Corporate Venture Capital is the Right Way to Face Disruption

In June 2010, the application UberCab launched in San Francisco to make it easier for people to order taxis. It didn't take long, the platform was popular throughout the local area, even though the service fees charged became more expensive. Users are willing to pay more for the efficiency gained.

Five months later the company secured $1,25 million in seed funding from a number of investors. The brand was changed to Uber because it accommodates transportation services that embrace drivers outside of taxis. Early February of the following year, Uber announced a series A funding of $11 million.

Steady with a valuation of $ 60 million, they formalize a presence in New York. The public is enthusiastic about the new service, even in the early stages of this region becoming Uber's largest market share. Some taxi companies began to call for strong resistance, questioning the legality of the business.