How Uber Started?

Back in 2008 the two founders, Travis Kalanick and Garrett Camp, weren’t happy with the service provided by traditional cabs and the fact that they sometimes had to wait in the rain for a free cab to pass by.

The founders started brainstorming together for possible solutions for that problem.

Garrett kept testing different things, then by March 2009 he came up with an an iPhone app that would later become the Uber we know today. The app was called Ubercab. (See Why some people think the iPhone is the best phone?)

In 2009 Uber got $200,000 seed funding.

In 2010 the Uber team started testing the service with 3 black cars in New York.

Travis posted on twitter asking for help with the development of Uber and Ryan Graves, who responded to that tweet, became one of Uber’s core members.

In October 2010 Uber got $1.25 million of angel funding. The funding was led by First Round Capital and Lowercase Capital. (See Millionaire Mindset: How Millionaires Think Differently?)

In May 2010 Uber was officially launched in San Francisco and turned out to be a great success.

Uber got $11.5 million in Series A funding.

Uber got $32 million in series B funding.

By the end of 2011, Uber had started expanding internationally. The service was introduced to Paris then later to Toronto, London and other cities around the world.

In June 2014, Uber got another round of funding worth $1.2 billion and announced that it’s now valued for more than $18 billion.

By late 2015, Uber was estimated to be worth $62.5 billion.