Iman Shumpert’s early investment in Uber was a home run.
Decided to invest in Uber
former NBA The player appeared on the “Club Shay Shay” podcast and revealed that he was given the opportunity to invest in Uber at a time when he was making very little money money. When Shumpert learned about the opportunity, he said the concept sounded familiar to him and reminded him of the luxury taxi service called Page-A-Cab Luxury Cab Co. in the 1997 comedy-action movie “BAPS.”
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“Someone said Uber sounded like, you remember renting a taxi. In BAPS, they were basically talking about Uber. What if you could have a personal driver at all times… When I heard about Uber, I thought, ‘That’s kind of like that’… I thought, ‘But wait, let me Put some money in,” Shumpert recalled on the podcast.
Why he sold his shares in Uber
Shumpert invest Early years at Uber. It’s unclear how much of his stake in the company he held, but he continued to sell the shares because he thought they would fall. Yet, he still walked away with a payday.
“That damn thing went over two or three times. Well, I took the money out real quick and bought some stuff… I still made money. I just didn’t make any money,” he said on “Club Shay Shay.”
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in a separation In the VladTV interview, Shumpert also noted that he doesn’t like the idea of investing in other people’s ideas due to trust issues. This mentality explains why he sold stock in a company now valued at billions of dollars.
Shumpert’s financial situation also affected his performance as an athlete. as
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Told you before, this 2011 NBA draft pick saved half of his NBA career income Regardless of the amount of his contract or salary during his time in the league. He last played for the Brooklyn Nets in the 2020-21 season.
Former NBA player Iman Shumpert says he was an early investor in Uber and the investment “flipped about 2” [Or] 3 Times’ appeared first on AfroTech.
Former NBA player Iman Shumpert says he was an early investor in Uber and the investment “flipped about 2” [Or] 3 Times’ appeared first on AfroTech.