The founders were unhappy with traditional cabs
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.
They started brainstorming
The founders started brainstorming together for possible solutions for that problem.
Garrett created a mobile app
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?)
Uber got $200,000 seed funding
In 2009 Uber got $200,000 seed funding.
Uber offered black cars
In 2010 the Uber team started testing the service with 3 black cars in New York.
The famous tweet
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
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?)
Uber was launched in San Francisco
In May 2010 Uber was officially launched in San Francisco and turned out to be a great success.
Uber got series A funding
Uber got $11.5 million in Series A funding.
Uber got Series B funding
Uber got $32 million in series B funding.
Uber expanded internationally
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.
Uber became worth $18 billion
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.
Uber became worth $62.5 billion
By late 2015, Uber was estimated to be worth $62.5 billion.
How Uber Started?
The Story Behind Uber: How Uber Started | Uber’s history and rise to the most valuable startup in the world