The company's Chinese business boosted its valuation last month to more than $8 billion after raising more than $1 billion in its latest funding round.
The opportunity to invest the equivalent of a down payment on a modest Silicon Valley house in the early Uber would be worth a billion dollars now. When you pay that kind of tuition, you need to learn the lesson.
You want to hear "yes,'' and you will survive hearing "no,'' but you can't work with a "maybe'' that never ends.
Ready To Launch
Having all the answers when you pitch investors will lead them to ask only one question: ""How soon can I sign up?"
When a business is launched, every member of the team is crucial to success. Picking those people is the founders primary job.
Getting venture capital funding is a constant game of selling, and it's far easier to sell yourself if independent third-party experts rave about you.
Investors and founders both sense the venture funding pool is drying up. If you're raising money, take every dollar you can when you can.
Nakul Mandan, investor at Lightspeed Venture Partners, talks about the dynamics of investing in companies that are building new market categories.
I didn't really need the truck back in 1991, but I learned to look for opportunities before I thought it was the right time.
Persuading investors is a long process of getting their attention, then their enthusiasm. It helps to be methodical.
Savvy investors avoid ground-floor investments, because there is typically too much risk to offer attractive risk-adjusted returns.
Due diligence might sound daunting, but it's really just an in-depth common-sense risk analysis before closing a business deal.
If you want investors to take you seriously, you need to demonstrate your growth potential and prove you know your market inside and out.
Asking for an introduction to an investor without explaining why the investor will be interested reflects very poorly on you.
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© 2016 Entrepreneur Media, Inc.