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The firm's most successful investment was a 1997 investment of $6.7 million in eBay for 22.1% of the company. [2] In 2011, it invested $12 million for an 11% stake in Uber, worth $7 billion in 2019 and $9.4 billion in 2023.
The title of his blog, Above the Crowd, and the book eBoys: The First Inside Account of Venture Capitalists that profiles the Benchmark team, both reference his height; the subtitle of eBoys is “The true story of the six tall men who backed eBay, Webvan, and other billion-dollar start-ups."
Kagle's investment in eBay is seen as his first—and biggest—success. Benchmark's $6.7 million investment in eBay "holds the record for the best performing Silicon Valley investment ever: by the spring of 1999, this stake was worth $5 billion". [1] Kagle's share was $170 million, and he has been a director for eBay since 1997. [2]
EBay also allegedly distributed more than 5,600 paint and coating removal products that contained methylene chloride, a chemical linked to brain and liver cancer and non-Hodgkin lymphoma.
President-elect Donald Trump has promised a major escalation of the nation’s tariffs. Trump has proposed tariffs of between 60% and 100% on Chinese goods, and a tax of between 10% and 20% on ...
One of the reasons why air fryers have exploded in popularity within the past decade is because they get meals on the table fast. Compared to the time spent waiting for a full-sized oven to ...
On eBay, the bidding price started at $233.95, with bidding ended at a sale price of US$10,000. [63] Both the e-mail exchange and the picture have become internet hits. [64] In July 2009, Dornoch Capital Advisors placed England's Coca-Cola League One Side Tranmere Rovers F.C. on eBay without permission from owner and chairman Peter Johnson ...
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