Meet the Uber Rich

June 5, 2014, 12:19 PM UTC
Photograph by Adrianna Williams — Getty Images

The valuation of Uber is poised to hit an eye-popping $17 billion in its latest round of funding. (Update: the company confirmed this valuation, along with the round of $1.2 billion in new funding, on Friday.) That makes the four-year-old black car startup one of the most valuable private technology companies in the world. As a result, the startup’s early investors, whose shares are now worth as much as 2,000x their initial investment, are looking pretty smart.

Similar to the way early bets on Facebook (FB) solidified the status of top-tier investors like Jim Breyer, Marc Andreessen, Peter Thiel, Reid Hoffman, and David Sze, Uber is the game-changing home run for dozens of angel investors.

Set aside whether Uber’s $17 billion pre-money valuation is too frothy. After all, this latest round of funding will be led by mutual funds, which have a different return profile than seed-stage investors.

As Fortune noted in February, Uber’s first angel round of investment–a $1.5 million deal led by First Round Capital–came with a $4 million valuation. Investors in that round, assuming reasonable dilution, saw their investments grow to between 400x and 600x in the round that valued Uber at $3.5 billion. At $17 billion, they’re worth around 2,000x, according to people familiar with the deal.

That means even a tiny little $20,000 angel investment is now worth around $40 million. Even investors from the $3.5 billion round have now almost quintupled their money in less than a year.

There’s one company that is conspicuously not on this list: Universal Music Group, which owned the domain name “” prior to 2010. That year, Uber bought the domain from Universal using Uber stock, which Universal Media Group later sold back to the company for a small profit. According to a person familiar with the transaction, if Universal had held onto its stock, it would now be worth more than $100 million.

For some early investors, the bet on Uber means the opportunity to run their own fund: David Cohen, an early seed investor in Uber who is now raising $150 million for a fund called Bullet Time Ventures 2014. Mike Walsh, another early investor, used his Uber investment to launch, a firm that has made 40 investments since last June. Founder Collective was also an early investor; the firm doubled the size of its last fund with its most recent one. Early investor First Round Capital will have no problems raising a large new fund later this year. Shervin Peshivar, who led Menlo Ventures’ Series B investment in the company, has branched out to raise his own fund under the name Sherpa Ventures.

For others, it simply means bragging rights, and a massive potential payoff. Notably, a number of Uber’s investors are connected by common portfolio companies: Path, Yammer, StyleSeat, Zappos, Eventbrite, and Warby Parker show up several times. Oh, and Britney Spears.

Here are the angel investors that are, on paper at least, “Uber rich.”

Mitch Kapor

CAMBRIDGE - JANUARY 12: Mitch Kapor, former Lotus chief, now a venture capitalist. Kapor, 49, has made more than four dozen private equity investments since resigning as Lotus CEO in 1986. (Photo by Tom Herde/The Boston Globe via Getty Images)

Kapor, already a famous angel investor, founded Lotus Development Corporation and co-founded the Electronic Frontier Foundation. 

Chris Sacca

Chris Sacca

 Sacca invested in Uber through his fund, Lowercase Capital. He was also an early investor in Twitter, Path and Instagram.

Naval Ravikant

NEW YORK, NY - APRIL 30: Naval Ravikant of AngelList speaks onstage at the TechCrunch Disrupt NY 2013 at The Manhattan Center on April 30, 2013 in New York City. (Photo by Brian Ach/Getty Images for TechCrunch)

Ravikant founded AngelList, the crowdfunding social network for angel investors. He's also investor Yammer, Twitter and Wanelo. 

Babak Nivi

Nivi co-founded AngelList with Ravikant. 

Alfred Lin

NEW YORK, NY - MAY 07: Bijan Sabet and Alfred Lin speak at TechCrunch Disrupt NY 2014 - Day 3 on May 7, 2014 in New York City. (Photo by Brian Ach/Getty Images for TechCrunch)

Lin, an investor at Sequoia Capital, served at Chairman, COO and CFO of Zappos before it sold to Amazon. 

Cyan and Scott Banister

The married couple are active angel investors. Scott Banister is known for sitting on the board of PayPal. Together they've backed almost 100 companies, including Zappos. 

Shawn Fanning

AUSTIN, TX - MARCH 10: Shawn Fanning, Napster speaks onstage at the "Downloaded" Q&A during the 2013 SXSW Music, Film + Interactive Festival at Paramount Theatre on March 10, 2013 in Austin, Texas. (Photo by Bobby Longoria/Getty Images for SXSW)

Fanning was the co-founder of Napster. He's a co-founder of Path.

Jason Calacanis

 Calacanis recently launched, a news app. He's led several syndicates of angel deals on AngelList, and in addition to Uber, backed Chartbeat and Whisper.   

