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Lance Armstrong says his funding in Uber ‘saved our household’ – EAST AUTO NEWS

Lance Armstrong says his funding in Uber ‘saved our household’


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Lance Armstrong throughout an interview with Oprah Winfrey relating to the controversy surrounding his biking profession January 14, 2013 in Austin, Texas.

After Lance Armstrong’s fall from grace price him tens of millions of {dollars} in misplaced endorsements and lawsuit settlements, one factor stored him on his ft: his funding in Uber.

corporate prepares for its IPO, banks have valued Uber at as a lot as $120 billion.

On the time Armstrong invested in Sacca’s agency, he stated, “I did not even know that he did Uber. I believed he was shopping for up a bunch of Twitter shares from staff or former staff and the largest funding in [the] Lowercase fund one was Uber.”

Armstrong declined to say how a lot his funding has was, however stated the quantity is “too good to be true.” Along with dropping profitable endorsements, Armstrong has needed to pay tens of millions in settlements after it turned clear the athlete was doping to enhance his efficiency. In 2013, he confessed to the doping in an interview with Oprah Winfrey.

Armstrong dodged the costliest of lawsuits with a $5 million settlement introduced in April. The federal authorities might have sought as much as $100 million in damages had the go well with gone to trial. He had beforehand paid over $20 million in damages and settlements throughout a collection of lawsuits, based on the Guardian.

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Lance Armstrong says his funding in Uber ‘saved our household’ – EAST AUTO NEWS
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