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2min chapter
The Uber IPO
Acquired
Travis Travis and His Co-Founders Invest in Uber
Michael Ovets and Ron Birkle want to invest in our company. Like, yeah, let's do this. So what happens next? This is like, it is amazing how much this foreshadows what is going to come with Uber. They sign the term sheet. After they sign the term Sheet, Ovets delays funding the company. He's not going to budge. Ultimately, after a bunch of months go by and the exclusivity period on the term sheet had expired, Travis and his co-founders go out and they start talking to other people about investing in the company.
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