Mike Walsh

 Walsh founded an enterprise software company called Leverage, which sold in 2011 to Telligent Systems. He's also invested in SurfAir and Salesforce. 

Oren Michels

Michels co-founded Mashery, which sold to Intel in 2013.

Josh Spear

BOULDER, CO. MONDAY, NOVEMBER 21, 2005 - Josh Spear has a blog ( that has become popular for it's self-described "pulse of cool." (DENVER POST PHOTO BY CYRUS MCCRIMMON cell: 303 358 9990, home 303 370 1054) (Photo By Cyrus McCrimmon/The Denver Post via Getty Images)

 Spear runs a digital consulting firm called Undercurrent. As an angel investor, he has backed Path, Percolate, Little Bits, Warby Parker, Behance, StumbleUpon, Quirky and Circa. he recently joined venture firm OATV as a special partner. 

Scott Belsky

AUSTIN, TX - MARCH 11: Scott Belsky speaks onstage at Connecting & Empowering The Creative World during the 2013 SXSW Music, Film + Interactive Festival at Austin Convention Center on March 11, 2013 in Austin, Texas. (Photo by Rita Quinn/Getty Images for SXSW)

Belsky founded Behance, which sold to Adobe in 2012. He invested in a follow-on to Uber's seed round, and is now an advisor to Founder Collective (which also was an early investor in Uber). 

Matt Ocko

Ocko, a managing partner at venture firm Data Collective, invested in Uber's 2011 Series B. He was also an early investor in Facebook. 

Zachary Bogue

Bogue co-manages Data Collective with Ocko. He's also invested in AngelList and Square, and is married to Yahoo (YHOO) CEO Marissa Mayer. 

David Sacks

Yammer CEO David Sacks.

Sacks founded Yammer, which sold to Microsoft (MSFT) for $1.8 billion. He's also invested in Palantir Technologies, SpaceX and Houzz. 

Jeremy Stoppelman

Jeremy Stoppelman,, cofounder and CEO of Yelp Inc.

Stoppelman co-founded and is the CEO of Yelp (YELP). Other notable deals include Eventbrite, Palantir Technologies, Pinterest and Airbnb. 

Chris Hollod

AUSTIN, TX - MARCH 08: Kelly Donnelly (C), with AGRADE, Chris Hollod (R), with AGRADE, and guest attend A-GRADE And Nas, Live from Austin, on March 8, 2014 in Austin, Texas. (Photo by Jonathan Leibson/Getty Images for AGRADE)

Hollod manages A-Grade Investments, the startup investment vehicle of Ashton Kutcher, Guy Oseary and Ron Burkle. The fund has backed Foursquare, Soundcloud, Warby Parker and

Gary Vaynerchuk

Gary V, as Vaynerchuk is known by his one million Twitter followers, runs a social media consulting agency and a $25 million venture fund. Other investments include Twitter, Tumblr, Birchbox, Buddy Media and Medium.

Bobby Yazdani

Yazdani founded a software company called Saba Software. His investments include Dropbox and Bonobos. 

Troy Carter

LOS ANGELES, CA - JANUARY 22: CEO of Atom Factory Troy Carter attends The 56th annual GRAMMY awards basic training camp at USC on January 22, 2014 in Los Angeles, California. (Photo by David Buchan/Getty Images)

Known as Lady Gaga's former manager, Carter has made a name for himself as a venture investor through his fund, AF Square, which has backed Fab, Warby Parker and Dropbox. 

Kevin Hartz

Kevin Hartz steps down from his role at Founders Fund.

Hartz co-founded Eventbrite. He's also backed Yammer, Pinterest and Airbnb. 

Dror Berman

Berman co-founded Innovation Endeavors alongside Eric Schmidt. 

Adam Leber

Larry Rudolph, Nicole Winnaman and Adam Leber (Photo by Denise Truscello/WireImage)

Leber, who manages Britney Spears, has also backed Path and Everlane. 

Robin Sloan Bechtel

LAS VEGAS, NV - SEPTEMBER 21: Entertainer Britney Spears attends the iHeartRadio Music Festival at the MGM Grand Garden Arena on September 21, 2013 in Las Vegas, Nevada. (Photo by Jason Kempin/Getty Images for Clear Channel)

Bechtel works with musicians on digital strategy. She helped Britney Spears (pictured) partner three of her investments: Path, Everlane and Uber. 

Khaled Helioui

Helioui is managing director of Bigpoint, a European game developer. He previously worked with technology companies at TA Associates. 


Update: Nihal Mehta has been removed from this list. Prior to publication, Mehta had confirmed to Fortune had he had made an angel investment in Uber, but later revealed the investment was actually through another individual.