine (@phillytechnews) February 7, 2020

Uber Posts Faster Growth, but Loses $1.1 Billion https://t.co/WUhCTMLTRi
— Tom Paine (@phillytechnews) February 6, 2020

Vanguard to offer private equity funds to institutions. Will mom-and-pop investors be next? https://t.co/jWpoYY79vj via @phillyinquirer
— Tom Paine (@phillytechnews) February 6, 2020

Zoho's a fascinating company; question is, how upmarket can it go in CRM, ERP?https://t.co/cjfmE2iL86
— Tom Paine (@phillytechnews) February 6, 2020

AT&T is doing exactly what it told Congress it wouldn’t do with Time Warner https://t.co/2ysuG79oy3
— Tom Paine (@phillytechnews) February 6, 2020

Amazon plans to expand its workforce to some 15,000 employees in Bellevue, Washington — a more than seven-fold increase https://t.co/X8cMwnqfyO
— Bloomberg Technology (@technology) February 6, 2020

"The shackles have come off": Unisys plans "a world of deals" as gov't sale pays down pensions, debt https://t.co/SSAJAZzUO3
— Joseph N. DiStefano (@PhillyJoeD) February 6, 2020

New: Bloomberg: Match Group asks Meet Group to consider tying the knothttps://t.co/gamF1xpVpf pic.twitter.com/ZPOYsEhlMJ
— Tom Paine (@phillytechnews) February 8, 2020

Friday night scoop: white-hot cloud computing startup Snowflake is raising $479 million at a $12.4 billion valuation from investors Dragoneer and Salesforce, sources tell @ForbesTech. https://t.co/zrSnazoMqo
— Alex Konrad (@alexrkonrad) February 7, 2020

https://t.co/zCWQIg4Shw
— Tom Paine (@phillytechnews) February 7, 2020

Acumatica ramps up after private equity deal, using new owner’s cash for an acquisition of its own https://t.co/TvK4BiH0MR #prime #feedly
— Tom Paine (@phillytechnews) February 7, 2020

Amazon has quietly hired the NBCUniversal executive known as ex-CEO Jeff Zucker's 'right-hand man' to lead PR for its original video and streaming services (AMZN) https://t.co/avIixh4y5O #mustreadblogs #feedly
— Tom Paine (@phillytechnews) February 7, 2020

First Round’s tally on Uber is in

Tom Paine

The Wall Street Journal published an article this week highlighting some of the biggest VC investment wins of recent time, choosing First Round Capital’s stake in Uber as a prime example.

The numbers it has for that are $500,000 invested in 2010, returning proceeds of $2.5 billion, or 5,000x its investment. I saw some slightly different figures in other publications.

Of course, these results came from the WSJ, not First Round. And I’m not sure they recognized that about 40% of First Round shares were sold last year as part of the Softbank offer, according to sources.

Planning for the capital gains on that profit must have been a bear.

philly enterprisetech highights 4/13

TechCrunch’s first story on Uber (then UberCab) way back in 2010 by @Leenarao https://t.co/a5AfMZ3bH3— Lucas Matney (@lucasmtny) April 12, 2019
+1. Highly recommend this plan. @visitphilly https://t.co/bCHSla0v92
— PhillyForce (@PhillyForce) April 13, 2019
Why is Safeguard Scientifics on a planned path to its demise:?
— Tom Paine (@phillytechnews) April 13, 2019
Analyst: Verizon Should Partner with Charter, Comcast on Wireless Infrastructure https://t.co/0gNwt71610
— Tom Paine (@phillytechnews) April 13, 2019
T-Mobile relaunches Layer3 TV service as TVision Home https://t.co/uYwZZMHgts via @Verge
— Tom Paine (@phillytechnews) April 12, 2019
Amazon boss snubs ‘expensive’, ‘sub-optimal’ relational databases. Here’s looking at you, Larry https://t.co/bv1vlPwlVl
— The Register (@TheRegister) April 12, 2019
#TBT: Muni Wi-Fi in Philly; mobile gaming grows; AOL adds VoIP … this week in 2005 https://t.co/E4GP172a9V via @rcrwirelessnews
— Tom Paine (@phillytechnews) April 12, 2019
Who Will Win? https://t.co/mLExtnztDB?
— Tom Paine (@phillytechnews) April 12, 2019