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Uber's $32M Round to Take On Taxi Cartel

alarmClock Dec 07 11

We see a lot of eye-browsed raised by Uber's $32M round led by Menlo Ventures, Jeff Bezos and Goldman Sachs who followed existing investor Benchmark Capital and angel investors. We have heard nothing but rave reviews from Uber's clients. Sure the technology is thin - order your car service by cell phone and track it. But for many the taxi system is just so low tech that anything that improves the system is welcome. It's fun to see that Menlo Ventures' Shervin Pishevar blogs that he was the son of an immigrant cab driver, so Uber has special meaning to him. Uber is his largest investment to date and he compares Uber to a Fedex in the making. Full story...

Tagged: angel investors, benchmark capital, blogs, cab driver, car service, cartel, cell phone, convenience,

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