After the end of the PED case in 2010, former cyclist Lance Armstrong distanced himself from the sporting world. He experimented with new things, especially business. At present, Lance does multiple businesses that deal with podcasts and online websites. One of the most profitable investments that Lance made was in Uber in 2009.
Lance Armstrong had a great cycling career until 2011. The former cyclist won several titles in 1996. However, that year he was diagnosed with testicular cancer. Lance recovered from his health condition within a year. After taking a break for two years, he made a comeback to the sport at the prestigious Tour De France. He won the competition for seven consecutive years. During this time, he was accused of using performance-enhancing drugs and was proven guilty in 2012. How much did Lance Armstrong profit from investing in Uber?
After leaving his cycling career, Lance had to save his family’s life from the financial swamp. He was stripped of all the titles that he achieved as a cyclist. He did not have a plan ahead as well. During that time, with the advice of the investor, Chris Sacca, he invested $100,000 in Uber. The evaluation of the uber-sharing company then was $3.7 million. JACO, COSTA RICA – NOVEMBER 01: Lance Armstrong of the United States competes in Day 1 of the La Ruta de Los Conquistadores on November 1, 2018 in Jaco, Costa Rica. La Ruta de Los Conquistadores is Costa Rica’s premier mountain bike race, and […]
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