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Lance Armstrong Hit The Jackpot With An Early $100,000 Investment In Uber

Credit: Wochit Business
Published 1 week ago - Duration: 00:38s

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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Lance Armstrong Hit The Jackpot With An Early $100,000 Investment In Uber

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