GV CEO Reveals $5 Billion Invested and Hints at Full Uber Exit
GV CEO David Krane reveals the Alphabet venture arm has invested $5 billion over the last decade and hints that the firm might sell its remaining Uber shares when the lock-up period ends in November.
GV CEO David Krane emerges from a three-year public silence at TechCrunch Disrupt to share rare insights into the Alphabet venture arm. He reveals that GV invests a massive $5 billion into startups over its 10-year history. Krane also notes that Alphabet founders still maintain some involvement with the organization despite the firm operating with significant independence.
When asked about Uber, one of GV's most successful bets, Krane expresses continued bullishness on the ride-sharing giant. He praises Uber's unmistakable brand, global scale, and strong competitive moat. He even describes the publicly traded stock as an interesting opportunity because it currently trades "on sale."
Despite this optimistic outlook, Krane suggests GV might soon completely exit its Uber position. He states that his team has a "big decision to make" when Uber's lock-up period expires in November. GV already sells a meaningful portion of its stake to SoftBank last year, and the upcoming expiration could mark the end of this lucrative investment.