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OffbeatLance Armstrong says his investment in Uber saved his family

18:05  06 december  2018
18:05  06 december  2018 Source:   cnbc.com

Lance Armstrong says last six years have 'really sucked' while dealing with doping fallout

Lance Armstrong says last six years have 'really sucked' while dealing with doping fallout Lance Armstrong said Thursday he'll spend the "rest of his life" trying to make amends to the people he let down and who view him as a fraud.

After his recovery, he founded the Lance Armstrong Foundation (now the Livestrong Foundation) At the age of 12, Armstrong started his sporting career as a swimmer at the City of Plano Swim Club UCI rules say a cyclist has to be in an anti-doping program for six months before an event, but UCI

How did Lance Armstrong pass every drug test during his run of seven straight Tour de France Even his confession seemed to lack an ounce of contrition. Armstrong had gotten very rich, but ARMSTRONG : And can I just say one thing on that, just because at this point, there’s no sense in me

After Lance Armstrong's fall from grace cost him millions of dollars in lost endorsements and lawsuit settlements, one thing kept him on his feet: his investment in Uber.

"It's saved our family," Armstrong told CNBC's Andrew Sorkin in an interview aired Thursday. In 2009, the former pro cyclist invested $100,000 in Chris Sacca's nascent venture capital firm, Lowercase Capital. Armstrong said the bulk of the money went to Uber, which at the time was valued at just $3.7 million. Today, as the company prepares for its IPO, banks have valued Uber at as much as $120 billion .

At the time Armstrong invested in Sacca's firm, he said, "I didn't even know that he did Uber. I thought he was buying up a bunch of Twitter shares from employees or former employees and the biggest investment in [the] Lowercase fund one was Uber."

Uber Reportedly Files For IPO

Uber Reportedly Files For IPO Barely a day after Lyft filed plans to go public, rival Uber Technologies Inc. is following suit with its own plans for an IPO, The Wall Street Journal is reporting. Uber this week filed a confidential Form S-1, the SEC registration form for new securities, the paper reported, citing "people familiar with the matter." Uber's IPO could come as soon as the first quarter, according to the Journal, and has been widely anticipated, with Uber having previously said it hopes to garner a market value of more than $100 billion.

Just as his involvement with Wapiyapi and his personal outreach to cancer survivors has allowed Armstrong to maintain a connection to something very meaningful to him in the face When I ask him if he'd be comfortable sharing some of the investments he's made on the record, he cryptically texts

Lance Armstrong , whose doping scandal led to his downfall from the top of cycling, says he is working to earn forgiveness and has changed In one story Armstrong shared, the disgraced cyclist said he was getting into an Uber in Denver in 2017 when a person sitting on a bar patio started

Armstrong declined to say how much his investment has turned into, but said the number is "too good to be true." In addition to losing lucrative endorsements, Armstrong has had to pay millions in settlements after it became clear the athlete was doping to improve his performance. In 2013, he confessed to the doping in an interview with Oprah Winfrey.

Armstrong dodged the most costly of lawsuits with a $5 million settlement announced in April. The federal government could have sought up to $100 million in damages had the suit gone to trial. He had previously paid over $20 million in damages and settlements across a series of lawsuits, according to the Guardian.

Body found in Costa Rica near Airbnb where missing Miami woman was staying.
A body was found Monday outside the Airbnb where a missing Miami woman was staying, officials with Costa Rica's Judicial Investigation Department told the Miami Herald. Carla Stefaniak, 36, went missing during her vacation in San Jose on the night of Nov. 27, a day before her birthday, her family says. The next day, local law enforcement launched an investigation. According to Costa Rica's government spokesman Walter Espinoza, a woman's body was found wrapped in plastic, buried outside the apartment where she was renting. The discovery came while authorities stripped the unit for her DNA.

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