When a company gets a huge round of funding, its not the same as a huge business launch
It’s a common misconception that when a startup is backed by a huge sum of money, its basically the same thing as a business launch.
But when a company has gotten the green light from investors to go public, it’s not necessarily the same.
In fact, there are plenty of cases where the funding can be different.
This article explains how it works.
Read moreRead moreOn Thursday, Uber Technologies announced its latest round of financing, bringing its total valuation to $70 billion.
The company had raised $5.7 billion in its first round, which was led by the private equity firm Andreessen Horowitz.
The second round, led by Accel Partners, brought its total investment to $12 billion, bringing the total valuation of the company to $50 billion.
In total, Uber has raised $35 billion in funding since launching in 2014.
The company has been in a lot of hot water lately, with the company recently going into bankruptcy court.
That court filing came after Uber failed to pay back a $15 million loan that the company made to its former CEO Travis Kalanick in 2015.
In that lawsuit, Kalanicky said Uber was using his company to cheat customers out of the money they had spent on the ride-hailing service.
Uber’s financial woes are the subject of a separate class-action lawsuit against Kalanicks family.
At the time of the loan, Kalans company, Uber, was in a state of bankruptcy.
However, that process was put on hold by a bankruptcy judge in 2017.
Kalanikos lawyers were able to obtain a loan modification and Uber was able to make payments on it.
That loan modification was a major reason Uber was allowed to go into bankruptcy protection in the first place.
It allowed Uber to pay off the loan and take out new loans to pay for other business operations.
However the new loan modification is not in the agreement the court had to approve it, which allowed Uber and the company it was backing to go on a wild ride.
For the first time in its history, Uber was also able to go for an IPO.
Uber went public in 2016.
However Uber has had to keep some of its investments in the company secret to avoid the potential for legal issues that would result from it going public.