Uber may tune into Spotify IPO

Fortune scribe Adam Lashinsky has a new book out out on Uber, and toward the end includes this anecdote from a private plane trip in China last summer:

“Kalanick loves nothing more than to bat around ideas, the zanier the better. He wonders aloud to Emil Michael, his top deal-maker and fund-raiser, if Uber could go public without investment bankers. Michael, a lawyer by training, suggests instead a reverse merger… Kalanick suggests using no bankers but giving 3% of the capital raised ― the fee bankers would have received ― to charity…

Read the article

No comments yet.

Leave a Reply

Developed and Maintained by Melody Sharp.