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But despite the chance, he posted on LinkedIn last week, he chose not to invest in Uber — a company that's now worth roughly $138 billion. It was "one of the greatest mistakes of my investing career," wrote Vaynerchuk, currently the CEO of Vaynerchuk Media. In 2009, Uber's co-founders sought funding at a $10 million valuation, serial entrepreneur Mark Cuban told Peacock's "Hart to Heart" last year. "I realized, Uber doesn't sell transportation ... Uber sells us time," Vaynerchuk wrote. "Just think: If I would've given him $250,000 on a [$10 million] valuation, it'd be billions," he said.
Persons: Resy, Gary Vaynerchuk, Uber, Uber's, Mark Cuban, Peacock's, Hart, Vaynerchuk, Travis Kalanick, Garrett Camp, Vaynerchuck, Logan Paul, AJ Vaynerchuk, AJ, Cuban, Kalanick, Peacock Organizations: Twitter, LinkedIn, Uber, Vaynerchuk Media, CNBC Locations: New York City, NBCUniversal
Multiple high-profile startups that did just that after launching during the Great Recession, which ran from late-2007 to the summer of 2009. It's proof that even tough times aren't enough to prevent every great idea from growing into a flourishing business — especially if your idea can save other people money during tough times. Today, Groupon has more than 20 million active customers — a lot, but less than half of its 54 million customers in 2014. The app currently has more than 90 million users. In 2018, PayPal CEO Dan Schulman told CNBC that he's seen Venmo help people who grew up during the Great Recession become more thoughtful about taking care of their money.
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