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(Reuters) – An investor in Uber, the fast-growing alternative taxi service, has reached out to a venture capital firm about a potential new funding round that could value the company at $1 billion or more, a person familiar with the situation told Reuters.
Iranian-born entrepreneur-investor Shervin Pishevar has become a well-known brand in Silicon Valley in recent years largely because of his social entrepreneurship, not his startup prowess. His particular cause has been eradicating many of the hurdles that foreign-born entrepreneurs still face in entering and remaining in the U.S. But clearly, Pishevar’s social conscience has been good for business.
Most people think of Uber as a high-priced car service that hipsters summon through an iPhone app. But co-founder and CEO Travis Kalanick has something else in mind: he wants to transform the San Francisco company into the next Kozmo.com, the notorious dot.com delivery business that went bust by offering free delivery within an hour [...]
Being a startup founder can be exhausting. It can be lonely. These days, with investors tripping over themselves to slip money into founders’ pockets, and reporters rushing to tell their stories, it can also be pretty prestigious. FoundersCard has been quietly and smartly harnessing that prestige by assembling a members-only community of mostly entrepreneurs whose [...]