Uber investor Benchmark says the firm is confident about Uber, “Despite speculation to the contrary,” the firm wrote on Twitter today. In fact, Benchmark is “incredibly optimistic” about Uber’s future.
2/ An Uber accountable to serving its entire ecosystem -riders, drivers & employees- stands to be one of the defining companies of our time.
— Benchmark (@benchmark) August 7, 2017
The firm went on to say Uber could be “comfortably” worth more than $100 billion in the next couple of years, according to its own analysis. Today, Uber is worth more than $60 billion.
“We have immense confidence in Uber’s 1000s of employees & are excited about what they will accomplish with the right new CEO,” the firm wrote.
Benchmark’s Bill Gurley reportedly played a big role in Travis Kalanick’s resignation as CEO. In June, Gurley left Uber’s board of directors and was replaced by Benchmark General Partner Matt Cohler.
Join 10k+ tech and VC leaders for growth and connections at Disrupt 2025
Netflix, Box, a16z, ElevenLabs, Wayve, Hugging Face, Elad Gil, Vinod Khosla — just some of the 250+ heavy hitters leading 200+ sessions designed to deliver the insights that fuel startup growth and sharpen your edge. Don’t miss the 20th anniversary of TechCrunch, and a chance to learn from the top voices in tech. Grab your ticket before doors open to save up to $444.
Join 10k+ tech and VC leaders for growth and connections at Disrupt 2025
Netflix, Box, a16z, ElevenLabs, Wayve, Hugging Face, Elad Gil, Vinod Khosla — just some of the 250+ heavy hitters leading 200+ sessions designed to deliver the insights that fuel startup growth and sharpen your edge. Don’t miss a chance to learn from the top voices in tech. Grab your ticket before doors open to save up to $444.
Benchmark’s public support for Uber comes shortly after Uber co-founder and chairman Garrett Camp told employees Kalanick would not be returning as CEO of Uber.
