The Missed Opportunity Of Owning Uber.com And Rich Angel Investors | Exploring Markets

The Missed Opportunity Of Owning Uber.com And Rich Angel Investors

There's a miraculous story up on Fortune about Uber and its earliest investors. Many are looking at 1000x-2000x their initial investment. A $20,000 angel investment when the company was first getting started would be worth around $40 million today. That's spectacular. But what stands out the most is the amazingly huge missed opportunity by Universal Music Group:
"There’s one company that is conspicuously not on this list: Universal Music Group, which owned the domain name “Uber.com” prior to 2010. That year, Uber bought the domain from Universal using Uber stock, which Universal Media Group later sold back to the company for a small profit. According to a person familiar with the transaction, if Universal had held onto its stock, it would now be worth more than $100 million." 
Source: Meet Everyone Getting Rich From Uber's Huge Valuation