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Lance Armstrong says Uber investment has 'saved' his family

Credit: BBC Sport- Published on December 6, 2018
Lance Armstrong says an early investment in Uber has "saved" his family after paying out $111m (£86.8m) in legal fees and settlements.
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Credit: Wochit Business
Published on December 6, 2018 -  00:38
Lance Armstrong Hit The Jackpot With An Early $100,000 Investment In Uber
Lance Armstrong's early investment in Uber has paid off big time. Armstrong revealed to CNBC that in 2009, he made a $100,000 investment in Chris Sacca's venture capital firm, Lowercase Capital. His investment was then mostly spent on Uber, which at the time had a valuation of $3.7 million. Today, banks estimate Uber to be worth $120 billion, as its preparing for its first IPO. Armstrong declined to say how much the investment is worth today, but called it "too good to be true."

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