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MoneyMark Cuban had the chance to invest in Uber when it was only worth $2 million but blew off Travis Kalanick and said he 'wouldn't touch' the company

18:32  10 may  2019
18:32  10 may  2019 Source:   msn.com

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Mark Cuban had the chance to invest in Uber when it was only worth $2 million but blew off Travis Kalanick and said he 'wouldn't touch' the company© Jin S. Lee

The billionaire is an unabashed Trump critic and has teased a 2020 run in the past, and polls have shown he could give Trump a run for his money.

At Business Insider's annual IGNITION conference on tech and media in December, he said it would be "bad parenting" to run for president in 2020, but he suggested he might go for it regardless.

But he might not end up challenging any Democrats - in November 2017, Cuban said he would run as an independent if he were to mount a campaign.

  • Mark Cuban turned down the opportunity to invest in Uber back in 2010, saying he "wouldn't touch a 2mm valuation."
  • Cuban called it his "biggest miss ever" when sharing the email exchange and congratulating Kalanick on Twitter on Friday morning as Uber went public on the New York Stock Exchange.
  • Read Business Insider's homepage for more stories.

Back in 2010, long before ride hailing startup Uber became a tech "unicorn" worth billions, founder and former CEO Travis Kalanick offered billionaire investor Mark Cuban the chance to invest.

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He turned it down.

"This is high risk, medium reward," Cuban wrote in an email to Kalanick in June 2010, which he shared on Twitter on Friday ahead of Uber's debut on the New York Stock Exchange. "I wouldn't touch a 2mm valuation, let alone 5mm."

Now, Uber has priced its IPO at $45 per share, giving it an initial valuation of $75.5 billion, and is set to have the largest initial public offering of 2019 - even despite the fact that buzzy tech firms like Slack and Pinterest are expected to go public this year. It's also expected to be the largest IPO in the tech sector since Facebook went public in 2012.

Why Oprah stopped flying commercial and bought a private jet

Why Oprah stopped flying commercial and bought a private jet "I wrote that first check — because I can't stand bills — for my first G4 [jet] for the full $25 million," Oprah Winfrey told The Hollywood Reporter. Winfrey said she struggled with the idea of the purchase, trying to justify it "like, 'OK, if I put 10 people on the plane, that would've been how many airfares would I have to pay for?'" But there was no justifying it. (Bill Cosby told her at the time, "You'll never be able to justify it because it's a true luxury.") So she just went for it. "I wrote that first check — because I can't stand bills — for my first G4 [jet] for the full $25 million," Winfrey said.

When sharing the email exchange on Twitter, Cuban wrote that it was his "biggest miss ever" and congratulated Kalanick.

Uber will begin trading on the New York Stock Exchange Friday morning under the ticker UBER . The company's biggest shareholders include Kalanick, who owns an $8.6% share in the company, co-founder Garrett Camp, who owns a 6% stake in Uber, and current CEO Dara Khosrowshahi, who owns 196,000 shares. Softbank also holds a 16% stake in Uber.

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