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Lance Armstrong Has Made Millions on an Early Uber Investment
5 monthes ago - By Fortune
Lance Armstrong's prospects looked bleak when he admitted to Oprah Winfrey in 2013 that he cheated to win his Tour de France titles, putting the brakes on a career that made him more than $200 million and deepening his legal troubles.
An investment in a venture capital fund that bought into Uber Technologies Inc. has proved to be a lifeline for the disgraced cyclist. The 47-year-old told CNBC on Thursday that the investment had been "too good to be true," and "saved our family."
The interview sparked reports that Armstrong could be sitting on a 10-figure stake in the startup.
The reality...
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