The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: Shervin Pishevar on The Epic Uber War and What Really Happened in the Firing of Travis Kalanick | Raising $15BN to Win China | Why The Traditional Venture Capital Model is Dead | The Future of Quantum and How We Will Cure All Diseases in 10 Years

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Jan 13, 2025
Shervin Pishevar, a serial entrepreneur and early investor in Uber and Warby Parker, shares captivating insights about the tumultuous journey of Uber. He discusses his pivotal role in securing billion-dollar deals and the fierce rivalry with Lyft. Pishevar delves into the $15 billion raise that fueled Uber's expansion in China and the internal chaos leading to leadership changes. He also speculates on the future of quantum computing and its potential to revolutionize healthcare and eradicate diseases, painting an optimistic vision for humanity.
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ANECDOTE

Early Investments

  • Shervin Pishevar invested in Uber's Series B, Warby Parker's Series A, and Tumblr, all within 18 months at Menlo Ventures.
  • He later co-founded Sherpa Capital, achieving impressive returns.
ANECDOTE

Mother's Influence

  • Pishevar's mother worked multiple jobs to support his early interest in technology, buying him an Apple IIc.
  • She later secretly bought him a laptop in college, becoming his first 'angel investor'.
ANECDOTE

Meeting Travis and Uber's Series B

  • After multiple referrals, Pishevar finally met with Travis Kalanick and secured Uber's Series B funding.
  • He recognized Uber's potential to replace car ownership, leading to a $290 million valuation.
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